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$89,525

1507 E 5th St, Odessa, TX, 79761

$116,383 ARVInfo
Off MarketInfo
CommercialInfo
Baths3,000 Sq Ft
WarehouseWarehouse
price_per_sqft$45 / sqft
Year BuiltBuilt in 1976

Exterior

Lot Size8,472 sqft

Building Information

Year Built1976

Land Information

APN27750.02785.00000
Lot NumberA-11
SubdivisionRoyalty Heights
Land UseIndustrial
Legal DescriptionROYALTY HEIGHTS BLOCK 9 LOT A-11 LESS N.058 ACRE
Census Tract001600
Assessed Land Value$7,203
Assessed Improvement Value$82,322
Assessment Year2025

About this property

3,000 SF Light Industrial Property in Odessa, TX – Renovation Project -Potential! Looking for an investment or a place to grow your business? This 3,000 SF foot facility in Odessa, TX could be just what you need. It's in need of a full renovation, making it a blank slate to create a space that works for your business.

Investor Tools

Property Icon
$89,525
Estimated Property Value
$0Estimated Mortgage Balance
$89,525Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$116,383
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,883
$89,525
2025
$7,203
$82,322
$89,525
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,883
$89,525

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$89,525
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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1507 E 5th St | Property Details | No Agent List