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901 W 3rd St

5,000 SF Industrial Building Odessa, TX 79763 $595,000 ($119/SF) 10.08% Cap Rate

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Investment Highlights

1,905 SF (Office) | 3,095 SF (Shop)
(2) 12'x12' OH Doors
*Current Tenant leased until October 31, 2026

(3) Offices | Reception Area | Conference Room | (2) Restrooms
Heated/Cooled Shop
CAP RATE: 10.08%

Executive Summary

This newly renovated property totals 5,000 SF under roof on .42 Acres. There is 1,905 SF of office space comprised of (3) private offices, reception area, conference room, (2) restrooms and a work room. The heated and cooled shop is 3,095 SF featuring (2) 12’x12’ OH doors. The current tenant, Trigon Industries, supplies CNC machinery tools for the oil and gas industry and is leased through October 2026. The site is well suited for a service company and is positioned in a dense industrial area with nearby industrial tenants such as Jet Specialty, Standard Industrial Manufacturing and Abbott’s Oilfield Supply.
Located at the Southwest hard corner of W. 3rd Street and Bernice Ave in Odessa, TX. This prime location offers easy access to Business 20 (W. 2nd Street) and N County Rd W.

901 W 3rd Street FLYER

Property Facts

Price	$595,000	Building Class	C
Price Per SF	$119	Lot Size	0.42 AC
Sale Type	Investment	Rentable Building Area	5,000 SF
Cap Rate	10.08%	No. Stories	1
Property Type	Industrial	Year Built/Renovated	2014/2023
Property Subtype	Warehouse Industrial Service	Tenancy	Single

Price	$595,000
Price Per SF	$119
Sale Type	Investment
Cap Rate	10.08%
Property Type	Industrial
Property Subtype	Warehouse Industrial Service
Building Class	C
Lot Size	0.42 AC
Rentable Building Area	5,000 SF
No. Stories	1
Year Built/Renovated	2014/2023
Tenancy	Single