Brick Office
For Sale
$300,000
1050 N Dixie Blvd, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size1,085 SF
Lot Size0.22 Acres
Price / SF$276.50
Days on Market113
Property Features for 1050 N Dixie Blvd
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Subdivision
Park Place Addn
Lot features
Corner Lot
Standard status
Active
APN
23400.00980.00000
Size
1,085 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2066
Utilities
Utilities
Cable Available
Building Details
Year built
1986
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Tammy New · License #655809
(432) 559-4850
Added: Jul 14
Changed: Oct 10
Last Checked: Nov 3 at 12:06AM
MLS# 175571
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.
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Investment Insights
Based on property information with market context.
This 1,085-square-foot office building in Odessa provides two large offices within a functional commercial layout. Built in 1986, the property features brick construction, a composition roof, and cable availability. The 0.22-acre parcel is located at 1050 N Dixie Blvd, offering a dedicated office setting with on-site parking for clients and staff.
The property is situated in Odessa, Texas, in Ector County. Its placement along N Dixie Blvd provides direct street access, while the building’s compact configuration supports straightforward office use.
The property is situated in Odessa, Texas, in Ector County. Its placement along N Dixie Blvd provides direct street access, while the building’s compact configuration supports straightforward office use.
Key Highlights
- 1,085‑square‑foot office building on a 0.22‑acre parcel
- Two large offices within a functional layout
- Brick construction with a composition roof
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
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
Frequently Asked Questions
What type of property is this?
Office building - Two-office commercial layout with on-site parking and access along N Dixie Blvd.
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‑square‑foot office building on a 0.22‑acre parcel; Two large offices within a functional layout; Brick construction with a composition roof
