Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    805 Jefferson St Odessa, TX 79761

    • Office Properties & Spaces
    • 1,500 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 805 Jefferson St

    Year built
    1965
    Lot size
    0.07 lot acres
    Property size
    1,500 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,500 square foot commercial property, situated at 805 Jefferson Street in the thriving city of Odessa, Texas, presents a compelling investment opportunity. The building is ideally positioned for optimal visibility and accessibility, benefiting from its location in a busy commercial area. The 0.07-acre lot provides ample parking for clients and employees, a significant advantage in a high-traffic location. The interior layout is flexible, making it suitable for a diverse range of commercial uses. Whether you envision a retail space, an office environment, or light industrial operations, this property offers the adaptability to meet your specific business needs. The asking price of $135,000 represents excellent value for a property with such strong location attributes and versatile functionality. This is a rare opportunity to acquire a well-situated commercial building in a dynamic Texas market. The property's prime location and adaptable space make it an attractive prospect for businesses seeking a strategic foothold in Odessa. Don't miss this chance to secure a valuable asset in a growing commercial area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.363
    Latitude
    31.8558

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      2901 Interstate 20

      Strip malls • 9,000 SF
      2901 Interstate 20, Odessa, TX 79761
      View Details
    • Value Estimation by Request
      0.42 Acres

      1920 2Nd St

      Distribution properties • 5,000 SF
      1920 2Nd St, Odessa, TX 79761
      View Details
    • Value Estimation by Request
      151,743 SF

      1305-1523 8Th St

      Restaurants • 151,743 SF
      1305-1523 8Th St, Odessa, TX 79761
      View Details
    • Value Estimation by Request
      44,000 SF

      900 4Th St

      Medical offices • 44,000 SF
      900 4Th St, Odessa, TX 79761
      View Details
    • Value Estimation by Request
      11,372 SF

      201-219 1St St

      Individual retail properties • 11,372 SF
      201-219 1St St, Odessa, TX 79761
      View Details
    • Value Estimation by Request
      4,888 SF

      301 Muskingum Ave

      Medical offices • 4,888 SF
      301 Muskingum Ave, Odessa, TX 79761
      View Details

    Similar Nearby for Sale

    • $1,450,000
      5,018 SF

      Prime Odessa Office Building

      Downtown Odessa Office - $1.45M
      401 6Th St, Odessa, TX 79761
      View Details
    • $300,000
      0.42 Acres

      Odessa Industrial Warehouse For Sale

      5,000 sq ft warehouse, prime location.
      1920 2Nd St, Odessa, TX 79761
      View Details
    • $339,500
      1,800 SF

      Odessa Office Property For Sale

      Office property in Odessa, Texas, featuring 1800 square feet.
      507 N Lee Ave, Odessa, TX 79761
      View Details
    • $770,000
      3,150 SF

      Odessa Executive Office Building

      Prime location, 3150 sq ft office space.
      2201 8Th St, Odessa, TX 79761
      View Details
    • $920,000
      5,200 SF

      Downtown Odessa Office Building

      Versatile Office Space, Prime Location
      214 5Th St, Odessa, TX 79761
      View Details
    • $12,000,000
      44,000 SF

      Odessa Medical Office Building

      14-bed surgical hospital, vacant, $12M
      900 4Th St, Odessa, TX 79761
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      151,743 SF

      1305-1523 8Th St

      Restaurants • 151,743 SF
      1305-1523 8Th St, Odessa, TX 79761
      View Details
    • $25 SF/Yr
      9,000 SF

      Rectangle Plaza: Odessa Retail Space

      Prime Odessa retail space, multiple suites available.
      2901 Interstate 20, Odessa, TX 79761
      View Details
    • $17 SF/Yr
      750 SF

      Office Space For Rent

      750 square feet office space available for lease.
      2626 John Ben Shepperd Pkwy, Odessa, TX 79761
      View Details
    • Contact for pricing
      16,000 SF

      Office Spaces in Golden Oak

      Multiple office spaces available for lease in Odessa, Texas.
      415 N Grant Unit, Odessa, TX 79761
      View Details
    • Contact for pricing
      16,000 SF

      Office Spaces For Lease

      Multiple office spaces available in Odessa, Texas.
      415 N Grant Unit, Odessa, TX 79761
      View Details
    • $240 SF/Yr
      8,488 SF

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview Unit Office C5, Odessa, TX 79761
      View Details
    Request Owner's contact information
    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.
    805 Jefferson St
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.