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    1221 University Blvd Odessa, TX 79764

    For Sale
    $565,990

    Spacious Office, High Traffic Area

    Property size:
    4,086 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 4,086 square foot office building, situated on a 0.33-acre lot at 1221 W University Blvd in Odessa, TX, presents a rare investment opportunity. The property boasts a high-traffic location and features a stunning reception/waiting area, twelve private offices, four restrooms, a conference room, a full kitchen and a kitchenette, a dedicated filing room, and ample storage space. An expansive asphalt parking lot provides convenient parking for staff and clients. The building's versatility makes it ideal for a wide range of professional uses, including medical practices, daycare centers, accounting firms, and law offices. The presence of two electric meters offers significant flexibility

    Property Features for 1221 University Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,086 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1958
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starz Realty LLC Real Estate Agency Bob Duree Inc Accountant Michael Trantham PC Accountant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3959
    Latitude
    31.86463

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office, High Traffic Area
    Where is this office property / space located?
    The property is located at 1221 University Blvd Odessa, TX.
    What is the asking price?
    The asking price for this property is $565,990.
    (432) 653-0053
    Request Owner's contact information
    1221 University Blvd Odessa, TX 79764
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    Odessa, TX 79764
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    Realmo Value Estimation

    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.

    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.

    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
    1221 University Blvd Odessa, TX 79764
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