2407 Murphy StOdessa, TX 79761

Property Details for 2407 Murphy St

Year built

1984

Lot size

11.32 AC

Property size (Sq ft)

1,296 SF

Zone code

ES2

Property type

Retail properties

APN

21812.01005.00000

APU

218120100500000

Description

This exceptional industrial property in Odessa, Texas, offers a total of 11,600 square feet of warehouse space across three separate buildings situated on a three-acre fenced lot. The property is ideally suited for a single tenant seeking ample space for warehousing, manufacturing, distribution, or flex operations. Each building is available for lease individually or all three can be leased together. The property's location at 2407 E Murphy St, Odessa, TX 79761, provides convenient access to major transportation routes, enhancing logistical efficiency. The expansive three-acre lot offers significant outdoor storage and maneuvering space. The property is classified as industrial, with a single-tenant occupancy. The buildings are metal structures, providing durability and low maintenance. The availability of additional land beyond the initial three acres presents an opportunity for expansion or future development. This property is a rare find, offering a substantial footprint and flexibility for a variety of industrial uses. The asking rent is $14,000 per month plus NNN expenses. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $282,641

  6.5%

  $260,900

  7%

  $242,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $291,373

  Geo Method

  $742,246

• Alternative Use

  Use

  Valuation

  Residential

  $220,079

  Hospitality

  $201,591

  Educational

  $167,721

  Medical

  $173,490

  Retail

  $260,900

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8525

Longitude

-102.328

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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