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West Odessa, TX Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in West Odessa, Texas Market population: 22K. Compare commercial properties across all major asset classes...

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12 properties found
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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For West Odessa TX Properties: 1.6500%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For West Odessa TX

Common questions from investors exploring commercial real estate in West Odessa TX.

What is the overall investment potential of West Odessa, TX, considering its demographics and economy? +
West Odessa's median household income of $51,443, combined with a poverty rate of 15.8% and a health insurance coverage rate of 68.3%, suggests a working-class market with some employment stability. The city's top industries, including Public Administration and Construction, indicate a diverse economy, while its ethnic diversity, with 38.7% White and 34.4% Hispanic populations, contributes to a vibrant cultural scene.
How does the city's commute time and transportation infrastructure impact its attractiveness to renters and investors? +
The average commute time of 28.9 minutes in West Odessa, with top commute methods including driving alone, carpooling, and working from home, indicates a relatively manageable commute. This, combined with the city's health insurance coverage rate and low poverty rate compared to other areas, suggests a stable and attractive market for renters and investors.
What role do the top industries and occupations play in shaping the local real estate market and demand for housing? +
The top industries in West Odessa, including Public Administration, Construction, and Transportation & Warehousing, & Utilities, contribute to a diverse economy and demand for housing. The presence of office and administrative support occupations, sales and related occupations, and management occupations also indicates a strong white-collar workforce, which can drive demand for rental properties and support local real estate investment.
How does the city's ethnic diversity and foreign-born population impact its cultural and economic landscape, and what opportunities does this present for investors? +
West Odessa's ethnic diversity, with significant White, Hispanic, and White Non-Hispanic populations, contributes to a rich cultural scene and a potentially vibrant local economy. The 20.1% foreign-born rate also suggests a V-shaped demographic, with opportunities for investors to cater to the needs of a diverse population, including international students, young professionals, and families.
What are the key factors that investors should consider when evaluating the potential for property appreciation and rental yields in West Odessa, TX? +
Investors should consider the median property value of $62,400, median property taxes of $5,782, and a homeownership rate of 78.6% when evaluating the potential for property appreciation. Additionally, the city's poverty rate, health insurance coverage, and commute time can impact rental yields, while the top industries and occupations can drive demand for housing and support local real estate investment.

West Odessa TX Real Estate & City Facts

Key facts and real estate information about West Odessa TX.

What are some of the best neighborhoods to live in West Odessa? +
Some of the best neighborhoods to live in West Odessa include Westside, Polyantha, and Yukon Ridge subdivision. These neighborhoods offer a suburban feel with a mix of homeowners and renters, and are considered to be nice areas with a strong sense of community.
What are some fun things to do in West Odessa? +
There are plenty of fun things to do in West Odessa, including visiting the Chris Kyle 'American Sniper' Memorial, the Stonehenge Replica, and the Ellen Noel Art Museum. You can also explore the many parks in the area, such as Comanche Trail Park, which has a 3.2-mile walking/biking trail and three disc golf courses. Additionally, you can check out the local eateries and shops in the area.
What is the food scene like in West Odessa? +
The food scene in West Odessa is diverse and offers a range of options, from Mexican cuisine at Maria's Mexican Kitchen and La Salsita Pinchi, to barbecue at Brantley Creek BBQ & Co. You can also find great coffee at 7 Brew Coffee, and delicious pastries at Great American Cookies. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in West Odessa? +
The pros of living in West Odessa include its suburban feel, nice neighborhoods, and plenty of outdoor recreational opportunities. However, some cons include the fact that it is a smaller city, and some residents may find the job market limited. Additionally, the city has a higher poverty rate and lower median household income compared to other cities in the state. Overall, West Odessa is a great option for those looking for a smaller, more affordable city with a strong sense of community.
Is West Odessa a good place to live? +
West Odessa can be a good place to live for those who value a suburban feel, outdoor recreational opportunities, and a strong sense of community. While it may have some drawbacks, such as a limited job market and higher poverty rate, the city has a lot to offer, including nice neighborhoods, plenty of parks, and a diverse food scene. Ultimately, whether or not West Odessa is a good place to live depends on your individual priorities and preferences.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For West Odessa TX Commercial Property: $51,443

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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