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    3016 Kermit Hwy Odessa, TX 79764

    For Lease
    Contact for pricing

    Prime Office Space, 13,655 SF Available

    Lot size:
    33,428 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional office property, located in West Odessa at 3016 Kermit Hwy, offers a substantial 13,655 square feet of immediately available space within a larger 33,428 square foot building. The property is situated on a generous 4.46 acres of land, providing ample parking for tenants and visitors. Built in 1993, the building offers a blend of traditional office spaces and open areas, ideal for a variety of business configurations. The layout includes over 30 individual offices, perfect for private work or smaller teams, complemented by expansive open floor space suitable for workstations, collaborative areas, or other customized uses. This versatile space is perfectly positioned for businesses seeking convenient access to both the Delaware and Midland Basins, key areas for significant economic activity. The property's multiple tenancy structure allows for flexibility and potential for shared occupancy. The available space presents a unique opportunity for businesses seeking a prominent location with substantial space and convenient access to major industrial hubs. The property is located in Ector County. This is a rare opportunity to secure a significant footprint in a thriving West Odessa location.

    Property Features for 3016 Kermit Hwy

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,428 SF

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Ste B
    Size
    13,655 SF

    HighLights

    • 33,428 square foot office building in Odessa, Texas.
    • 13,655 square feet of vacant office space available for lease.
    • Multiple tenancy office building with a mix of traditional office and coworking space.
    • Situated on a 4.46‑acre lot.
    • Built in 1993.
    • Located in Ector County, Texas, with convenient access to the Delaware and Midland Basins.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aging & Disability Services ... Social Services Organization Assistive & Rehabilitative Services State Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.39637333367
    Latitude
    31.867198286082

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    FAQs

    What type of property is this?
    Coworking space - Prime Office Space, 13,655 SF Available
    Where is this coworking space located?
    The property is located at 3016 Kermit Hwy Odessa, TX.
    What are key features of this property?
    This property features: 33,428 square foot office building in Odessa, Texas.; 13,655 square feet of vacant office space available for lease.; Multiple tenancy office building with a mix of traditional office and coworking space.
    Request Owner's contact information
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    Odessa, TX 79764
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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
    3016 Kermit Hwy Odessa, TX 79764
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