Office Units with
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1128 S Grandview #Office C11, Odessa, TX 79761
Office space at a Grandview address includes parking for occupants and visitors.
Property Size8,488 SF
Price / SF$0.04
Days on Market561
Property Features for 1128 S Grandview #Office C11
General Information
Standard status
Active
Size
8,488 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$18,466
Building Details
Building Size
8,488 SF
Year Built
1995
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Lead Group Team At Real Broker
(432) 299-3539
Source:
Gloriarealestate
Added: Apr 22, 2025
Changed: Oct 26
Last Checked: Oct 29 at 10:43PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Office units are available at 1128 S Grandview #Office B2 in Odessa, Texas. The property was built in 1995 and includes parking. The address places the office offering on S Grandview, south of downtown Odessa.
Key Highlights
- Office units at 1128 S Grandview #Office B2, Odessa, TX 79761
- Parking available
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,965
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,259,300
$2.3M
Cap Rate 7%
$1,613,786
$1.6M
Cap Rate 9%
$1,255,167
$1.3M
Market Conditions
NOI Build-Up for 8,488 SF
Gross rent
$178.2K $21.00/SF
− Vacancy
−$27.6K −$3.26/SF
EGI
$150.6K $17.75/SF
− OpEx
−$37.7K −$4.44/SF
NOI
$113.0K $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%
$2,259,300
Cap Rate 7%
$1,613,786
Cap Rate 9%
$1,255,167
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $112,965 @ 7.0% cap · market cap 37,655.00%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$12.34M
$10.80M – $14.40M
NOI $863,775 @ 7.0% cap · market cap 287,925.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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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 unit - Office space at a Grandview address includes parking for occupants and visitors.
Where is this office unit located?
The property is located at 1128 S Grandview #Office C11 Odessa, TX.
What are key features of this property?
This property features: Office units at 1128 S Grandview #Office B2, Odessa, TX 79761; Parking available; Built in 1995
