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$725,000

120 Douglas Dr, Odessa, TX, 79762

$942,500 ARVInfo
On MarketInfo
CommercialInfo
Baths0 Bath
Baths13,755 Sq Ft
WarehouseWarehouse
price_per_sqft$52.71 / sqft
Year BuiltBuilt in 1958

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size29,399 sqft

Building Information

Year Built1958

Land Information

APN17700.00005.03000
SubdivisionMcconnell 2nd
Land UseCommercial
Legal DescriptionMCCONNELL 2ND NE 105 X 280 (CARD #38)
Census Tract000500
Assessed Land Value$44,100
Assessed Improvement Value$296,369
Assessment Year2025

About this property

Warehouse offering an excellent opportunity for businesses seeking a versatile and spacious facility. Situated on a 1.76-acre fenced lot, this 13,755 square foot building features robust block construction, providing durability and security for a range of commercial uses. Zoned Heavy commercial and located near US HWY 385.

Investor Tools

Property Icon
$340,469
Estimated Property Value
$239,000Estimated Mortgage Balance
$138,940Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$942,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,350 /month
Positive
Cash Flow Estimate:
$1,450 /month

Interested in this property?

Keith Trower

TROWER REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$695/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,639
$340,469
2025
$44,100
$296,369
$340,469
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,639
$340,469

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Investar Bank
Unknown
$239,000
No
First
Aug 27, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,529
$138,940
40%
59%
$1,433/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odessa

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120 Douglas Dr | Property Details | No Agent List