400 Stoddard StOdessa, TX 79762

Property Details for 400 Stoddard St

Year built

1984

Lot size

0.17 AC

Property size (Sq ft)

210 SF

Zone code

ED1

Property type

Office buildings

APN

02900.00080.00000

APU

29000008000000

Description

This exceptional Odessa, Texas industrial property encompasses a full city block, totaling 33,340 square feet across eleven individual buildings. Built in 1984, this single-tenant flex space property sits on two acres of land in Ector County, offering unparalleled flexibility for a variety of businesses. Two of the buildings include dedicated office space, perfectly suited for businesses requiring both administrative and operational areas. The property's layout allows for easy customization, making it ideal for a range of uses, including automobile servicing, small-scale oil and gas operations, or large-scale storage. The seller is open to leasing the buildings individually, providing significant adaptability to meet diverse business needs. Strategically located just east of Highway 385 and north of 52nd Street, within Loop 338, this property boasts exceptional connectivity and easy access to Interstate 20, ensuring convenient transportation and logistics. This prime location and versatile space present a unique opportunity for businesses seeking a well-established and adaptable industrial facility in a thriving area. The highest and best use is identified as industrial, reflecting its suitability for a wide range of operational requirements. This property offers a rare combination of size, location, and flexibility, making it an attractive investment for discerning businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $31,155

  6.5%

  $28,759

  7%

  $26,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,735

  Geo Method

  $47,727

• Alternative Use

  Use

  Valuation

  Residential

  $35,661

  Hospitality

  $32,665

  Educational

  $27,177

  Medical

  $28,112

  Retail

  $42,275

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8979

Longitude

-102.383

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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