Metal Office
6015 Andrews Hwy, Odessa, TX 79764
For Sale
$975,000
Commercial Sale, Odessa, TX
Property Size5,000 SF
Lot Size2.00 Acres
Price / SF$195
Days on Market137
Property Features for 6015 Andrews Hwy
General Information
Property type
Property subtype
Fencing
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
Black Orchid Real Estate, LLC
(432) 813-3538
Listed By:
Ronda Peroutka · License TX #680846
(432) 202-0182
Added: Jun 27
Changed: Nov 9
Last Checked: Nov 10 at 10:06PM
MLS# 175755
Copyright © 2026 Odessa 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.
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Investment Insights
Based on property information with market context.
This office property contains 5,000 square feet in a metal-constructed building completed in 2022. A metal roof and chain-link fencing are also present, and the building is identified as red.
The property occupies a 2-acre site at 6015 Andrews Hwy in Odessa, Texas.
The property occupies a 2-acre site at 6015 Andrews Hwy in Odessa, Texas.
Key Highlights
- 5,000 square feet of office building area
- 2‑acre site
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,544
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,880
$1.3M
Cap Rate 7%
$950,629
$950.6K
Cap Rate 9%
$739,378
$739.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$105.0K $21.00/SF
− Vacancy
−$16.3K −$3.26/SF
EGI
$88.7K $17.75/SF
− OpEx
−$22.2K −$4.44/SF
NOI
$66.5K $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%
$1,330,880
Cap Rate 7%
$950,629
Cap Rate 9%
$739,378
Alternative Uses
Best Use
Office B
$950.6K
$831.8K – $1.11M
NOI $66,544 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,958 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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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
$150,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Odessa, TX
Properties on Market for Office buildings in Odessa
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 2022-built property pairs metal construction with a chain-link-enclosed site for office use.
Where is this office building located?
The property is located at 6015 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 5,000 square feet of office building area; 2‑acre site; Built in 2022
