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Days50Days on Market
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$2,523,000

3100 Mercedes Ave, Odessa, TX, 79764

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size103.74 acres

Land Information

APN42240.00581.00000
Land UseAgriculture / Farming
Legal DescriptionT-2-S BLK 42 SEC 18 (CARD #43) & (CARD #44) FOSTER PLANT
Census Tract002701
Assessed Land Value$51,870
Assessment Year2025

About this property

The Old Foster Gas Plant served its Purpose & Now its Ready for a new use. 100% Owned Minerals (believed by seller) & Surface 100 plus acres just off West Loop 338, W University Ave or FM 2020, & Kermit Hwy 302, with 2200' feet of Paved Frontage on Mercedes under 3 miles from I-20. No residential use can be used for storage, large yard, overflow, Truck Parking, Motorsport Track, Driving Range Mini Golf, Ect. You will Not Find a Buy like this Anywhere!!! Surface & Minerals sold Together

Investor Tools

$0Estimated Mortgage Balance
$51,870Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,138 /month
Positive
Cash Flow Estimate:
$5,046 /month

Interested in this property?

Thomas Johnston

The Real Estate Ranch LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$93/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$851
$51,870
2025
$51,870
N/A
$51,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$851
$51,870

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$51,870
100%
0%
$0/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.

Explore Texas Explore This Area
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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