Crane-Served Flex
For Sale
Contact for pricing
3725 Academy Ave., Odessa, TX 79764
Updated office areas and a fenced yard complement the industrial workspace.
Property Size4,054 SF
Price / SF$1.11
Days on Market14
Property Features for 3725 Academy Ave.
General Information
Standard status
Active
Size
4,054 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$2,300
Building Details
Building Size
4,054 SF
Year Built
1977
Listing Agency:
TROWER REALTORS
(432) 333-3211
Listed By:
Keith Trower · License #0700890
(432) 664-7870
Source:
Gloriarealestate
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 24 at 2:45PM
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 TROWER REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,054-square-foot flex property in Odessa was built in 1977. Its industrial work area is served by a crane, and the office portion has been updated. A secured, fenced yard is also part of the property.
The configuration is described for industrial, manufacturing, service, and oilfield operations. The property is located at 3725 Academy Ave.
The configuration is described for industrial, manufacturing, service, and oilfield operations. The property is located at 3725 Academy Ave.
Key Highlights
- 4,054‑square‑foot flex property built in 1977
- Crane‑served industrial workspace
- Updated office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,589
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,811,780
$4.8M
Cap Rate 7%
$3,436,986
$3.4M
Cap Rate 9%
$2,673,211
$2.7M
Market Conditions
NOI Build-Up for 4,054 SF
Gross rent
$364.9K $90.00/SF
− Vacancy
−$21.2K −$5.22/SF
EGI
$343.7K $84.78/SF
− OpEx
−$103.1K −$25.43/SF
NOI
$240.6K $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%
$4,811,780
Cap Rate 7%
$3,436,986
Cap Rate 9%
$2,673,211
Alternative Uses
Best Use
Flex RnD
$5.89M
$5.16M – $6.88M
NOI $412,552 @ 7.0% cap · market cap 9,167.82%
Second Best
Industrial
$3.44M
$3.01M – $4.01M
NOI $240,589 @ 7.0% cap · market cap 5,346.42%
Theoretical Best
—
—
same as Best Use
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
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
231
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Updated office areas and a fenced yard complement the industrial workspace.
Where is this flex space located?
The property is located at 3725 Academy Ave. Odessa, TX.
What are key features of this property?
This property features: 4,054‑square‑foot flex property built in 1977; Crane‑served industrial workspace; Updated office area
