2201 E 8Th St, Odessa, TX 79761
For Sale
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This exceptional 3,150 square foot executive office building, situated on a sizable 0.72-acre corner lot in Odessa, Texas, presents a compelling investment opportunity. Built in 1967, the single-story structure boasts ample covered and asphalt parking, catering to both employees and clients. The interior features numerous rooms, each equipped with windows, providing excellent natural light and a pleasant work environment. A dedicated conference room facilitates efficient meetings and collaborations. Adding to its versatility, a rear garage offers potential for vehicle maintenance, a workshop, or additional storage space, accessible via two bay doors. The property is serviced by city water and sewer. Its strategic location ensures high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $770,000, translating to $209.52 per square foot and $916,666.67 per acre. A 5-year NNN lease is available. This property's diverse functionality and prime location make it an attractive investment for discerning buyers seeking a strong return. The building's adaptable layout is well-suited for various uses, including car dealerships, salons, multi-stylist hair salons, or office spaces requiring a conference room. The ample parking and convenient access points further enhance its appeal. This is a rare opportunity to acquire a well-maintained commercial property in a thriving Texas market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EE3 · Odessa, TXOdessa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.