2651 John Ben Shepperd, Odessa, TX 79761
Versatile corner space with seven private offices, updated lobby, and two multi-stall restrooms across from UT Permian Basin.
- Added:
- Jun 15, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 20 at 7:07 am
Property Features for 2651 John Ben Shepperd
General Information
- Standard status
- Active
- Size
- 4,102 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1979
Listing agent Kanji Adams License #502185
Listing office Your Premier Real Estate Group At Real Estate Ranch
Listing date Jun 15, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Your Premier Real Estate Group At Real Estate Ranch
HighLights
- 4,102 SF versatile corner commercial property built in 1979 directly across from The University of Texas Permian Basin
- Corner‑suite layout with visibility and accessibility for a wide range of business uses (office, retail, medical, restaurant, or other commercial)
- Includes seven private offices plus an updated lobby area
- Two restrooms with multiple stalls
- Flexible floor plan that can be divided into two separate suites
- Move‑in ready property with tenant or owner improvement potential
Overview
The property is positioned on a highly visible commercial corridor in Odessa, directly across from The University of Texas Permian Basin. Its corner placement supports strong accessibility, with a layout designed to take advantage of the street-facing presence. The flexible floor plan is described as allowing the space to be divided into two separate suites.
For owner-users, the existing private office arrangement and updated lobby can help streamline initial occupancy while still leaving room for customization. For investors or multi-tenant concepts, the ability to divide the suite into two spaces may support more than one operating layout, including office, retail, medical, or restaurant-style uses, subject to applicable approvals.
Local Financial Insights For Healthcare Medical
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 | $100.9k | $24.60 |
| − Vacancy | −$8.1k | −$1.97 |
| EGI | $92.8k | $22.63 |
| − OpEx | −$37.1k | −$9.05 |
| NOI | $55.7k | $13.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.330929
- Latitude
- 31.878094
