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Days495Days on Market
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$1,500,000

521 S Grandview Ave, Odessa, TX, 79761

On MarketInfo
CommercialInfo
Baths20,382 Sq Ft
Office/WarehouseOffice/Warehouse
price_per_sqft$73.59 / sqft
Year BuiltBuilt in 1972

Exterior

Lot Size2.30 acres

Building Information

Year Built1972

Land Information

APN29300.00132.00000
Lot Number13-14
SubdivisionSoutheast Indust Sites
Land UseIndustrial
Legal DescriptionSOUTHEAST INDUST SITES BLOCK 2 LOTS 13 & 14
Census Tract002300
Assessed Land Value$64,000
Assessed Improvement Value$713,025
Assessment Year2025

About this property

LEASE OPTION AVAILABLE!!! Well-located office/warehouse with easy access to I-20. Property features approximately 6,200 SF of office space and 14,182 SF of warehouse space on a 10”–12” concrete foundation. Warehouse includes four 10'x17' loading dock doors, one 15'x11' overhead door, 3-phase electrical, and three 5-ton A/C units. Shop area offers multiple separated, multi-use spaces. Railroad access with rail spur located directly behind the warehouse, ideal for logistics or industrial users.

Investor Tools

Property Icon
$777,025
Estimated Property Value
$65,000Estimated Mortgage Balance
$672,675Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

Interested in this property?

Pamela Mendoza

Beyond Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,661
$777,025
2025
$64,000
$713,025
$777,025
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$15,661
$777,025

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aimbank
Open End Mortgage / Open End With Future Advance Clause
$65,000
No
First
Feb 28, 2017
Feb 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,581
$724,444
93%
7%
$390/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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521 S Grandview Ave | Property Details | No Agent List