Flex Space with Fenced
For Sale
Contact for pricing
1905 E 7th St, Odessa, TX 79761
Open shop space pairs with an interior office and a secured outdoor yard.
Property Size3,200 SF
Lot Size0.14 Acres
Price / SF$1.25
Days on Market211
Property Features for 1905 E 7th St
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,821
Building Details
Building Size
3,200 SF
Year Built
2010
Listing Agency:
D.E. The Home Boss Group LLC
Listed By:
Donavon Earl · License #809777
(432) 230-3432
Source:
Gloriarealestate
Added: Mar 30
Changed: Oct 25
Last Checked: Oct 24 at 3:18PM
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 D.E. The Home Boss Group LLC
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Investment Insights
Based on property information with market context.
Built in 2010, this 3,200-square-foot flex property has an open shop area with high ceilings and a small office inside. The site covers 0.14 acres and includes a fully fenced yard for outdoor storage or parking.
The property is located at 1905 E 7th St in Odessa, Texas.
The property is located at 1905 E 7th St in Odessa, Texas.
Key Highlights
- 3,200‑square‑foot flex building with open shop area
- Fully fenced yard on a 0.14‑acre site
- High ceilings in the shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,907
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,798,140
$3.8M
Cap Rate 7%
$2,712,957
$2.7M
Cap Rate 9%
$2,110,078
$2.1M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$288.0K $90.00/SF
− Vacancy
−$16.7K −$5.22/SF
EGI
$271.3K $84.78/SF
− OpEx
−$81.4K −$25.43/SF
NOI
$189.9K $59.35/SF
Area
Odessa, TX
Vacancy
5.80%
Lease Rate
$90.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,798,140
Cap Rate 7%
$2,712,957
Cap Rate 9%
$2,110,078
Alternative Uses
Best Use
Flex RnD
$4.65M
$4.07M – $5.43M
NOI $325,646 @ 7.0% cap · market cap 8,141.15%
Second Best
Industrial
$2.71M
$2.37M – $3.17M
NOI $189,907 @ 7.0% cap · market cap 4,747.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Under-served
Demand for This Use
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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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Open shop space pairs with an interior office and a secured outdoor yard.
Where is this flex space located?
The property is located at 1905 E 7th St Odessa, TX.
What are key features of this property?
This property features: 3,200‑square‑foot flex building with open shop area; Fully fenced yard on a 0.14‑acre site; High ceilings in the shop
