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$52,677

201-219 W 1st St, Odessa, TX, 79761

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths11,372 Sq Ft
price_per_sqft$36.27 / sqft
Year BuiltBuilt in 1983

About this property

Situated parallel to 1st Street this property features two metal buildings with a combined total of over 11,000 sq ft. The larger building includes a versatile space with around 7,000 sq ft of warehouse, 2,000 sq ft of office, and an additional 1,500 sq ft of mezzanine storage. The shop is equipped with a 5-ton crane and a 16' x 14' automatic overhead door. The second building is an 1,800 sq ft warehouse. The property has an active railroad directly behind it. The land is owned by the railroad.

Investor Tools

Property Icon
$52,677
Estimated Property Value
$0Estimated Mortgage Balance
$52,677Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,475 /month
Positive
Cash Flow Estimate:
$825 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$114/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,110
$52,677
2025
N/A
$52,677
$52,677
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,110
$52,677

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$52,677
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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201-219 W 1st St | Property Details | No Agent List