Office Building with Rear
For Sale
$660,000
2201 E 8th St, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size3,150 SF
Lot Size0.72 Acres
Price / SF$209.52
Days on Market576
Property Features for 2201 E 8th St
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Odessa Office Park
Standard status
Active
Size
3,150 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
Property Location 2201 E 8TH ST Property Legal Description ODESSA OFFICE PARK LOT 35 Land Size 0.7230 Verify all.
Tax Annual Amount
4773
Legal Description
Property Location 2201 E 8TH ST Property Legal Description ODESSA OFFICE PARK LOT 35 Land Size 0.7230 Verify all.
Amenities
covered parking
asphalt parking
conference room
garage
Building Details
Year built
1962
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC#0588281
(432) 703-2545
Added: Apr 2, 2025
Changed: Oct 7
Last Checked: Oct 29 at 6:06PM
MLS# 50081174
Copyright © 2026 Permian Basin 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.
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.
This 3,150-square-foot office building at 2201 E 8th St includes multiple rooms with windows, dedicated office areas, and a conference room. A rear garage provides space for vehicle work or additional parking, while covered and asphalt parking serve the property. Built in 1962, the building sits on a 0.723-acre corner lot.
The property is connected to city water and sewer and is located in Odessa, Texas. Its existing combination of office rooms, parking, and garage space supports office use along with vehicle-oriented operations, subject to applicable requirements.
The property is connected to city water and sewer and is located in Odessa, Texas. Its existing combination of office rooms, parking, and garage space supports office use along with vehicle-oriented operations, subject to applicable requirements.
Key Highlights
- 3,150‑square‑foot office building on a 0.723‑acre corner lot
- Multiple windowed rooms, office areas, and a conference room
- Rear garage suitable for vehicle work or additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,923
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,460
$838.5K
Cap Rate 7%
$598,900
$598.9K
Cap Rate 9%
$465,811
$465.8K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$66.2K $21.00/SF
− Vacancy
−$10.3K −$3.26/SF
EGI
$55.9K $17.75/SF
− OpEx
−$14.0K −$4.44/SF
NOI
$41.9K $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 Rate 5%
$838,460
Cap Rate 7%
$598,900
Cap Rate 9%
$465,811
Alternative Uses
Best Use
Industrial
$2.67M
$2.34M – $3.12M
NOI $186,940 @ 7.0% cap · market cap 28.32%
Second Best
Office B
$598.9K
$524.0K – $698.7K
NOI $41,923 @ 7.0% cap · market cap 6.35%
Theoretical Best
Flex RnD
$4.58M
$4.01M – $5.34M
NOI $320,557 @ 7.0% cap · market cap 48.57%
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
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
838
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Corner-lot property with windowed rooms, a conference room, covered parking, and a rear garage.
Where is this office building located?
The property is located at 2201 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 3,150‑square‑foot office building on a 0.723‑acre corner lot; Multiple windowed rooms, office areas, and a conference room; Rear garage suitable for vehicle work or additional parking
