D AEE Odessa, Texas | Ector County PAD SITES AVAILABLE · 2019-08-29 · D AEE PAD SITES AVAILABLE...

191 & COLORADO AVENUE PAD SITES AVAILABLEOdessa, Texas | Ector County

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017

Edward [email protected] x 102

David Davidson, [email protected]

214.526.3626 x 101


DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained

in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018

SIZE:

Multi-Family (MF-1) and Future Development (FD)ZONING:

Available to siteUTILITIES:

PROPERTY OVERVIEW±80 Acres

TRAFFIC COUNTS: 191:Faudree Road:

36,840 VPD ‘1613,966 VPD ‘16

2019 Population 1 Mile: 3,4432019 Population 2 Mile: 11,7462019 Population 3 Mile: 21,962% Proj Growth 2019-2024 1 Mile: 18.9% Proj Growth 2019-2024 2 Mile: 16.5% Proj Growth 2019-2024 3 Mile: 12.4Total Daytime Population 1 Mile: 5,037Total Daytime Population 2 Mile: 12,118Total Daytime Population 3 Mile: 26,682Total Daytime Employees 1 Mile: 3,583Total Daytime Employees 2 Mile: 7,525Total Daytime Employees 3 Mile: 18,2692019 Median HH Income 1 Mile: $80,1462019 Median HH Income 2 Mile: $81,2512019 Median HH Income 3 Mile: $73,1722019 Average HH Income 1 Mile: $102,5062019 Average HH Income 2 Mile: $103,8722019 Average HH Income 3 Mile: $94,243Median Home Value 1 Mile: $340,299Median Home Value 2 Mile: $333,862Median Home Value 3 Mile: $298,579

DEMOGRAPHICS:




1 Mile Ring3.14 SQ/MI



2019 Population 3,443 11,746 21,962

% Proj Growth 2019 - 2024 18.9% 16.5% 12.4%

2019 Total Daytime Population 5,037 12,118 26,682

2019 Daytime Employees 3,583 7,525 18,269

2019 Median Household Income $80,146 $81,251 $73,172

2019 Average Household Income $102,506 $103,872 $94,243

2019 Median Home Value $340,299 $333,862 $298,579

MF-1

R

SPD

FD

PD-R

O

MF-1

FD

FD

LC

SF-1

MF-1

MF-1-DR

FD

LC

4 -54 -5

2 -32 -3

2 -52 -5

5950

-599

9

5950

-599

9

7200

-725

1

7200

-725

172

52-7

299

7252

-729

9

3900 -4099

3900 -4099

8-99

8-99

5600-5699

5600-5699

6 -996 -99

7000 -70997000 -7099

7000

-709

9

7000

-709

9

3900 -4099

3900 -4099

5900

-594

9

5900

-594

9

7800

-799

5

7800

-799

5

2 -52 -5

2 -32 -3

4100 -4199

4100 -4199

7100

-779

9

7100

-779

9

6900 -69996900 -6999

7400

-789

9

7400

-789

9

5700-5999

5700-5999

77220000 --77889999

7100

-779

9

7100

-779

978

00-7

995

7800

-799

578

00-7

899

7800

-789

9

7000

-709

9

7000

-709

9

6904

-709

9

6904

-709

969

04-7

099

6904

-709

9

7000

-7099

7000

-7099

4200-5599

4200-5599

7100 -71997100 -7199

7000

-739

9

7000

-739

9

7000

-789

9

7000

-789

9

Firenze St

Diais Cir

Roma St

Terra Way

Oporto St

Om

icaDr

Moon Chase Dr

Diais Vi

s

Windchase St

PonderosaD

r

Tres

Herm

anas

Blvd

Parks Legado Rd

E5 6 t h

S t

E5 6 t h

S t

Bi l l y

he

xt

Rd

Bi l l y

he

xt

Rd

E 5 6 t h S tE 5 6 t h S t

City Limits

1 inch = 400 feet§




HWY 191

DRILL SITE

DRILL SITE

+/-27.27 AC MF

+/-9.47 AC

300'

222'

400'

400'

75'

435'

PROPOSEDMULTI-FAMILY

+/-12.97 AC MF

560'

+/-5.4 AC R.O.W.

405'

205'

200'

PAD+/-1.01 AC

PAD+/-1.06 AC

PAD1.1 AC

PAD1.1 AC

PAD1.1 AC

PAD1.1 AC

PAD1.1 AC

PAD1.1 AC

PAD1.17AC

160'160'160'160'160'160'170'

672'

705'

RETAIL

1,130'

1,216'

203'

126'

1,530

'

1,08

0'87

0'

430'

Davidson & Bogel Real Estate Scale: NTS

NORTH

HWY 191 Odessa, TX SP-02Date: 01.17.18

PROPOSEDMULTI-FAMILY




RETAIL

The following uses are allowed in the Retail (R) District:

PRIMARY RESIDENTIAL USES (7-102)

Single Family Dwelling DetachedSingle Family Dwelling AttachedTwo-Family Dwelling (Duplex)Three or Four Family DwellingMultiple-Family Dwelling (Apartment)Residence Home for the ElderlyHousing, Special Arrangement and TypesHotel or Motel

ACCESSORY AND INCIDENTAL USES (7-103)

Accessory Building or Use (Residential)Accessory Building or Use (Business or Industry)Beauty Shop -- One Chair Accessory UseGarage or Estate Sale Accessory UseHome OccupationOff-Street Parking Required for Primary UseOff-Street Parking Excess to Minimum RequirementSwimming Pool (Private)Temporary Field Office, Construction Yard or Office (Subject to temporary permit issued by Building Official)

UTILITY AND SERVICE USES (7-104)

Electrical Energy Generating Plant (by Specific Use Permit)Electrical Substation (High Voltage Bulk Power)Electrical Transmission Line (High Voltage)Fire Station or Similar Public Safety BuildingGas Line and/or Regulating StationLibrary, PublicLocal Utility LineMunicipal Office Building or City HallPublic Building, Shop or Yard of Local, State or Federal AgencyWireless Communications Systems (by Specific Use Permit)Radio, Television or Microwave TowerRadio or Television Transmitting StationSewage Pumping StationStorm Water Retention Basin or Pumping StationTelephone Business OfficeTelephone Exchange--Switching, Relay or Transmitting Station OnlyWater Reservoir, Water Well or Pumping StationWater Stand Pipe and Elevated Storage TankWater Treatment Plant

RECREATIONAL AND ENTERTAINMENT USES (7-105)

Amusement, Commercial (Indoor)Country Club (Private)Dance Hall or Night Club (by Specific Use Permit)Golf Course (Commercial) (by Specific Use Permit)Park or Playground (Public)Park or Playground (Other Than Public)Playfield or Stadium (Public)Private Club (by Specific Use Permit)

Roller or Ice Skating Rink (by Specific Use Permit)Swim or Tennis ClubSwimming Pool or Tennis Complex (Commercial) (by Specific Use Permit)Tavern or Lounge (by Specific Use Permit)Theater or Playhouse (Indoor)

EDUCATIONAL, INSTITUTIONAL & SPECIAL USES (7-106)

Art Gallery or MuseumCemetery or Mausoleum (by Specific Use Permit)Church or RectoryCollege or UniversityConvent or MonasteryDay Care CenterFraternal Club or LodgeHome for Senior Citizens or Nursing HomeHospital, Acute CareHospital, Chronic CareInstitution or Center for Alcoholic, Narcotic or Psychiatric PatientsInstitution of Religious, Charitable or Philanthropic NatureInstitutional Out-Patient Medical ClinicKindergarten or Nursery SchoolSchool, BusinessSchool, Public or Denominational

AUTOMOTIVE & TRANSPORTATION RELATED USES (7-107)

Auto Glass, Seat Cover or Muffler ShopAuto Laundry or Car WashAuto Parts and Accessory Sales (Indoor)Bicycle Sales and ServiceGasoline SalesGasoline or Motor Fuel Service StationHelistop (by Specific Use Permit)New Auto Display and Sales (Indoor)Parking Lot or Structure Commercial (Primary Use) (by Specific Use Permit)Parking Lot or Structure Non-CommercialRailroad Track or Right-of-WayRepair Garage (by Specific Use Permit)

RETAIL AND SERVICE TYPE USES (7-108)

Antique ShopArt Supply StoreBakery or Confectionery Shop (Retail)Bank or Savings and Loan OfficeBook or Stationery ShopCleaning and Pressing, Small Shop and Pick-UpClinic, Medical or DentalCustom Personal service ShopDepartment, Variety or Discount StoreDrapery, Needlework, Fabric or Weaving ShopDrug Store or PharmacyFlorist or Garden ShopFood and Beverage SalesFurniture or Appliance StoreGreenhouse or Plant Nursery (Retail Sales)Hardware StoreHousehold Appliance Service or RepairIncidental or Accessory Retail or Service Use

Key ShopLaboratory, Medical or DentalLaundry and Cleaning Shop (Self Service)Medical Appliances and Fitting, Sales or RentalMortuary or Funeral HomeOffice, General Business or ProfessionalPet GroomingPet ShopReprographic ServiceRestaurant or Cafeteria (Not Drive-In) (With Dining Room)Retail Shop, Apparel, Gifts, Accessories and Similar ItemsRetail Shop or Store (General Items)Sales, Outdoor TemporaryStudio -- Decorator, Artist or PhotographerStudio, Health, Exercise and ReducingStudio -- Music, Dance or DramaTool Rental, Domestic, Small EquipmentTravel Bureau or Travel ConsultantVeterinarian Hospital (Indoor Animal Pens)Veterinarian Office Only (No Animal Pens)

SIGN AND IDENTIFICATION USES (7-109) (see Section 12-101)

Apartment or Housing Project Identification SignApartment or Housing Project Informational SignConstruction Sign TemporaryDevelopment Sign TemporaryGeneral Business SignInstitutional Identification SignInstitutional Information SignName PlateOffice Identification SignReal Estate Sign (Temporary)

COMMERCIAL TYPE USES (7-110)

Building Material and Home Supply Sales (Indoor Storage)Laboratory, Scientific or ResearchMini-Warehouse (by Specific Use Permit)

AGRICULTURAL TYPE USES (7-111)

Greenhouse or Nursery (Commercial)

NATURAL RESOURCE STORAGE AND EXTRACTION (7-112)

Petroleum or Gas Well (permitted in any district carrying Drill Reservation “DR” suffix subject to Oil and Gas Ordinance)

SPECIAL INDUSTRIAL PROCESSES (7-113)

Asphalt or Concrete Batching Plant (Temporary) (by Specific Use Permit)




MULTIPLE FAMILY RESIDENCE-1

The following uses are allowed in the Multiple Family Residence-1 (MF-1) District:

PRIMARY RESIDENTIAL USES (7-102)

Single Family Dwelling DetachedSingle Family Dwelling AttachedTwo-Family Dwelling (Duplex)Three or Four Family DwellingMultiple-Family Dwelling (Apartment)Residence Home for the Elderly (by Specific Use Permit)Housing, Special Arrangement and Types

ACCESSORY AND INCIDENTAL USES (7-103)

Accessory Building or Use (Residential)Beauty Shop -- One Chair Accessory Use (by Specific Use Permit)Garage or Estate Sale Accessory UseHome OccupationOff-Street Parking Required for Primary UseSwimming Pool (Private)Temporary Field Office, Construction Yard or Office (Subject to temporary permit issued by Building Official)

UTILITY AND SERVICE USES (7-104)

Electrical Substation (High Voltage Bulk Power) (by Specific Use Permit)Electrical Transmission Line (High Voltage)Fire Station or Similar Public Safety BuildingGas Line and/or Regulating StationLibrary, Public (by Specific Use Permit)Local Utility LineMunicipal Office Building or City Hall (by Specific Use Permit)Sewage Pumping StationStorm Water Retention Basin or Pumping StationTelephone Exchange--Switching, Relay or Transmitting Station OnlyWater Reservoir, Water Well or Pumping StationWater Stand Pipe and Elevated Storage Tank

RECREATIONAL AND ENTERTAINMENT USES (7-105)

Country Club (Private) (by Specific Use Permit)Golf Course (Commercial) (by Specific Use Permit)Park or Playground (Public)Park or Playground (Other Than Public) (by Specific Use Permit)Playfield or Stadium (Public) (by Specific Use Permit)Private Club (by Specific Use Permit)Swim or Tennis Club (by Specific Use Permit)Zoo (Public) (by Specific Use Permit)

EDUCATIONAL, INSTITUTIONAL & SPECIAL USES (7-106)

Cemetery or Mausoleum (by Specific Use Permit)Church or RectoryCollege or UniversityCommunity Center (Public)Convent or MonasteryDay Care CenterHome for Senior Citizens or Nursing Home (by Specific Use Permit)

Hospital, Acute Care (by Specific Use Permit)Hospital, Chronic Care (by Specific Use Permit)Institution of Religious, Charitable of Philanthropic Nature (by Specific Use Permit)Kindergarten or Nursery School (by Specific Use Permit)School, Public or Denominational

AUTOMOTIVE & TRANSPORTATION RELATED USES (7-107)

Helistop (by Specific Use Permit)Railroad Track or Right-of-Way

SIGN AND IDENTIFICATION USES (7-109) (see Section 12-101)

Apartment or Housing Project Identification SignApartment or Housing Project Informational SignConstruction Sign TemporaryDevelopment Sign TemporaryInstitutional Identification SignInstitutional Information SignName PlateReal Estate Sign (Temporary)

AGRICULTURAL TYPE USES (7-111)

Farm, Garden or Orchard

NATURAL RESOURCE STORAGE AND EXTRACTION (7-112)

Petroleum or Gas Well (permitted in any district carrying Drill Reservation “DR” suffix subject to Oil and Gas Ordinance)

SPECIAL INDUSTRIAL PROCESSES (7-113)

Asphalt or Concrete Batching Plant (Temporary) (by Specific Use Permit)




Midland tops U.S. housing markets thanks to Permian Basin oil boom

A Texas city has landed atop a list of the country’s hottest housing markets.

But the boomtown isn’t Dallas, Austin or Houston.

The West Texas oil patch town of Midland is the top U.S. home market in Realtor.com’s ranking for May. With the energy industry rebound, housing demand in the Permian Basin has surged in the last year.

A Midland home took a median of only 28 days to sell.

Until recently, California cities dominated Realtor.com’s monthly hot housing report.

“The California housing market has been hot for a long time — but may be too hot,” Javier Vivas, director of economic research for Realtor.com, said in the report. “Our May hotness index further confirms we’re seeing that as prices in California continue to soar, people are increasingly looking elsewhere.

“As we continue into what we expect to be the hottest home-buying season in history, look for a wide variety of locales to remain red-hot.”

Other smoking home markets on Realtor.com’s list include Boston, Columbus, Ohio, and Buffalo, N.Y.

Odessa, another oil town and Midland’s neighbor, ranked 17th and Dallas-Fort Worth was 19th among the country’s 20 hottest housing metros.

Realtor.com says median home sales listing prices nationwide were up 8 percent year over year in May.

Across the country, 557,000 home listings hit the market in May. That’s the largest number in one month since July 2015.

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Date

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626

Michael Edward Bogel II 598526 [email protected] 214-526-3626

David Davidson JR. 593731 [email protected] 214-526-3626

N/A N/A N/A N/A

D AEE Odessa, Texas | Ector County PAD SITES AVAILABLE · 2019-08-29 · D AEE PAD SITES AVAILABLE...

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