Spacious Office with Residential
4313 N County Road W Odessa, TX 79764
For Sale
$2,772,880
SINGLE_FAMILY - Odessa, TX
Property Size12,604 SF
Lot Size1.04 Acres
Price / SF$220
Days on Market56
Property Features for 4313 N County Road W
General Information
- Property type
- Residential
- Property subtype
- Office
- Fencing
- Fenced
- Standard status
- Active
- APN
- 34600.00580.00000
- Size
- 12,604 SF
- Lot size
- 1.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Year built
- 2017
- Roof type
- Composition
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston · License #542176
(432) 688-8200
Added: May 30
Last Checked: Jul 24 at 10:06PM
MLS# 165094
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 property features a 12,604 square foot office space with a modern layout. The office includes a reception area, private offices, and conference rooms, designed for professional use. Additionally, the property includes a 3-bedroom apartment with a full kitchen, suitable for staff housing or owner residence. There are 15 covered parking spaces available, along with one covered RV hookup. The parking lot is concrete and privately gated, providing secure access. The property is situated on a 1.04-acre lot.
Key Highlights
- 12,604 SF modern office space with reception area, private offices, and conference rooms.
- On‑site 3‑bedroom apartment with full kitchen for staff housing or owner residence.
- 15 covered parking spaces including one covered RV hookup.
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 | $264.7k | $21.00 |
| − Vacancy | −$41.0k | −$3.26 |
| EGI | $223.7k | $17.75 |
| − OpEx | −$55.9k | −$4.44 |
| NOI | $167.7k | $13.31 |
12,604 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,743 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,218 @ 7.0% cap · market cap 3.69%
Theoretical Best
Flex RnD
$18.32M
$16.03M – $21.38M
NOI $1,282,637 @ 7.0% cap · market cap 46.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 12,604 SF office with 3-bedroom apartment and covered parking.
Where is this office units located?
The property is located at 4313 N County Road W Odessa, TX.
What is the asking price?
The asking price for this property is $2,772,880.
What are key features of this property?
This property features: 12,604 SF modern office space with reception area, private offices, and conference rooms.; On‑site 3‑bedroom apartment with full kitchen for staff housing or owner residence.; 15 covered parking spaces including one covered RV hookup.
