Office Units with Fenced
For Sale
$799,900
3130 W Eben Rd, Odessa, TX 79766
Commercial Sale, Odessa, TX
Property Size2,500 SF
Lot Size3.36 Acres
Price / SF$319.96
Days on Market384
Property Features for 3130 W Eben Rd
General Information
Property type
Residential
Property subtype
Office
Fencing
Fenced
Appliances
Individual AC Units, Individual Heating Units
Subdivision
Sterling Park Third Filing
Standard status
Active
APN
99200.44521.00000
Size
2,500 SF
Lot size
3.36 Acres
Taxes and HOA fees
Tax Annual Amount
1324
Utilities
Sewer type
Private Sewer
Water source
Well
Building Details
Year built
2019
Building materials
Metal Construction, Metal Siding, Metal Studs
Roof type
Metal
Listing Agency:
Heritage Real Estate
(432) 701-0550
Listed By:
Sara Maxwell · License #0799497
(432) 227-1842
Added: Aug 20, 2025
Changed: Aug 20
Last Checked: Sep 7 at 10:06PM
MLS# 162500
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 2,500-square-foot office property was built in 2019 with metal construction, metal siding, metal studs, and a metal roof. The improvements include individual AC units and individual heating units, providing separate climate-control systems for the office areas. The site is fenced and supported by a private well and private sewer system.
Located at 3130 W Eben Rd in Odessa, Texas, the property occupies 3.36 acres in Ector County. The existing occupancy is supported by a 3-year lease term, offering an established operating arrangement for an owner-user or investor evaluating the asset.
Located at 3130 W Eben Rd in Odessa, Texas, the property occupies 3.36 acres in Ector County. The existing occupancy is supported by a 3-year lease term, offering an established operating arrangement for an owner-user or investor evaluating the asset.
Key Highlights
- 2,500 SF office property completed in 2019
- 3.36‑acre parcel at 3130 W Eben Rd, Odessa, TX 79766
- Metal construction with metal siding, metal studs, and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,440
$665.4K
Cap Rate 7%
$475,314
$475.3K
Cap Rate 9%
$369,689
$369.7K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$52.5K $21.00/SF
− Vacancy
−$8.1K −$3.26/SF
EGI
$44.4K $17.75/SF
− OpEx
−$11.1K −$4.44/SF
NOI
$33.3K $13.31/SF
Area
Odessa, TX
Vacancy
15.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,440
Cap Rate 7%
$475,314
Cap Rate 9%
$369,689
Alternative Uses
Best Use
Flex RnD
$3.63M
$3.18M – $4.24M
NOI $254,411 @ 7.0% cap · market cap 31.81%
Second Best
Industrial
$2.12M
$1.85M – $2.47M
NOI $148,365 @ 7.0% cap · market cap 18.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 79766, TX
9,688
Population
3,516
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
58%
High-School Grad
305.0 sq mi
ZIP Area
32
Density / Sq Mi
$70,965
Median Household Income
$41,913
Median Earnings
$1,100
Median Rent
$151,200
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 units - Metal office improvements on a secured commercial parcel with individual climate control and private utility systems.
Where is this office units located?
The property is located at 3130 W Eben Rd Odessa, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,500 SF office property completed in 2019; 3.36‑acre parcel at 3130 W Eben Rd, Odessa, TX 79766; Metal construction with metal siding, metal studs, and metal roof
