Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    413 N Texas Ave Odessa, TX 79761

    View on Map
    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Odessa, TX

    Property size:
    2,800 SF
    Lot size:
    0.09 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 18 at 7:06 pm

    Property Features for 413 N Texas Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    22000.02080.00000
    Size
    2,800 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1958
    Building materials
    Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Brent Sims

    SIMS & GUESS, REALTORS (432) 368-6800

    Listing agent Brent Sims (432) 528-1154

    Listing date Mar 18, 2026

    MLS# 173218

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Odessa Office Space Available

    Located in downtown Odessa, this professional office space at 413 W Texas Ave features large windows, built-in private offices, conference room capability, and high ceilings. Ample parking access is available. The property is situated near restaurants, banking facilities, the Ector County Courthouse, and other central business amenities. The property size is 2,800 square feet, situated on a lot of 0.09 acres. The location is suitable for legal, accounting, design, or other service-oriented firms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Offices of Bob ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3684304
    Latitude
    31.8483369

    Nearby Similar for Lease

    • $6,000 /Mo
      3,600 SF

      Commercial Shop with Offices, Kitchen

      Multi-use commercial shop with offices, restrooms, and high-clearance workshop.
      15456 W University Blvd, Odessa, TX 79764
      View Details
    • $3,000 /Mo
      1,500 SF

      New Retail Space For Lease

      New 1500 SF retail space available for lease.
      3601 Billy Hext Rd, Odessa, TX 79765
      View Details
    • $8,000 /Mo
      6,200 SF

      Commercial Office and Shop Space

      6,200 SF office and shop on 1.5-acre corner lot.
      4424 W 8Th St, Odessa, TX 79763
      View Details
    • $10,000 /Mo
      7,650 SF

      Odessa Industrial Property on Loop

      Industrial property with office and shop space on 10 acres.
      490 Loop 338 SE, Odessa, TX 79766
      View Details
    • $3,000 /Mo
      1,500 SF

      New Retail Space For Lease

      New 1500 SF retail space available for lease.
      3601 Billy Hext Rd, Odessa, TX 79765
      View Details
    • $15,000 /Mo
      36,050 SF

      Versatile Commercial Space in Odessa

      36,000+ SF on 2.45 acres, ideal for distribution/retail.
      714 E 2Nd St, Odessa, TX 79761
      View Details
    • $12,500 /Mo
      9,000 SF

      Odessa Warehouse with Drive-Through Bays

      9,000 SF warehouse on 5.3 acres with multiple drive-through bays.
      15095-2 W 42Nd St, Odessa, TX 79764
      View Details
    • $4,000 /Mo
      1,500 SF

      Office Space For Rent

      Office spaces available in a high-traffic Odessa location.
      10700 W 42Nd St, Odessa, TX 79764
      View Details
    • $26 SF/Yr
      3,500 SF

      Retail/Office Space in Odessa, TX

      Available retail or office space in fast-growing North Odessa.
      1807 E 87Th St, Odessa, TX 79765
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Odessa Office Sublease Opportunity

      Prime office space available for sublease in downtown Odessa.
      700 N Grant Ave, Odessa, TX 79761
      View Details
    • $12,000 /Mo
      24,000 SF

      Commercial Space in Prime Location

      Versatile commercial space suitable for various business ventures.
      6202 Andrews Hwy, Odessa, TX 79762
      View Details
    • $2,300 /Mo
      1,680 SF

      Industrial Property Ready For Lease

      Two-building industrial property with yard, ready for immediate lease.
      16319 W 39Th St, Odessa, TX 79764
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space in a prime downtown location.
    Where is this office units located?
    The property is located at 413 N Texas Ave Odessa, TX.
    What are key features of this property?
    This property features: - Prime downtown location in the heart of Odessa.; - Ample parking access.; - Flexible lease terms.
    (432) 528-1154
    Request Owner's contact information
    413 N Texas Ave Odessa, TX 79761
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    413 N Texas Ave
    Odessa, TX 79761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    413 N Texas Ave Odessa, TX 79761
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brent Sims
    Real Estate License ID: TREC 0609549
    (432) 528-1154 (432) 368-6800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!