11008 West County Road 128 — Sale in Odessa, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Odessa, TX 79765
  • Year built: 1982

Investment Figures

Cap rate
9.46%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The property is a vacant 7,812-square-foot industrial asset situated on 1.05 acres. It features metal construction and has three grade doors, which provide easy access for loading and unloading. The property also boasts two and five-ton cranes, as well as a heavy machinery maintenance pit, making it an ideal space for industrial operations. The metal construction and functional features of the property make it a great fit for a variety of owner uses. With its versatile layout and functional features, the property is also a prime candidate for a value-add investment opportunity. The property's location and features make it a rare find in the current market. Its vacant status allows for immediate occupancy or renovation. The property's location along Interstate 20 provides ease of access and excellent visibility. The surrounding area has limited industrial availability, with only two other industrial buildings available for lease within a one-mile radius at the time of listing. This limited availability, combined with the property's functional features, makes it an attractive option for businesses looking for a convenient and accessible location. The property's proximity to the interstate also makes it an ideal location for logistics and distribution operations. The current market conditions in the Odessa area, with a low vacancy rate and limited new construction, make the property an even more desirable option. The property's location and features make it a great fit for a variety of industrial uses. The area's limited availability and the property's accessibility make it a prime location for businesses. The current market metrics in the Odessa area indicate a strong demand for industrial space, with a vacancy rate of 8.7% and annual rent growth of -0.2% as of 2025. With only 101,000 square feet of new construction underway at the start of 2026, the property is well-positioned to capitalize on the limited availability of industrial space in the area. The property's v

Market Context

This industrial in Odessa, TX is listed for sale. It is offered at an approximate 9.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1982. It has been on the market for 101 days. Compare it against other industrial listings for sale in Odessa, TX — view the full market.

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