Office Building with Full
For Sale
$699,999
620 S Grant, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size3,800 SF
Lot Size0.23 Acres
Price / SF$184.21
Days on Market97
Property Features for 620 S Grant
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Smith Pearson
Lot features
Corner Lot
Standard status
Active
APN
29200.00100.00000
Size
3,800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
16685
Amenities
full kitchen
laundry area
multiple restrooms with several showers
Building Details
Year built
1980
Building materials
Brick
Roof type
Flat
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Chase Moore
(432) 888-3074
Added: Jul 19
Changed: Oct 8
Last Checked: Oct 23 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
The 3,800-square-foot office building in Odessa has a flexible, multi-room interior with a full kitchen, laundry area, several restrooms, and multiple showers. A fire sprinkler system serves the building. Brick construction and a flat roof complete the physical profile, and the property was built in 1980.
The 0.228-acre site is at 620 S Grant in Odessa, with access to major roads.
The 0.228-acre site is at 620 S Grant in Odessa, with access to major roads.
Key Highlights
- 3,800 square feet with a flexible, multi‑room floor plan
- Full kitchen, laundry area, several restrooms, and multiple showers
- Fire sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,573
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,460
$1.0M
Cap Rate 7%
$722,471
$722.5K
Cap Rate 9%
$561,922
$561.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$79.8K $21.00/SF
− Vacancy
−$12.4K −$3.26/SF
EGI
$67.4K $17.75/SF
− OpEx
−$16.9K −$4.44/SF
NOI
$50.6K $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%
$1,011,460
Cap Rate 7%
$722,471
Cap Rate 9%
$561,922
Alternative Uses
Best Use
Office B
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$5.52M
$4.83M – $6.45M
NOI $386,704 @ 7.0% cap · market cap 55.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,963
Businesses Nearby
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
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
Frequently Asked Questions
What type of property is this?
Office building - A multi-room layout includes laundry, several restrooms, showers, and a 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 $699,999.
What are key features of this property?
This property features: 3,800 square feet with a flexible, multi‑room floor plan; Full kitchen, laundry area, several restrooms, and multiple showers; Fire sprinkler system
