14001 Murphy StOdessa, TX 79763

Property Details for 14001 Murphy St

Year built

1973

Lot size

203.90 AC

Property size (Sq ft)

2,684 SF

Zone code

EW7

Property type

Office buildings

APN

43470.00050.00000

APU

434700005000000

Description

This exceptional 107.1-acre commercial land parcel presents a unique investment opportunity in the thriving Permian Basin of West Texas. Strategically located on West Murphy Street in Odessa, Texas, the property boasts an impressive 5,200 feet of frontage along Interstate 20, ensuring unparalleled visibility and accessibility. Its prime location offers significant advantages for businesses seeking high-traffic exposure and convenient transportation links. The property's substantial size allows for a wide range of development possibilities, from build-to-suit projects to speculative developments catering to the area's robust industrial growth. Further enhancing its appeal is the availability of Union Pacific Rail access, providing crucial logistical support for various industrial and commercial enterprises. The asking price is $6,961,500, translating to a land value of $65,000 per acre. This exceptional tract is surrounded by existing industrial development, solidifying its position as a premier location for future growth and expansion within the Permian Basin's dynamic economic landscape. The property is situated in Ector County, Texas, with a zip code of 79763. Its coordinates are 31.76734 latitude and -102.5150031 longitude. This is a rare opportunity to acquire a large, strategically located commercial land parcel with excellent access and visibility in one of the nation's most active energy regions.

• CAP approach

  CAP return

  Valuation

  6%

  $398,195

  6.5%

  $367,565

  7%

  $341,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,456

  Geo Method

  $609,993

• Alternative Use

  Use

  Valuation

  Residential

  $455,780

  Hospitality

  $417,492

  Educational

  $347,349

  Medical

  $359,295

  Retail

  $540,320

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.7644

Longitude

-102.515

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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