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Property profile & analytics

1941 37th St Odessa, TX 79762-6209

  • Commercial real estate
  • 5,066 SF
  • 0.39 lot acres
OFF-MARKET
Value Estimations
$970,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-4421856
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.

Current Use by Public Records

  • Haley Brennan / Physician
  • Rent-A-Potty Portable Toilet Rentals / Building Supply
  • Kelsi Locke / Physician

Property Details for 1941 37th St

Year built
1985
Lot size
0.39 lot acres
Property size
5,066 SF
Zone code
ED5
Property type
Commercial real estate
APN
21230.00120.00000
APU
212300012000000

Description

This exceptional 5,066-square-foot medical office building, situated on a 0.39-acre lot at 1941 E 37th St in Odessa, Texas, presents a compelling investment opportunity. Constructed in 1985, the single-story building boasts 14 individual offices, a dedicated workroom, a spacious lobby, and ample storage. The property also includes 32 paved parking spaces, ensuring convenient access for patients and staff. Its prime location within the North Park Plaza in central Odessa places it in a high-traffic area near 42nd Street, offering excellent visibility and accessibility. The building's proximity to Permian High School, restaurants, retail establishments, and Optimist Park further enhances its appeal. Ideal for a medical office user or a small company seeking a central location with easy access, this property offers a blend of functionality and convenience in a thriving Odessa neighborhood. The asking price is $1,000,000. The property is zoned for medical office use and features private restrooms. This is a rare opportunity to acquire a well-maintained, established medical office building in a desirable location. The zip code is 79762, and the property is located in Ector County.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,065,000
    6.5%
    $985,000
    7%
    $915,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $953,000
    Market price range: $304k - $953k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $590,000
    Current use
    OFFICE BUILDING
    $1,155,000
    Change: +96% Conversion: Easy
    RESTAURANT
    $695,000
    Change: +17% Conversion: Difficult
    AUTO REPAIR, GARAGE
    $625,000
    Change: +6% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Odessa
County
Ector
State
Texas
Longitude
-102.354
Latitude
31.8867
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
$12,122
$67,777
$507,196
$574,973
-
$67,777
$507,196
$574,973
More about this property
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