Two-Story Flex
For Sale
$2,600,000
14491 W I-20, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size12,200 SF
Lot Size5.25 Acres
Price / SF$213.11
Days on Market47
Property Features for 14491 W I-20
General Information
Property type
Commercial Sale
Property subtype
Office
Fencing
Fenced, Gate, Chain Link
Subdivision
High Performance West I-20 South
Lot features
Lighted Parking
Standard status
Active
APN
13996.00010.00000
Size
12,200 SF
Lot size
5.25 Acres
Taxes and HOA fees
Tax Annual Amount
37000
Utilities
Sewer type
Private Sewer
Water source
Well
Amenities
11 offices
conference room
reception area
full kitchen
2 full restrooms with showers
3 additional restrooms
automatic gated entrance
Building Details
Year built
2022
Floors in Building
2
Building materials
Concrete, Metal Construction, Metal Siding
Roof type
Metal
Listing Agency:
Starz Realty
(432) 653-0053
Listed By:
Colton Robbins
(432) 230-8119
Added: Sep 8
Changed: Oct 18
Last Checked: Oct 24 at 1:06AM
MLS# 177407
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 2022 flex-space property includes approximately 12,200 square feet within a two-story metal building. The layout combines office and shop areas, with 11 offices, a conference room, reception area, kitchen, two restrooms with showers, and three additional restrooms. Concrete, metal construction, and metal siding define the improvements, while a metal roof serves the building.
The property encompasses 5.251 acres and is enclosed with chain-link fencing and a gate. An automatic gated entrance provides controlled access to the site. Water is supplied by a well, and the property uses a private sewer system. Located in Odessa, Texas, the asset offers a substantial land component alongside its office and shop configuration.
The property encompasses 5.251 acres and is enclosed with chain-link fencing and a gate. An automatic gated entrance provides controlled access to the site. Water is supplied by a well, and the property uses a private sewer system. Located in Odessa, Texas, the asset offers a substantial land component alongside its office and shop configuration.
Key Highlights
- Approximately 12,200 square feet of combined office and shop space
- 5.251‑acre property in Odessa, TX
- Two‑story metal building constructed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,367
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,247,340
$3.2M
Cap Rate 7%
$2,319,529
$2.3M
Cap Rate 9%
$1,804,078
$1.8M
Market Conditions
NOI Build-Up for 12,200 SF
Gross rent
$256.2K $21.00/SF
− Vacancy
−$39.7K −$3.26/SF
EGI
$216.5K $17.75/SF
− OpEx
−$54.1K −$4.44/SF
NOI
$162.4K $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%
$3,247,340
Cap Rate 7%
$2,319,529
Cap Rate 9%
$1,804,078
Alternative Uses
Best Use
Flex RnD
$17.74M
$15.52M – $20.69M
NOI $1,241,524 @ 7.0% cap · market cap 47.75%
Second Best
Industrial
$10.34M
$9.05M – $12.07M
NOI $724,021 @ 7.0% cap · market cap 27.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
11
Office units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Metal commercial building combining office and shop areas with a gated entrance, kitchen, showers, and multiple restrooms.
Where is this flex space located?
The property is located at 14491 W I-20 Odessa, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Approximately 12,200 square feet of combined office and shop space; 5.251‑acre property in Odessa, TX; Two‑story metal building constructed in 2022
