Office Building With Living
For Sale
$2,772,880
4313 N County Road W, Odessa, TX 79764
Commercial Sale, Odessa, TX
Property Size12,604 SF
Lot Size1.04 Acres
Price / SF$220
Days on Market108
Property Features for 4313 N County Road W
General Information
Property type
Commercial Sale
Property subtype
Office
Fencing
Fenced
Subdivision
ED4
Standard status
Active
APN
34600.00580.00000
Size
12,604 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Annual Amount
0
Amenities
reception area
private offices
conference rooms
3-bedroom apartment with full kitchen
privately gated concrete parking lot
Building Details
Year built
2017
Roof type
Composition
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston · License #542176
(512) 970-1610
Added: May 30
Changed: Aug 31
Last Checked: Sep 14 at 9:06AM
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.
Built in 2017, this 12,604-square-foot office property provides a professional workspace along with an integrated residential component. The layout includes a reception area, enclosed offices, conference rooms, and a three-bedroom apartment with a full kitchen, creating a combination of business and living space within one property.
The 1.04-acre site at 4313 N County Road W in Odessa, Texas, is enclosed and includes a gated concrete parking area. Fifteen covered parking spaces are provided, along with one covered RV hookup. The building has a composition roof, while the fenced site supports controlled access and organized vehicle parking.
The 1.04-acre site at 4313 N County Road W in Odessa, Texas, is enclosed and includes a gated concrete parking area. Fifteen covered parking spaces are provided, along with one covered RV hookup. The building has a composition roof, while the fenced site supports controlled access and organized vehicle parking.
Key Highlights
- 12,604 SF office building completed in 2017
- Three‑bedroom apartment with full kitchen
- Reception area, private offices, and conference rooms
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
$167,743
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
6.05%
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%
$3,354,860
$3.4M
Cap Rate 7%
$2,396,329
$2.4M
Cap Rate 9%
$1,863,811
$1.9M
Market Conditions
NOI Build-Up for 12,604 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
$264.7K $21.00/SF
− Vacancy
−$41.0K −$3.26/SF
EGI
$223.7K $17.75/SF
− OpEx
−$55.9K −$4.44/SF
NOI
$167.7K $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%
$3,354,860
Cap Rate 7%
$2,396,329
Cap Rate 9%
$1,863,811
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,743 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Professional office property includes an on-site apartment and secured parking area.
Where is this office building 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 office building completed in 2017; Three‑bedroom apartment with full kitchen; Reception area, private offices, and conference rooms
