501 Hillcrest Ave, Odessa, TX 79761
This exceptional industrial property, located at 501 Hillcrest Ave, Odessa, TX 79761, presents a unique investment opportunity. The 16,760 square foot building sits on a 0.65-acre lot in Ector County. Originally constructed in 1937, with an office section added in 1960, this versatile space offers a blend of historical character and modern functionality. Previously used as a machine shop, the property is ideally suited for a variety of industrial uses, particularly those within the oilfield sector. The building features several heavy-duty lifting hoists and winches, adding significant value for businesses requiring such equipment. The ample space and adaptable layout provide endless possibilities for expansion and customization to meet specific business needs. Priced at $765,000, this property offers a compelling combination of size, location, and functionality, making it an attractive investment for discerning buyers seeking a well-established industrial space in a thriving Texas market. The property's strategic location in Odessa, Texas provides easy access to major transportation routes and a skilled workforce. Don't miss this chance to acquire a substantial industrial asset with significant potential for growth and profitability.
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Basin Machine & Manufacturing Co Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.