Front-Visible Office
For Sale
$300,000
1050 N Dixie Blvd, Odessa, TX 79761
Office building with two large offices and on-site client parking along a high-traffic corridor.
Property Size1,085 SF
Price / SF$276.50
Days on Market114
Property Features for 1050 N Dixie Blvd
General Information
Standard status
Active
Size
1,085 SF
Building Details
Year Built
1986
Listing Agency:
All City Real Estate Ltd. Co.
Listed By:
Tammy New · License #655809
(432) 368-6800
Source:
Billlanier
Added: Jun 22
Changed: Oct 12
Last Checked: Oct 7 at 1:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All City Real Estate Ltd. Co.
Investment Insights
Based on property information with market context.
This office building provides a functional layout with two large offices, offering straightforward space planning for professional use. The property totals 1,085 square feet and is designed for day-to-day operations with room to accommodate staff and meetings.
Located at 1050 N Dixie Blvd in Odessa, Texas, the building benefits from prime frontage positioning and exceptional visibility along a high-traffic street. On-site parking is available for both clients and staff, supporting convenient access when visitors arrive.
For buyers seeking an owned office space with a compact, office-focused configuration, the two-office setup can fit many traditional business needs. The combination of frontage visibility and on-site parking can help reduce friction for customer visits and internal scheduling, making the property a practical choice for established teams and growing professional operations.
Located at 1050 N Dixie Blvd in Odessa, Texas, the building benefits from prime frontage positioning and exceptional visibility along a high-traffic street. On-site parking is available for both clients and staff, supporting convenient access when visitors arrive.
For buyers seeking an owned office space with a compact, office-focused configuration, the two-office setup can fit many traditional business needs. The combination of frontage visibility and on-site parking can help reduce friction for customer visits and internal scheduling, making the property a practical choice for established teams and growing professional operations.
Key Highlights
- 1,085 sq ft office building built in 1986
- Interior layout includes two large offices
- On‑site parking available for clients and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,440
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$22.8K $21.00/SF
− Vacancy
−$3.5K −$3.26/SF
EGI
$19.3K $17.75/SF
− OpEx
−$4.8K −$4.44/SF
NOI
$14.4K $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 Rate 5%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Office B
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.58M
$1.38M – $1.84M
NOI $110,414 @ 7.0% cap · market cap 36.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office building with two large offices and on-site client parking along a high-traffic corridor.
Where is this office building located?
The property is located at 1050 N Dixie Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,085 sq ft office building built in 1986; Interior layout includes two large offices; On‑site parking available for clients and staff
