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Days11Days on Market
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$2,500

1920 E 2nd St, Odessa, TX, 79761

On MarketInfo
Just AddedInfo
CommercialInfo
Baths5,000 Sq Ft
price_per_sqft$0.5 / sqft
Year BuiltBuilt in 1957

Exterior

Lot Size1,847 sqft

Building Information

Year Built1957

Land Information

APN27750.03790.00000
Lot NumberD-9
SubdivisionRoyalty Heights
Land UseIndustrial
Legal DescriptionROYALTY HEIGHTS BLOCK 15 LOT D-9 LESS W 47
Census Tract001600
Assessed Land Value$5,507
Assessed Improvement Value$87,561
Assessment Year2025

About this property

5,000 sq ft. metal warehouse/shop on a nearly half-acre lot with a security fence. This versatile structure boasts a convenient layout featuring office space, a shop area, and a side exterior entrance. Positioned strategically with exceptional visibility on 2nd Street, complemented by city utilities for added convenience. This location ensures seamless connectivity to major thoroughfares including I-20, HWY 80, and Midland. This property presents limitless potential for a variety of endeavors.

Investor Tools

Property Icon
$93,068
Estimated Property Value
$240,000Estimated Mortgage Balance
$0Estimated Equity
-158% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$558 /month
Positive
Cash Flow Estimate:
$186 /month

Interested in this property?

Donavon Earl

D.E. The Home Boss Group LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$195/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,875
$93,068
2025
$5,507
$87,561
$93,068
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,875
$93,068

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Bank
Commercial
$240,000
No
First
Sep 22, 2017
Sep 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,588
N/A
0%
212%
$1,439/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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1920 E 2nd St | Property Details | No Agent List