Odessa, TX
Commercial Real Estate Market Trends & Data

$180 Avg asking sale price
$1,851 Avg asking lease rate
25,066 SF Avg unit lease size
19,318 SF Avg building size for sale
8.38% Average cap rate

Odessa's Demographic Profile

Odessa has 41,682 households and a median income of $62,135, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 115,630
# Households 41,682
Median age 33
Median household income $62,135
Avg household size 3.0
Renter-occupied housing units 15,339
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Odessa, TX

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Odessa $132 18,495 SF 10.05%
Midland $217 13,918 SF 10.50%
Andrews $90 41,720 SF 10.48%
Nearby Retail Markets Avg Cost/SF Typical Size
Odessa $295 12,662 SF
Midland $556 7,032 SF
Andrews $1,338 1,473 SF
Eunice $115 10,431 SF
Seminole $299 1,860 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Odessa $177 51,883 SF 13.57%
Midland $159 54,818 SF 12.06%
Pecos $107 9,220 SF 8.00%
Big Spring $97 9,758 SF 6.70%

Commercial Properties For Sale in Odessa

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

7200 E Highway 191

Odessa, TX 79765

  • 0.92 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

Flex/Warehouse Property For Sale or Lease

Midland, TX 79706

  • 32,653 SF Office Building
  • $3,500,000
For Sale

509 Madrid Rd

Odessa, TX 79766

  • 12,900 SF Industrial Building
  • $1,500,000
For Sale

Rose Build

Odessa, TX 79763

  • 18,732 SF Industrial Building
  • $2,091,768
For Sale

2607 Holdridge Rd

Midland, TX 79707

  • 8,750 SF Industrial Building
  • 9.50% Cap Rate
  • $1,742,105
For Sale

Retail Development Pad

Odessa, TX 79762

  • 0.72 AC Lot
  • 1 Commercial Lot
  • $750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Odessa pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Odessa $180 19,318 SF
Gardendale $96 26,917 SF
Midland $291 15,348 SF

Regional Demographic Comparison

This comparison places Odessa alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Odessa or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Midland 137,689 50,155 34 $84,247 3 17,043 3%
Thorntonville 568 212 38 $74,443 3 49 -9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Odessa, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Odessa

View All Commercial Real Estate For Sale in Odessa
Is Odessa a good market for a first-time commercial real estate investor?

Odessa offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Odessa?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Odessa. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Odessa?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Odessa. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Odessa compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Odessa. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Odessa acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Odessa, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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