Live-Work Property With
New
For Sale
$559,900
1525 N Ave D, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size4,000 SF
Lot Size1.03 Acres
Price / SF$266.62
Days on Market1
Property Features for 1525 N Ave D
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Subdivision
Henderson
Lot features
Corner Lot
Standard status
Active
APN
137.00890.00000
Size
2,100 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Annual Amount
5199
Utilities
Sewer type
Private Sewer
Building Details
Year built
1981
Floors in Building
2
Building materials
Wood Construction, Metal Construction
Roof type
Metal
Listing Agency:
Keller Williams Realty - Midland & Odessa
(432) 520-5151
Listed By:
Sarah Dixon · License #0589480
(432) 349-0110
Added: Sep 2
Last Checked: Sep 2 at 4:06PM
MLS# 174119
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.
This live-work property occupies 1.0331 acres outside the Odessa city limits. The improvements include a 100-by-40-foot metal shop with three oversized bay doors, finished office space, a living or game room, wet bar, and full bath. An 8-foot metal privacy fence encloses the site, which also includes a two-story log cabin with two bedrooms, two baths, a loft, large game room, and basement.
The property is served by a private sewer system, with wood and metal construction and a metal roof. Three-phase power is available across the street. The cabin may function as a residence or employee housing, while the shop and finished areas provide space for business operations and onsite living needs.
The property is served by a private sewer system, with wood and metal construction and a metal roof. Three-phase power is available across the street. The cabin may function as a residence or employee housing, while the shop and finished areas provide space for business operations and onsite living needs.
Key Highlights
- 1.0331‑acre live‑work property outside Odessa city limits
- 100 X 40 shop with 3 oversized bay doors
- Two‑story log cabin with 2 bedrooms, 2 baths, loft, game room, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,948
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,960
$559.0K
Cap Rate 7%
$399,257
$399.3K
Cap Rate 9%
$310,533
$310.5K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$44.1K $21.00/SF
− Vacancy
−$6.8K −$3.26/SF
EGI
$37.3K $17.75/SF
− OpEx
−$9.3K −$4.44/SF
NOI
$27.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,960
Cap Rate 7%
$399,257
Cap Rate 9%
$310,533
Alternative Uses
Best Use
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,705 @ 7.0% cap · market cap 38.17%
Second Best
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,627 @ 7.0% cap · market cap 22.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Includes office, living, game-room, wet-bar, and full-bath areas.
Where is this live-work space located?
The property is located at 1525 N Ave D Odessa, TX.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 1.0331‑acre live‑work property outside Odessa city limits; 100 X 40 shop with 3 oversized bay doors; Two‑story log cabin with 2 bedrooms, 2 baths, loft, game room, and basement
