Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1620 Viceroy Ave Odessa, TX 79763-5017
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1620 Viceroy Ave Odessa, TX 79763-5017

    View on Map
    • Office buildings
    • 800 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US82-4679560
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Total Service Supply / Industrial Manufacturer / Production Facility

    Property Details for 1620 Viceroy Ave

    Year built
    1979
    Lot size
    0.53 lot acres
    Property size
    800 SF
    Zone code
    EB7
    Property type
    Office buildings
    APN
    34060.00180.00000
    APU
    340600018000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.391
    Latitude
    31.8181
    CBSA code
    36220
    CBSA name
    ODESSA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,102
    $10,537
    $303,546
    $314,083
    -
    $10,537
    $303,546
    $314,083

    Comparable in this City

    • Value Estimation by Request
      1,819 SF

      1501 2nd St

      OFFICE BUILDING • 1,819 SF
      1501 2nd St, Odessa, TX 79763-4320
      View Details
    • Value Estimation
      $1,995,000
      8,847 SF

      9217 Murphy St

      OFFICE BUILDING • 8,847 SF
      9217 Murphy St, Odessa, TX 79763
      View Details
    • Value Estimation
      $3,990,000
      15,200 SF

      2830 Interstate 20

      OFFICE BUILDING • 15,200 SF
      2830 Interstate 20, Odessa, TX 79763-5104
      View Details
    • Value Estimation by Request
      800 SF

      12200 Interstate 20

      OFFICE BUILDING • 800 SF
      12200 Interstate 20, Odessa, TX 79763-8313
      View Details
    • Value Estimation
      $555,000
      2,664 SF

      2822 Interstate 20

      OFFICE BUILDING • 2,664 SF
      2822 Interstate 20, Odessa, TX 79763-5104
      View Details
    • Value Estimation
      $1,115,000
      8,060 SF

      1550 Interstate 20

      OFFICE BUILDING • 8,060 SF
      1550 Interstate 20, Odessa, TX 79763-4904
      View Details

    Similar Nearby for Sale

    • $1,350,000
      12,936 SF

      Odessa Flex Space For Sale

      12,936 SF flex space on 2.06 acres in Odessa, TX.
      1622 W 2Nd St, Odessa, TX 79763
      View Details
    • New
      $1,498,000
      7,600 SF

      Odessa Commercial Property with Housing

      Highway frontage property with offices, workshop, and residential units.
      12200 W I-20, Odessa, TX 79763
      View Details
    • $1,100,000
      11,200 SF

      New Construction Flex/Industrial Building

      New 11,200 SF flex/industrial building on 2.35 acres.
      1850 N Palomino Ave, Odessa, TX 79763
      View Details
    • Contact for pricing
      5,000 SF

      Versatile Office/Warehouse/Yard Opportunity

      Multi-purpose property with office, warehouse, yard, and secured parking.
      3111 Fm 1936, Odessa, TX 79763
      View Details
    • $1,100,000
      5,250 SF

      Odessa Industrial Property with Office

      Industrial property featuring warehouse and office space on 1.7 acres.
      2466 Fm 1936, Odessa, TX 79763
      View Details
    • $450,000
      4,440 SF

      Versatile Commercial Building in Odessa

      4,440 sq ft building suitable for retail, office, showroom.
      801 2Nd St, Odessa, TX 79763
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,250 SF

      2450 I-20

      Distribution centers • 3,250 SF
      2450 I-20, Odessa, TX 79763
      View Details
    • Contact for pricing

      New Construction Commercial Property

      New construction commercial property with shop and office space for lease.
      14010 Silver Fox Trl, Odessa, TX 79763
      View Details
    • Contact for pricing

      Retail Strip Near Walmart

      Retail space available in high-traffic Odessa location.
      1801 Linda Ave, Odessa, TX 79763
      View Details
    • Contact for pricing

      I-20 Frontage Commercial Property

      Commercial property with I-20 frontage, suitable for shop and office.
      850 I-20, Odessa, TX 79763
      View Details
    • $8,000 /Mo
      6,200 SF

      Commercial Office and Shop Space

      6,200 SF office and shop on 1.5-acre corner lot.
      4424 W 8Th St, Odessa, TX 79763
      View Details
    • Contact for pricing

      New Industrial Building Near I-20

      Newly constructed industrial building with easy access to I-20.
      8340 Boles Rd, Odessa, TX 79763
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1620 Viceroy Ave
    Odessa, TX 79763-5017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!