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    OFF-MARKET
    Distribution centers

    501 Hillcrest Ave, Odessa, TX 79761

    16,760 SF 0.65 ac lot
    Property ID
    US82-4180177
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Distribution centers
    Total area 16,760 SF
    Lot 0.65 ac (28,488 SF)
    UPID US82-4180177
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Basin Machine & Manufacturing Co Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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