Flex Space with Shop
For Sale
Contact for pricing
2208 Stoner Rd, Odessa, TX 79764
Office, restroom, and dedicated storage complement the shop area.
Property Size2,500 SF
Price / SF$1.40
Days on Market87
Property Features for 2208 Stoner Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,275
Building Details
Building Size
2,500 SF
Year Built
2014
Buildings
1
Construction
Metal Building
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Yvonne Rosas · License #716775
(432) 202-0069
Source:
Gloriarealestate
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 24 at 2:52PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2014, this 2,500-square-foot flex property combines a shop area with a private office, restroom, and dedicated storage. The office measures 18x18', and the shop measures 40'x 40'.
The property sits just outside the city limits, with access to the loop and interstate.
The property sits just outside the city limits, with access to the loop and interstate.
Key Highlights
- 2,500‑square‑foot flex property built in 2014
- 40'x 40' shop area
- 18x18' private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,365
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,967,300
$3.0M
Cap Rate 7%
$2,119,500
$2.1M
Cap Rate 9%
$1,648,500
$1.6M
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$225.0K $90.00/SF
− Vacancy
−$13.1K −$5.22/SF
EGI
$212.0K $84.78/SF
− OpEx
−$63.6K −$25.43/SF
NOI
$148.4K $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%
$2,967,300
Cap Rate 7%
$2,119,500
Cap Rate 9%
$1,648,500
Alternative Uses
Best Use
Flex RnD
$3.63M
$3.18M – $4.24M
NOI $254,411 @ 7.0% cap · market cap 7,268.89%
Second Best
Warehouse
$2.94M
$2.57M – $3.43M
NOI $205,851 @ 7.0% cap · market cap 5,881.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, restroom, and dedicated storage complement the shop area.
Where is this flex space located?
The property is located at 2208 Stoner Rd Odessa, TX.
What are key features of this property?
This property features: 2,500‑square‑foot flex property built in 2014; 40'x 40' shop area; 18x18' private office
