3700 Fm 1936Odessa, TX 79764

Property Details for 3700 Fm 1936

Year built

1950

Lot size

9.63 AC

Property size (Sq ft)

3,200 SF

Zone code

EW1

Property type

Office properties

Property subtype

Office buildings

APN

07770.00025.00000

APU

77700002500000

Description

This exceptional 32,951-square-foot industrial facility presents a unique investment opportunity in Odessa, Texas. The property, classified as Class B, boasts a single-story design built in 1950 and extensively renovated in 2002. The building sits on a substantial 10.83-acre lot, offering ample space for expansion or outdoor storage. The entire 32,951 square feet is currently vacant, providing immediate occupancy for a wide range of industrial uses. Ceiling heights range from 10 to 23 feet, accommodating various equipment and processes. The facility is strategically located at 3700 FM 1936, Odessa, TX 79764, offering convenient access via North FM-1936 and W Blair St. Key features include heavy power and overhead crane service, making it ideal for manufacturing or warehousing operations requiring robust infrastructure. The property's size, location, and features make it an attractive option for businesses seeking a well-maintained and versatile industrial space in a thriving Texas market. The property is zoned for industrial use.

• CAP approach

  CAP return

  Valuation

  6%

  $474,748

  6.5%

  $438,229

  7%

  $406,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,492

  Geo Method

  $727,264

• Alternative Use

  Use

  Valuation

  Residential

  $543,404

  Hospitality

  $497,755

  Educational

  $414,127

  Medical

  $428,369

  Retail

  $644,197

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8628

Longitude

-102.449

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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