Office Unit with On-Site
For Sale
Contact for pricing
1128 S Grandview #Office C8, Odessa, TX 79761
An 8,488-square-foot office unit offers dedicated workplace space in a building constructed in 1995.
Property Size8,488 SF
Price / SF$0.03
Days on Market562
Property Features for 1128 S Grandview #Office C8
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:
Carrie Shaver Realty, LLC
(432) 366-8100
Listed By:
Carrie Shaver · License #615110
(432) 556-1615
Source:
Carrieshaverrealty
Added: Apr 22, 2025
Changed: Nov 3
Last Checked: Nov 3 at 7:11PM
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 Carrie Shaver Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space at 1128 S Grandview includes 8,488 square feet within a building completed in 1995. The property is located in Odessa, Texas, and provides spacious on-site parking.
The address is 1128 S Grandview, Office B9, Odessa, TX 79761.
The address is 1128 S Grandview, Office B9, Odessa, TX 79761.
Key Highlights
- 8,488 square feet of office space
- Building constructed in 1995
- On‑site parking
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 49,115.22%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$12.34M
$10.80M – $14.40M
NOI $863,775 @ 7.0% cap · market cap 375,554.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
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
Frequently Asked Questions
What type of property is this?
Office unit - An 8,488-square-foot office unit offers dedicated workplace space in a building constructed in 1995.
Where is this office unit located?
The property is located at 1128 S Grandview #Office C8 Odessa, TX.
What are key features of this property?
This property features: 8,488 square feet of office space; Building constructed in 1995; On‑site parking
