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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Medical Office Space
1220 University Blvd Odessa, TX 79764-7118
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-4298761
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
12,061 SF
Lot
1.22 ac (53,056 SF)
Zoning code
EB2
APN
16500.00110.00000
UPID
US82-4298761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
First Physicians: Westview Medical Clinic Medical Clinic
-
First Physicians: Steven Siegler, MD Pediatrician Physician
-
Parsons Darrell S MD Physician
-
Dr. Jack M Thomas MD Physician
-
Bonita Abraham Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$585k
Owner & transaction history
Collinwood Partners LLC · 10 yrs held
Collinwood Partners LLC
since 2015
4 recorded transactions
Zoning & alternative use
EB2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$910,000
Current use
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,158
Tax year 2023
Assessed value
$1,098,488
Assessed 2023
Previous assessed
$1,098,488
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$225,420
Assessed improvement
$873,068
Land market value
$225,420
Improvement market value
$873,068
Total market value
$1,098,488
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Total area
12,061 SF
Lot
1.22 ac (53,056 SF)
Zoning code
EB2
APN
16500.00110.00000
UPID
US82-4298761
Jurisdiction
ECTOR
Zoning & alternative use
EB2 · Odessa, TXZoning EB2 · permitted uses
EB2 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$910,000
MEDICAL BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Collinwood Partners LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4222 WENDOVER AVE STE #600, ODESSA, TX 79762-5983
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2018
—
Collinwood Partners LLC
—
Grant Deed
related
$1,065,766 · Lone Star St Bk/w Tx
Sep 24, 2015
—
Collinwood Partners LLC
First Physicians Pa
Grant Deed
related
—
Jun 2, 2011
—
Michael V Shelton Md Pa
Odessa Babbitt Bearing Corporation
Venders Lien
$648,000 · Lone Star State Bank Of West Texas
—
—
Michael V Shelton
—
Deed Of Trust
related
$1,420,000 · Lone Star State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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