Property profile

8439 University Blvd Odessa, TX 79764

OFF-MARKET
Warehouses
Property ID
US82-3824249
16,470 SF 2.24 ac lot
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional 16,470-square-foot industrial property in Odessa, Texas, presents a unique investment opportunity. Situated on a 2.238-acre lot (APN: 35300-02103-00501 and 35300.03105.00000), this flex space boasts a substantial ±13,500 square-foot office building featuring ceramic tile, attractive molding, and dual entrances from West University Boulevard. The property also includes two warehouse spaces. Warehouse 1, totaling approximately 9,050 square feet, features three sections with multiple overhead openings and 1 and 5-ton cranes. Warehouse 2, a semi-circular structure of approximately 3,920 square feet, includes a ½-ton crane. The entire property is fully fenced and includes two additional storage containers. An expansive asphalt yard allows for ample vehicle maneuverability. The property is zoned for industrial use. This versatile property is ideal for a variety of businesses requiring both office and warehouse space, offering significant potential for growth and return on investment. The asking price is $795,000. Located at 8439 W University Blvd, Odessa, TX 79764.

Property profile

Verified
Property type Warehouses
Total area 16,470 SF
Lot 2.24 ac (97,487 SF)
UPID US82-3824249

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Professional Services

Location

8439 University Blvd Odessa, TX 79764
Odessa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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