1941 37th St Odessa, TX 79762-6209
- Commercial real estate
- 5,066 SF
- 0.39 lot acres
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
-
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
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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