Office Building with Open
For Sale
$1,200,000
809 Tower Dr, Odessa, TX 79761
SINGLE_FAMILY - Odessa, TX
Property Size8,130 SF
Lot Size0.58 Acres
Price / SF$147.60
Days on Market206
Property Features for 809 Tower Dr
General Information
Property type
Residential
Property subtype
Office
Accessibility
Accessible Approach with Ramp
Appliances
Individual AC Units
Subdivision
Odessa Office Park
Lot features
Lighted Parking
Standard status
Active
APN
21800.00340.00000
Size
8,130 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Annual Amount
15830
Utilities
Utilities
Cable Available
Building Details
Year built
1966
Building materials
Stucco
Roof type
Flat
Listing Agency:
SIMS & GUESS, REALTORS
(432) 368-6800
Listed By:
Nicole Pool · License #0731309
(432) 553-3679
Added: Jan 7
Changed: Jun 3
Last Checked: Aug 1 at 11:06AM
MLS# 165382
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 office building offers a versatile interior designed for professional and medical services, with 10+ executive offices plus a shared office or cubicle area. The space also includes a conference room, training center, storage, kitchenette, copy room, and a sun-filled open atrium. The building is described as ADA compliant and includes secure facilities with dedicated restrooms.
Located at 809 Tower Dr in Odessa, Texas, the property is positioned as a convenient, visibility-oriented office setting. The listing notes 34 parking spaces, five HVAC units, and a reverse osmosis system. Additional site improvements referenced include automatic tree irrigation.
For prospective tenants, buyers, or operators, the combination of private offices, shared work areas, and dedicated meeting and training space can support a range of corporate, legal, and professional workflows. The inclusion of ADA compliance, secure design elements, and on-site restroom and service support areas can help accommodate day-to-day business operations. With ample parking and multiple HVAC units, the building is presented as a ready-to-occupy option for service-oriented uses requiring flexible space planning.
Located at 809 Tower Dr in Odessa, Texas, the property is positioned as a convenient, visibility-oriented office setting. The listing notes 34 parking spaces, five HVAC units, and a reverse osmosis system. Additional site improvements referenced include automatic tree irrigation.
For prospective tenants, buyers, or operators, the combination of private offices, shared work areas, and dedicated meeting and training space can support a range of corporate, legal, and professional workflows. The inclusion of ADA compliance, secure design elements, and on-site restroom and service support areas can help accommodate day-to-day business operations. With ample parking and multiple HVAC units, the building is presented as a ready-to-occupy option for service-oriented uses requiring flexible space planning.
Key Highlights
- Premier Odessa location with high visibility and convenience.
- Versatile layout featuring 10+ executive offices, conference room, and training center.
- 34 parking spaces.
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 | $200.0k | $24.60 |
| − Vacancy | −$16.0k | −$1.97 |
| EGI | $184.0k | $22.63 |
| − OpEx | −$73.6k | −$9.05 |
| NOI | $110.4k | $13.58 |
8,130 SF · lease $24.60/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.58M
$1.38M – $1.84M
NOI $110,399 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$1.55M
$1.35M – $1.80M
NOI $108,200 @ 7.0% cap · market cap 9.02%
Theoretical Best
Flex RnD
$11.82M
$10.34M – $13.79M
NOI $827,343 @ 7.0% cap · market cap 68.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
838
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
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 - Versatile ADA-compliant office facility with executive offices, shared workspace, and conference space for professional and medical use.
Where is this office building located?
The property is located at 809 Tower Dr Odessa, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Premier Odessa location with high visibility and convenience.; Versatile layout featuring 10+ executive offices, conference room, and training center.; 34 parking spaces.
