Flex Space with Two-Bay
For Sale
Contact for pricing
3749 W 8th St, Odessa, TX 79763
Remodeled flex property combines a dedicated office area with workshop and storage space.
Property Size4,980 SF
Price / SF$1.00
Days on Market203
Property Features for 3749 W 8th St
General Information
Standard status
Active
Size
4,980 SF
Property subtype
Commercial
Lease Term
36 months
Additional Details
Office Build-Out
1,290 SF
Building Details
Building Size
4,980 SF
Year Built
2000
Listing Agency:
Carrie Shaver Realty, LLC
(432) 242-1550
Listed By:
Johni Mcnab
(432) 282-3055
Source:
Gloriarealestate
Added: Apr 7
Changed: Oct 25
Last Checked: Oct 24 at 3:11PM
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 Carrie Shaver Realty, LLC
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Investment Insights
Based on property information with market context.
This 4,980-square-foot flex property includes a 3,690-square-foot, two-bay workshop and approximately 1,290 square feet of office area. The office layout has three private offices, a conference room, and two restrooms, with additional room for storage. The building was constructed in 2000 and has been remodeled.
Semi-truck access is available. The property is at 3749 W 8th St in Odessa, just off Loop 338 and 8th Street.
Semi-truck access is available. The property is at 3749 W 8th St in Odessa, just off Loop 338 and 8th Street.
Key Highlights
- 3,690‑square‑foot workshop with two bays
- Approximately 1,290 square feet of office area
- Three offices, a conference room, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,543
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,910,860
$5.9M
Cap Rate 7%
$4,222,043
$4.2M
Cap Rate 9%
$3,283,811
$3.3M
Market Conditions
NOI Build-Up for 4,980 SF
Gross rent
$448.2K $90.00/SF
− Vacancy
−$26.0K −$5.22/SF
EGI
$422.2K $84.78/SF
− OpEx
−$126.7K −$25.43/SF
NOI
$295.5K $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%
$5,910,860
Cap Rate 7%
$4,222,043
Cap Rate 9%
$3,283,811
Alternative Uses
Best Use
Flex RnD
$7.24M
$6.33M – $8.45M
NOI $506,786 @ 7.0% cap · market cap 10,135.72%
Second Best
Industrial
$4.22M
$3.69M – $4.93M
NOI $295,543 @ 7.0% cap · market cap 5,910.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
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 - Remodeled flex property combines a dedicated office area with workshop and storage space.
Where is this flex space located?
The property is located at 3749 W 8th St Odessa, TX.
What are key features of this property?
This property features: 3,690‑square‑foot workshop with two bays; Approximately 1,290 square feet of office area; Three offices, a conference room, and two restrooms
