Corner Office
For Sale
$143,000
123 W 10th St, Odessa, TX 79761
SINGLE_FAMILY - Odessa, TX
Property Size648 SF
Lot Size0.09 Acres
Price / SF$220.68
Days on Market52
Property Features for 123 W 10th St
General Information
Property type
Residential
Property subtype
Office
Parking
2
Fencing
Chain Link
Subdivision
Williams
Lot features
Security, Corner Lot
Standard status
Active
APN
28100.00710.00000
Size
648 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
905
Building Details
Year built
1970
Floors in Building
1
Building materials
Brick
Roof type
Metal, Flat
Listing Agency:
Home Team Real Estate
(432) 614-0781
Listed By:
Angie Jimenez · License #0614476
(432) 889-2569
Added: Jun 11
Changed: Jul 29
Last Checked: Aug 1 at 6:06PM
MLS# 160250
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.
Corner office building at 123 W 10th St in Odessa, Texas on a 0.0881-acre lot. The brick structure was built in 1970 and features a metal and flat roof. Interior space includes a front office area with room to add a second desk, a second private office, and one bathroom, with a closet for storage.
The property is described as formerly an insurance business and offers both exterior customer front parking and covered parking for two vehicles. The site is fenced with chain link.
The location is at the corner of 10th and Lee Ave, with easy access to Grant Ave and Downtown Odessa. The roof is reported as new as of 09/2025.
The property is described as formerly an insurance business and offers both exterior customer front parking and covered parking for two vehicles. The site is fenced with chain link.
The location is at the corner of 10th and Lee Ave, with easy access to Grant Ave and Downtown Odessa. The roof is reported as new as of 09/2025.
Key Highlights
- 0.0881‑acre corner office lot at 10th & Lee Ave in Odessa, TX
- 648 SF office building with front office and second private office
- One bathroom plus storage closet
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.6k | $21.00 |
| − Vacancy | −$2.1k | −$3.26 |
| EGI | $11.5k | $17.75 |
| − OpEx | −$2.9k | −$4.44 |
| NOI | $8.6k | $13.31 |
648 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$123.2K
$107.8K – $143.7K
NOI $8,624 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$942.0K
$824.3K – $1.10M
NOI $65,943 @ 7.0% cap · market cap 46.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
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
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 - Brick office building with a front office, second private office, one bathroom, and covered two-car parking.
Where is this office building located?
The property is located at 123 W 10th St Odessa, TX.
What is the asking price?
The asking price for this property is $143,000.
What are key features of this property?
This property features: 0.0881‑acre corner office lot at 10th & Lee Ave in Odessa, TX; 648 SF office building with front office and second private office; One bathroom plus storage closet
