Secure Office Building with
809 Tower Dr Odessa, TX 79761
New
For Sale
$1,200,000
ADA-compliant, highly secure office building with 10+ executive offices, open atrium, and 34 parking spaces.
Property Size8,130 SF
Price / SF$147.60
Days on Market4
Property Features for 809 Tower Dr
General Information
- Standard status
- Active
- Size
- 8,130 SF
Building Details
- Year Built
- 1966
Listing Agency:
SIMS & GUESS, REALTORS
(432) 553-3679
Listed By:
Nicole Pool · License #0731309
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:17AM
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 SIMS & GUESS, REALTORS
Investment Insights
Based on property information with market context.
Located at 809 Tower Dr in Odessa, TX, this ADA-compliant office building is designed for professional and medical-related services. The interior features 10+ executive offices, a shared office/cubicle area, a conference room, and a training center, along with storage, a kitchenette, and a copy room. An open atrium adds light and visibility within the space.
The property includes his-and-hers restrooms and is described as highly secure. Additional building systems and amenities include five HVAC units, a reverse osmosis system, and automatic tree irrigation. Parking is available with 34 spaces.
The combination of private offices, shared work areas, and flexible meeting and training rooms supports a range of office operations within a single facility.
The property includes his-and-hers restrooms and is described as highly secure. Additional building systems and amenities include five HVAC units, a reverse osmosis system, and automatic tree irrigation. Parking is available with 34 spaces.
The combination of private offices, shared work areas, and flexible meeting and training rooms supports a range of office operations within a single facility.
Key Highlights
- 1966‑built office building with ADA‑compliant, highly secure access
- Versatile interior layout with 10+ executive offices, conference room, training center, and open atrium
- Includes shared office/cubicle area plus storage, kitchenette, and copy room
Financial Insights For Healthcare Medical
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 | $200.0k | $24.60 |
| − Vacancy | −$16.0k | −$1.97 |
| EGI | $184.0k | $22.63 |
| − OpEx | −$73.6k | −$9.05 |
| NOI | $110.4k | $13.58 |
8,130 SF · lease $24.60/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.58M
$1.38M – $1.84M
NOI $110,399 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$1.55M
$1.35M – $1.80M
NOI $108,200 @ 7.0% cap · market cap 9.02%
Theoretical Best
Flex RnD
$11.82M
$10.34M – $13.79M
NOI $827,343 @ 7.0% cap · market cap 68.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - ADA-compliant, highly secure office building with 10+ executive offices, open atrium, and 34 parking spaces.
Where is this office building located?
The property is located at 809 Tower Dr Odessa, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1966‑built office building with ADA‑compliant, highly secure access; Versatile interior layout with 10+ executive offices, conference room, training center, and open atrium; Includes shared office/cubicle area plus storage, kitchenette, and copy room
