Flexible Office and Medical
620 S Grant Odessa, TX 79761
New
620 S Grant, Odessa, TX, 79761
$750,000
For Sale
$750,000
SINGLE_FAMILY - Odessa, TX
Property Size3,800 SF
Lot Size0.23 Acres
Price / SF$197.37
Days on Market2
Property Features for 620 S Grant
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 29200.00100.00000
- Size
- 3,800 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16685
Building Details
- Year built
- 1980
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
eXp Realty LLC
(888) 519-7431
9600 Great Hills Trail, Austin, TX
Listed by
Chase Moore
(432) 888-3074
Added: Jul 18 Checked: Jul 19 at 12:06 pm
MLS# 176290
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.
Investment Insights
Based on property information with market context.
This property is a single building with a flexible interior layout designed to accommodate a range of commercial uses, subject to zoning. The space includes multiple rooms, a full kitchen, a dedicated laundry area, and multiple restrooms that include several showers. The building is also equipped with a fire sprinkler system.
Located at 620 S Grant in Odessa, Texas, the property offers convenient access to major roads.
With approximately 3,800 square feet of flexible space, it may fit office, medical, nonprofit, educational, or workforce housing use cases depending on zoning approvals.
Located at 620 S Grant in Odessa, Texas, the property offers convenient access to major roads.
With approximately 3,800 square feet of flexible space, it may fit office, medical, nonprofit, educational, or workforce housing use cases depending on zoning approvals.
Key Highlights
- Approximately 3,800 SF commercial space with a flexible floor plan for multiple potential uses (subject to zoning)
- Multiple rooms plus a full kitchen and a dedicated laundry area
- Multiple restrooms with several showers
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
Property Profile
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 - Single building with multiple rooms, full kitchen, laundry area, and restrooms with showers, plus fire sprinkler system.
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 space with a flexible floor plan for multiple potential uses (subject to zoning); Multiple rooms plus a full kitchen and a dedicated laundry area; Multiple restrooms with several showers
