Two-Office Brick Office
For Sale
$315,000
1050 N Dixie Blvd, Odessa, TX 79761
SINGLE_FAMILY - Odessa, TX
Property Size1,085 SF
Lot Size0.22 Acres
Price / SF$290.32
Days on Market22
Property Features for 1050 N Dixie Blvd
General Information
Property type
Residential
Property subtype
Office
Parking
12
Subdivision
Park Place Addn
Lot features
Corner Lot
Standard status
Active
APN
23400.00980.00000
Size
1,085 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2066
Utilities
Utilities
Cable Available
Building Details
Year built
1986
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Tammy New
(432) 559-4850
Added: Jul 14
Changed: Jul 27
Last Checked: Aug 4 at 12:06PM
MLS# 175571
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,085-square-foot office building at 1050 N Dixie Blvd features two large offices within a functional layout. The 1986 property is constructed with brick and has a composition roof, with cable available. On-site parking serves clients and staff.
The property occupies 0.22 acres along N Dixie Blvd in Odessa, Texas. Its position along the street provides direct access and visibility, while the existing office configuration supports straightforward commercial occupancy.
The property occupies 0.22 acres along N Dixie Blvd in Odessa, Texas. Its position along the street provides direct access and visibility, while the existing office configuration supports straightforward commercial occupancy.
Key Highlights
- 1,085‑square‑foot office building on 0.22 acres
- Two large offices in a functional layout
- Brick construction completed in 1986
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.8k | $21.00 |
| − Vacancy | −$3.5k | −$3.26 |
| EGI | $19.3k | $17.75 |
| − OpEx | −$4.8k | −$4.44 |
| NOI | $14.4k | $13.31 |
1,085 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.58M
$1.38M – $1.84M
NOI $110,414 @ 7.0% cap · market cap 35.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The building provides two large offices, on-site parking, and a functional commercial layout.
Where is this office building located?
The property is located at 1050 N Dixie Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,085‑square‑foot office building on 0.22 acres; Two large offices in a functional layout; Brick construction completed in 1986
