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    900 4Th St Odessa, TX 79761

    Sponsored
    For Sale
    $12,000,000

    14-bed surgical hospital, vacant, $12M

    Property size:
    44,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 44,000 square foot medical office building, situated on a 2.12-acre lot in Odessa, Texas, presents a unique investment opportunity. Built in 2009 as a state-of-the-art short-stay acute care surgical hospital, the property boasts 14 private inpatient rooms and four operating rooms, along with 12 pre-op and 12 PACU bays. Currently vacant, this two-story building offers immediate occupancy and significant potential. Its design allows for flexible multi-tenancy configurations with separate entrances, and the original plans included the possibility of adding a third floor for future expansion. Conveniently located near Interstate 20, this property benefits from strong regional access and proximity to other healthcare providers, including the Odessa Regional Medical Center, less than a mile away. The Odessa MSA boasts a median household income exceeding $75,000, and the city's population is growing steadily. The property's location within a major oil and gas center further enhances its appeal. The original design and construction were tailored to the needs of physician-owners, reflecting a high standard of quality and functionality. This property offers a compelling opportunity for a healthcare provider seeking a well-equipped facility in a thriving market. The asking price is $12,000,000, with a price per square foot of $272.73. Parking is provided at a ratio of 2 spaces per 1,000 square feet. The property is offered fee simple.

    Property Features for 900 4Th St

    General Information

    Property type
    Medical offices
    Square Feet
    44,000 SF
    Lot Size
    92,347 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 44,000 SF medical office building with 14 private inpatient rooms, 4 operating rooms, 12 pre‑op bays, and 12 PACU bays.
    • Strong demographics: Odessa MSA median household income exceeds $75,000.
    • Built‑to‑suit design allows for flexible multi‑tenancy and potential third‑floor expansion.
    • Prime location in Odessa's oil and gas center, near I‑20 and Odessa Regional Medical Center.
    • Established population base of 172,000 with 2% annual growth since 2020.
    • Proximity to Odessa Regional Medical Center offers potential patient referral opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bartlett Richard P ... Cardiologist West Texas Birth ... Obstetrician-Gynecologist Advanced Odessa Hospital ... Hospital Advanced Healthcare Clinics Doctor Advanced Hospital Odessa ... Emergency Room

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3595613
    Latitude
    31.8517044

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    FAQs

    What type of property is this?
    Medical office - 14-bed surgical hospital, vacant, $12M
    Where is this medical office located?
    The property is located at 900 4Th St Odessa, TX.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: 44,000 SF medical office building with 14 private inpatient rooms, 4 operating rooms, 12 pre-op bays, and 12 PACU bays.; Strong demographics: Odessa MSA median household income exceeds $75,000.; Built-to-suit design allows for flexible multi-tenancy and potential third-floor expansion.
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    Odessa, TX 79761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 4Th St Odessa, TX 79761
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