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    Multi-Office Building in High-Traffic Area Title is generated by Realmo AI

    2479 11th St, Odessa, TX 79761

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    Well-maintained commercial building with multiple office suites for sale.

    Type:Office
    Property size:
    4,698 SF
    Price / SF:
    $154/SF
    Added:
    Mar 22, 2026
    Days on Market:
    110
    Last Refresh:
    Jun 26 at 12:48 pm

    Property Features for 2479 11th St

    General Information

    Standard status
    Active
    Size
    4,698 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

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    John Herriage
    John Herriage

    Listing office Copper Key Realty

    Listing date Mar 22, 2026

    Source Crexi

    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 Copper Key Realty

    HighLights

    • High‑visibility, high‑traffic location ideal for attracting clients and customers.
    • Versatile property suitable for professional services, medical use, or rental income.
    • Multiple private office suites provide flexibility for various business needs.
    • Well‑maintained building minimizing potential maintenance costs.
    • Opportunity to expand your investment portfolio.
    • Functional layout designed to accommodate a variety of businesses.

    Overview

    This multi-office commercial building is located in a high visibility, high-traffic area. The property offers multiple private office suites, making it suitable for professional services, medical use, or rental income opportunities. The layout is designed with functionality and flexibility to accommodate a variety of business needs. The building has a size of 4698 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $98.7k $21.00
    − Vacancy −$15.3k −$3.26
    EGI $83.4k $17.75
    − OpEx −$20.8k −$4.44
    NOI $62.5k $13.31
    4,698 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $893.2K
    $781.6K – $1.04M (±1% cap)
    NOI $62,525 @ 7.0% cap · market cap 8.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $6.83M
    $5.98M – $7.97M (±1% cap)
    NOI $478,088 @ 7.0% cap · market cap 65.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crystal Johnson - State ... Insurance Agency Vindhya Prema L ... Physician

    Suggested Use

    Law Firm Furniture & Home Goods Acupuncture Nursing Home Tanning Salon Nursing Home (Bike/Boat/Book/etc) Store Restaurant Pet Grooming Service Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.343792
    Latitude
    31.864294

    FAQs

    What type of property is this?
    Office building - Well-maintained commercial building with multiple office suites for sale.
    Where is this office building located?
    The property is located at 2479 11th St Odessa, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: High‑visibility, high‑traffic location ideal for attracting clients and customers.; Versatile property suitable for professional services, medical use, or rental income.; Multiple private office suites provide flexibility for various business needs.
    (432) 349-4494 Call to check price and availability
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