Gated Office Building with
For Sale
$2,772,880
4313 N County Rd W, Odessa, TX 79764
SINGLE_FAMILY - Odessa, TX
Property Size12,604 SF
Lot Size1.04 Acres
Price / SF$220
Days on Market261
Property Features for 4313 N County Rd W
General Information
Property type
Residential
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
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: Jul 22
Last Checked: Aug 23 at 11:06PM
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.
This office building offers a spacious, modern interior with a reception area, private offices, and conference rooms designed for both client-facing and internal work. In addition to the office space, the property includes a 3-bedroom apartment with a full kitchen, providing on-site living quarters that can support staff housing or owner residence.
Outside, there is a privately gated, concrete parking lot with 15 covered parking spaces and one covered RV hookup. A generator provides reliable backup power, and a large backroom is available that could support gatherings or other events.
The property is located at 4313 N County Rd W in Odessa, Texas (Ector County). The site sits on a 1.04-acre lot and is configured to support day-to-day parking and secure access for building occupants and guests.
Outside, there is a privately gated, concrete parking lot with 15 covered parking spaces and one covered RV hookup. A generator provides reliable backup power, and a large backroom is available that could support gatherings or other events.
The property is located at 4313 N County Rd W in Odessa, Texas (Ector County). The site sits on a 1.04-acre lot and is configured to support day-to-day parking and secure access for building occupants and guests.
Key Highlights
- 12,604 SF office: Spacious, modern office layout.
- 3‑bedroom apartment with full kitchen: Ideal on‑site living.
- 15 covered parking spaces with one covered RV hookup: Convenient parking.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$167,743
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
—
—
no second resolved use
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office layout includes reception, private offices, conference rooms, plus on-site living quarters and generator-backed 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: Spacious, modern office layout.; 3‑bedroom apartment with full kitchen: Ideal on‑site living.; 15 covered parking spaces with one covered RV hookup: Convenient parking.
