Odessa, Texas Commercial Real Estate Market Report

The Odessa, Texas commercial real estate market currently features 192 active listings on Commrty, all of which are available for sale. This entire inventory reflects new additions to the platform over the last 90 days, with no new listings added within the most recent 30-day window. Activity has been measured, as evidenced by only two properties being sold or leased within the past 180 days. This current selection represents a broad range of opportunities for stakeholders looking to enter or adjust their holdings in this energy-focused West Texas regional hub. Pricing for these active listings spans from $6,750 to $13 million, with a median asking price of $425,000 for the 127 listings that have disclosed a value. Among the listings providing financial metrics, the median advertised cap rate stands at 7.13%. These figures provide a baseline for investors evaluating the current risk-adjusted returns available across the local commercial landscape. The inventory is heavily weighted toward land assets, which account for 97 of the total listings, followed by 51 retail properties and 22 industrial sites. The balance consists of 11 office properties, 8 special purpose assets, 2 multifamily properties, and one self-storage facility. This composition suggests a market primarily focused on land development and service-oriented commercial infrastructure, catering to businesses and investors aligned with the unique economic character of the Permian Basin.