Odessa Hospital Facility For
900 E 4th St Odessa, TX 79761
900 E 4th St, Odessa, TX, 79761
Contact for pricing
For Sale
Contact for pricing
Pending
44,000 SF former surgical hospital and outpatient surgery center.
Property Size44,000 SF
Days on Market729
Property Features for 900 E 4th St
General Information
- Standard status
- Pending
- Size
- 44,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2009
Listing agency
ParaSell Inc
Listed by
Scott Reid · License #9009637
Source
Crexi
Added: Jul 24, 2024 Updated: Jul 6 at 8:03AM Checked: Jul 22 at 7:29AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
The property, formerly known as GHP Hospital Odessa, is a 44,000 square foot facility that previously served as a short-stay surgical hospital and outpatient surgery center. Constructed in 2009, the building includes four operating rooms and fourteen private inpatient rooms. The building occupies a full city block and is currently vacant and available for immediate occupancy. The structural design allows for the addition of a third floor. The ownership is open to demising the space for multi-tenant use or reconfiguring the layout for alternative healthcare functions. It is strategically positioned along Interstate 20, less than one mile from Odessa Regional Medical Center Main Campus. The property is surrounded by a dense population base and a diverse mix of medical providers, making it ideally suited for an array of medical or specialty care uses.
Key Highlights
- Purpose‑built medical facility featuring four operating rooms and fourteen private inpatient rooms.
- Strategically located along Interstate 20, less than one mile from Odessa Regional Medical Center Main Campus.
- ±44,000 square foot facility on a full city block with expansion potential (third floor addition).
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 | $1.08M | $24.60 |
| − Vacancy | −$86.6k | −$1.97 |
| EGI | $995.8k | $22.63 |
| − OpEx | −$398.3k | −$9.05 |
| NOI | $597.5k | $13.58 |
44,000 SF · lease $24.60/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$8.54M
$7.47M – $9.96M
NOI $597,485 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$63.97M
$55.97M – $74.63M
NOI $4,477,627 @ 7.0% cap · market cap 55.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bartlett Richard P ...
Physician
West Texas Birth ...
Physician
Advanced Odessa Hospital ...
Hospital
Advanced Healthcare Clinics
Physician
Advanced Hospital Odessa ...
Hospital
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FAQs
What type of property is this?
Hospital - 44,000 SF former surgical hospital and outpatient surgery center.
Where is this hospital located?
The property is located at 900 E 4th St Odessa, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Purpose‑built medical facility featuring **four operating rooms and fourteen private inpatient rooms.**; Strategically located along Interstate 20, less than one mile from Odessa Regional Medical Center Main Campus.; **±44,000 square foot facility** on a full city block with expansion potential (third floor addition).
