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$810,000

6523 N Sparta Avenue, Odessa, TX, 79764

On MarketInfo
CommercialInfo
Beds3 Beds
Baths3 Bath
Baths11,812 Sq Ft
IndustrialIndustrial
price_per_sqft$68.57 / sqft
Year BuiltBuilt in 1981

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
FlooringConcrete

Exterior

Lot Size1.16 acres

Building Information

Year Built1981
Garage Spaces14

Land Information

APN05680.00394.00000
Lot Number1-2
SubdivisionChaparral Estates
Land UseResidential
Legal DescriptionCHAPARRAL ESTATES BLOCK 12 LOTS 1 & 2
Census Tract002701
Assessed Land Value$40,479
Assessed Improvement Value$391,208
Assessment Year2025

About this property

OUTSIDE THE CITY LIMITS IN WEST ODESSA! This multi-use property outside the city limits of Odessa is the perfect property to live, work, and play! Leave behind the hustle and bustle and city traffic. This West Odessa property is located just outside the city limits in the growing West Odessa community. Currently, the owner lives in the immaculate 3-bedroom, 2-bath home with exquisite finishings and noteable pride-of-ownership and care throughout which sits on 1.161 acres fully secured by metal perimeter fencing and an automatic gate. The owner's fabrication shop and offices are also on premises. The other buildings on the property include the attached 30' x 30' carport spanning between house and shops; the 40' x 80' shop with full bathroom; a 50' x 80' spray-foamed shop with 22' walls, 3-ton hoist, four offices, half bath, balcony overlooking the property and a fully functional breakroom; a 20' x 20' well house; the 20' x 50' insulated storage shop for a travel trailer or play or work vehicles; a 35' x 50' lean-to for extra covered space; and a RV hookup. This rare combination of a turnkey, refined home and heavy-duty commercial shop space makes this property ideal for entrepreneurs, contractors, hobbyists, or anyone who wants professional-grade facilities and office space. Schedule a showing today.

Investor Tools

$185,889Estimated Mortgage Balance
$616,111Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,860 /month
Positive
Cash Flow Estimate:
$1,620 /month

Interested in this property?

Deborah May

Clements, REALTORS®

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$902/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,819
$431,687
2025
$40,479
$391,208
$431,687
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,819
$431,687

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Heritage Cu
Credit Line (Revolving) / Heloc
$216,000
No
First
May 14, 2019
Jun 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,889
$616,111
76%
23%
$1,296/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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