2724 40Th StOdessa, TX 79764

Property Details for 2724 40Th St

Year built

1974

Lot size

1.52 AC

Property size (Sq ft)

1,080 SF

Zone code

EB1

Property type

Office buildings

APN

21350.00245.00000

APU

213500024500000

Description

This exceptional industrial property, located at 2724 W 40th St in Odessa, Texas, presents a unique investment opportunity. The 12,000 square foot warehouse sits on a 2.4-acre corner lot in Ector County, offering unparalleled visibility and accessibility. Built in 1974 and extensively renovated in 2024, this fully stabilized property boasts five distinct shops, ideal for diverse business operations. The property includes a renovated office space, providing comfortable and modern administrative areas. A significant advantage is the inclusion of a crane-served machine shop, catering to businesses requiring heavy machinery and lifting capabilities. Ample parking is available for trucks, along with a convenient covered carport and a wash bay for vehicle maintenance. The entire property is securely fenced, ensuring safety and security. The asking price is $790,000, translating to $65.83 per square foot. This property is also available for lease at $8,500 per month, NNN. This prime location and comprehensive features make this an attractive investment for a wide range of industrial businesses. The zip code is 79764.

• CAP approach

  CAP return

  Valuation

  6%

  $160,228

  6.5%

  $147,902

  7%

  $137,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $96,354

  Geo Method

  $245,452

• Alternative Use

  Use

  Valuation

  Residential

  $183,399

  Hospitality

  $167,992

  Educational

  $139,768

  Medical

  $144,575

  Retail

  $217,417

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8744

Longitude

-102.416

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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