Modern Office Building with Living
For Sale
$2,772,880
4313 N County Rd W, Odessa, TX 79764
Commercial Sale, Odessa, TX
Property Size12,604 SF
Lot Size1.04 Acres
Price / SF$220
Days on Market307
Property Features for 4313 N County Rd W
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
ED4
Standard status
Active
Size
12,604 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Description
1.04 acres out of WESTERN PLAINS, BLOCK 10 LOTS 1 & 2, Ector County, Texas
Legal Description
1.04 acres out of WESTERN PLAINS, BLOCK 10 LOTS 1 & 2, Ector County, Texas
Amenities
reception area
private offices
conference rooms
3-bedroom apartment with full kitchen
covered RV hookup
generator
large backroom for parties or events
Building Details
Year built
2017
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS · License #542176
(512) 970-1610
Added: Dec 5, 2025
Changed: Sep 30
Last Checked: Oct 8 at 6:06AM
MLS# 50087241
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2017, this 12,604-square-foot office property provides a professional layout with reception space, private offices, conference rooms, and a substantial backroom suitable for gatherings or events. The improvements also include a three-bedroom apartment with a full kitchen, creating on-site living quarters within the property.
The site contains a privately gated concrete parking area with 15 covered spaces and one covered RV hookup. A generator provides backup power, while the combination of office, residential, parking, and support areas offers a varied commercial property configuration.
The site contains a privately gated concrete parking area with 15 covered spaces and one covered RV hookup. A generator provides backup power, while the combination of office, residential, parking, and support areas offers a varied commercial property configuration.
Key Highlights
- 12,604 SF office building constructed in 2017
- Reception area, private offices, and conference rooms
- Three‑bedroom apartment with full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,743
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,354,860
$3.4M
Cap Rate 7%
$2,396,329
$2.4M
Cap Rate 9%
$1,863,811
$1.9M
Market Conditions
NOI Build-Up for 12,604 SF
Gross rent
$264.7K $21.00/SF
− Vacancy
−$41.0K −$3.26/SF
EGI
$223.7K $17.75/SF
− OpEx
−$55.9K −$4.44/SF
NOI
$167.7K $13.31/SF
Area
Odessa, TX
Vacancy
15.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,354,860
Cap Rate 7%
$2,396,329
Cap Rate 9%
$1,863,811
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,743 @ 7.0% cap · market cap 6.05%
Second Best
Mixed Use
$2.27M
$1.99M – $2.65M
NOI $159,141 @ 7.0% cap · market cap 5.74%
Theoretical Best
Flex RnD
$18.32M
$16.03M – $21.38M
NOI $1,282,637 @ 7.0% cap · market cap 46.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Professional office facilities include an on-site apartment, secured parking, and generator backup power.
Where is this office building located?
The property is located at 4313 N County Rd W Odessa, TX.
What is the asking price?
The asking price for this property is $2,772,880.
What are key features of this property?
This property features: 12,604 SF office building constructed in 2017; Reception area, private offices, and conference rooms; Three‑bedroom apartment with full kitchen
