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Property profile & analytics
OFF-MARKET Estimated value $6,380,000
Office buildings

3016 Kermit Hwy Odessa, TX 79764-7307

33,428 SF 4.42 ac lot Built 1993
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US82-3798756
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Total area 33,428 SF
Lot 4.42 ac (192,405 SF)
Zoning code EB2
APN 07500.00030.00000
UPID US82-3798756
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Aging & Disability Services Department Social Service Agency Charitable Organization
  • Assistive & Rehabilitative Services State Government Office Health
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.30M
Comparable Approach Comparable
$5.45M
Blend (final) Blend
$6.38M
Owner & transaction history
Commercial State Bank · 19 yrs held
Commercial State Bank
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
EB2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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