3016 Kermit Hwy Odessa, TX 79764-7307
This exceptional office property, located in West Odessa at 3016 Kermit Hwy, offers a substantial 13,655 square feet of immediately available space within a larger 33,428 square foot building. The property is situated on a generous 4.46 acres of land, providing ample parking for tenants and visitors. Built in 1993, the building offers a blend of traditional office spaces and open areas, ideal for a variety of business configurations. The layout includes over 30 individual offices, perfect for private work or smaller teams, complemented by expansive open floor space suitable for workstations, collaborative areas, or other customized uses. This versatile space is perfectly positioned for businesses seeking convenient access to both the Delaware and Midland Basins, key areas for significant economic activity. The property's multiple tenancy structure allows for flexibility and potential for shared occupancy. The available space presents a unique opportunity for businesses seeking a prominent location with substantial space and convenient access to major industrial hubs. The property is located in Ector County. This is a rare opportunity to secure a significant footprint in a thriving West Odessa location.
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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
EB2 · Odessa, TXCosts & 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.