Medical and Office
620 S Grant Odessa, TX 79761
New
620 S Grant, Odessa, TX, 79761
$750,000
For Sale
$750,000
Approximately 3,800 SF office building with multiple rooms, a full kitchen, laundry area, and fire sprinklers.
Property Size3,800 SF
Price / SF$197.37
Days on Market2
Property Features for 620 S Grant
General Information
- Standard status
- Active
- Size
- 3,800 SF
Building Details
- Year Built
- 1980
Listing agency
eXp Realty LLC
(432) 701-0550
Listed by
Chase Moore
Source
Raftercrossrealty
Added: Jul 21 Updated: Jul 22 at 5:36PM Checked: Jul 22 at 5:36PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This offering is an approximately 3,800 SF office building designed with a flexible interior layout and multiple rooms. The space includes a full kitchen and a dedicated laundry area, along with multiple restrooms featuring several showers. The building is equipped with a fire sprinkler system.
The property is described as being in the heart of Odessa with convenient access to major roads. It is offered for sale only, and suitable use is subject to zoning.
Inside, the combination of rooms, kitchen, laundry, and restrooms with showers supports a range of commercial configurations within the limitations of applicable zoning.
The property is described as being in the heart of Odessa with convenient access to major roads. It is offered for sale only, and suitable use is subject to zoning.
Inside, the combination of rooms, kitchen, laundry, and restrooms with showers supports a range of commercial configurations within the limitations of applicable zoning.
Key Highlights
- Approximately 3,800 SF commercial building with flexible floor plan
- Multiple rooms and options for office, medical, non‑profit, educational, workforce housing, or other commercial uses (subject to zoning)
- Full kitchen plus laundry area
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.5k | $24.60 |
| − Vacancy | −$7.5k | −$1.97 |
| EGI | $86.0k | $22.63 |
| − OpEx | −$34.4k | −$9.05 |
| NOI | $51.6k | $13.58 |
3,800 SF · lease $24.60/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$737.2K
$645.0K – $860.0K
NOI $51,601 @ 7.0% cap · market cap 6.88%
Second Best
Office B
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 6.74%
Theoretical Best
Flex RnD
$5.52M
$4.83M – $6.45M
NOI $386,704 @ 7.0% cap · market cap 51.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Social Host
Social Service Agency
Mix It Up ...
Marketing & Advertising
Goosehead Insurance - The Valenzuela ...
Insurance Agency
Thomas Rebecca
Alternative Medicine Practice
Star Hospice
Employment Agency
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FAQs
What type of property is this?
Office building - Approximately 3,800 SF office building with multiple rooms, a full kitchen, laundry area, and fire sprinklers.
Where is this office building located?
The property is located at 620 S Grant Odessa, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3,800 SF commercial building with flexible floor plan; Multiple rooms and options for office, medical, non‑profit, educational, workforce housing, or other commercial uses (subject to zoning); Full kitchen plus laundry area
