Furnished Flex Building with
For Sale
$1,750,000
3670 N Moss Ave, Odessa, TX 79764
SINGLE_FAMILY - Odessa, TX
Property Size7,500 SF
Lot Size4.71 Acres
Price / SF$233.33
Days on Market32
Property Features for 3670 N Moss Ave
General Information
Property type
Residential
Property subtype
Office
Fencing
Fenced, Chain Link
Appliances
Individual AC Units
Subdivision
West Ridge
Standard status
Active
APN
35500.00441.00000
Size
7,500 SF
Lot size
4.71 Acres
Taxes and HOA fees
Tax Annual Amount
2600
Amenities
conference rooms
kitchen
Building Details
Year built
2023
Floors in Building
2
Building materials
Concrete, Metal Construction, Metal Siding
Roof type
Metal
Listing Agency:
D.E. The Home Boss Group LLC
(432) 230-3432
Listed By:
Angie Garcia · License #0842770
(432) 208-2619
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 13 at 8:06AM
MLS# 173061
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 7,500-square-foot flex property occupies 4.71 acres and was built in 2023. The furnished interior includes seven individual offices, two conference rooms, a kitchen, storage space, and a mechanic shop. A 10-man camp and large parking area add to the property's range of functional improvements.
The building uses concrete and metal construction with metal siding, a metal roof, individual AC units, and chain-link fencing around the site. Its configuration supports the trucking, mechanic shop, venue, restaurant, and gym uses identified in the property information, subject to applicable approvals.
The building uses concrete and metal construction with metal siding, a metal roof, individual AC units, and chain-link fencing around the site. Its configuration supports the trucking, mechanic shop, venue, restaurant, and gym uses identified in the property information, subject to applicable approvals.
Key Highlights
- 7,500 SF flex property on 4.71 acres
- Seven individual offices and two conference rooms
- Mechanic shop, kitchen, and storage area included
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
$99,816
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
5.70%
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%
$1,996,320
$2.0M
Cap Rate 7%
$1,425,943
$1.4M
Cap Rate 9%
$1,109,067
$1.1M
Market Conditions
NOI Build-Up for 7,500 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
$157.5K $21.00/SF
− Vacancy
−$24.4K −$3.26/SF
EGI
$133.1K $17.75/SF
− OpEx
−$33.3K −$4.44/SF
NOI
$99.8K $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%
$1,996,320
Cap Rate 7%
$1,425,943
Cap Rate 9%
$1,109,067
Alternative Uses
Best Use
Flex RnD
$10.90M
$9.54M – $12.72M
NOI $763,232 @ 7.0% cap · market cap 43.61%
Second Best
Industrial
$6.36M
$5.56M – $7.42M
NOI $445,095 @ 7.0% cap · market cap 25.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Furnished commercial space combines office, service, storage, and onsite lodging areas.
Where is this flex space located?
The property is located at 3670 N Moss Ave Odessa, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 7,500 SF flex property on 4.71 acres; Seven individual offices and two conference rooms; Mechanic shop, kitchen, and storage area included
