Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$22,000,000
Office buildings
1408 Interstate 20 Odessa, TX 79763-2576
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7223340
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
2,000 SF
Lot
4.56 ac (198,764 SF)
Zoning code
EB7
APN
36550.00270.00000
UPID
US82-7223340
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.00M
Owner & transaction history
Erp 1031 Industrial Portfolio II Ds · 1 yrs held
Erp 1031 Industrial Portfolio II Ds
since 2024
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
EB7 · 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
$22,000,000
ML approach
$22,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.00M
Range $19.80M – $24.20M · ±10% · vs last sale $22.00M (Oct 2 2024)
Last sale anchor
$22.00M
Oct 2 2024
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
$11,000 / 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
$48,488
Tax year 2023
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$127,195
Assessed improvement
$2,172,805
Land market value
$127,195
Improvement market value
$2,172,805
Total market value
$2,300,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
8
Total area
2,000 SF
Lot
4.56 ac (198,764 SF)
Zoning code
EB7
APN
36550.00270.00000
UPID
US82-7223340
Jurisdiction
ECTOR
Zoning & alternative use
EB7 · Odessa, TX
Zoning EB7 · permitted uses
EB7 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Buildings
8
Lot
4.56 ac
Current owner
From public records · entity-resolved
Erp 1031 Industrial Portfolio II Ds
Individual
Mailing address
400 W ILLINOIS AVE STE #1630, MIDLAND, TX 79701-4310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$22,000,000
Erp 1031 Industrial Portfolio II Ds
Erp 1408 West Interstate 20 LLC
Deed
$22,000,000 · Gecu FCU
Oct 22, 2020
—
Erp 1408 West Interstate 20 LLC
Jks Cattle & Land LLC
Venders Lien
$2,698,267 · Firstcapital Bank Of Texas NA
Jan 25, 2019
—
Jks Cattle & Land LLC
Mesquite Cattle & Land LLC
Grant Deed
related
—
Oct 30, 2014
—
Mesquite Cattle & Land LLC
Energy Sales LLC
Venders Lien
$2,326,500 · Frost Bank
Aug 6, 2010
—
Energy Sales LLC
Capps,randall
Warranty Deed
related
$656,640 · Community National Bank
—
—
Energy Sales LLC
—
Deed Of Trust
related
$625,538 · Community National Bank
—
—
Energy Sales LLC
—
Deed Of Trust
related
$646,640 · Community National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1408 Interstate 20?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
