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$475,000

1903 E 6th St, Odessa, TX, 79761

On MarketInfo
CommercialInfo
Baths3,193 Sq Ft
price_per_sqft$148.76 / sqft
Year BuiltBuilt in 1973

Exterior

Lot Size17,498 sqft

Building Information

Year Built1956

Land Information

APN27750.01910.00000
Lot NumberC-D-4
SubdivisionRoyalty Heights
Land UseIndustrial
Legal DescriptionROYALTY HEIGHTS BLOCK 6 LOTS CD-4 LESS PART OF LOT C-4
Census Tract001600
Assessed Land Value$14,875
Assessed Improvement Value$53,487
Assessment Year2025

About this property

Unique 3,193sqft light commercial opportunity in Odessa. Subject property consist of 1,393 SF dedicated storage/office space featuring four offices, restroom, and conference/break room, plus 1,800 SF climate-controlled warehouse with professional sports court and LED lighting. Fully landscaped with irrigation over stable caliche base for potential yard conversion. Automatic gated entry, board-on-board fencing, and secure yard. Flexible use opportunity in Odessa.

Investor Tools

Property Icon
$68,362
Estimated Property Value
$374,800Estimated Mortgage Balance
$0Estimated Equity
-448% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Keith Trower

TROWER REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,387
$68,362
2025
$14,875
$53,487
$68,362
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,387
$68,362

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank
Commercial
$374,800
No
First
Oct 21, 2024
Oct 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$830,986
N/A
0%
1216%
$5,107/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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