1810 Lee AveOdessa, TX 79761

Property Details for 1810 Lee Ave

Year built

1986

Lot size

0.26 AC

Property size (Sq ft)

882 SF

Zone code

EE1

Property type

Office buildings

APN

06200.04405.00000

APU

62000440500000

Description

This versatile 4,000 square-foot commercial property in Odessa, TX, is ideally suited for a variety of uses. The building, constructed in 1986, sits on a 0.26-acre lot and features a well-designed layout combining office and shop space. The 882 square feet of office space includes a reception/conference area and two restrooms. The spacious 3,118 square-foot shop area offers ample room for operations, enhanced by two bay doors (one 18'x20', one 10'x10') and a third restroom. The shop boasts a 20-foot clear ceiling height, providing excellent vertical space. Recent improvements include new windows, a new water heater, and a new HVAC system installed in October 2024. The property is serviced by single-phase power and is zoned for commercial use. This single-story building presents a unique opportunity for businesses seeking a blend of office and warehouse space. Available January 1st, 2025.

• CAP approach

  CAP return

  Valuation

  6%

  $130,853

  6.5%

  $120,787

  7%

  $112,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $78,689

  Geo Method

  $200,452

• Alternative Use

  Use

  Valuation

  Residential

  $149,776

  Hospitality

  $137,194

  Educational

  $114,144

  Medical

  $118,069

  Retail

  $177,557

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.86

Longitude

-102.379

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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