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Property profile & analytics
FOR SALE
Office buildings
3205 Kermit Hwy Odessa, TX 79764
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-3960133
For Sale
1 / 25
$2,000,000
3205 Kermit Hwy, Odessa, TX 79764
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
23,966 SF
Lot
1.8 ac (78,408 SF)
Zoning code
EB1
APN
13600.01860.00000
UPID
US82-3960133
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
-
A-1 Construction Co Inc Construction Company
-
New Era Electrical and Instrumentation Electrical Service General Contractor
-
Black Lotus Property Group Real Estate Agency
-
Prospects Hotshot Llc Freight Service Logistics Company
-
Lashes N Vain Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$4.57M
Owner & transaction history
Sfnplaza LLC · 2 yrs held
Sfnplaza LLC
since 2024
4 recorded transactions
Zoning & alternative use
EB1 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,670,000
6.5%
$5,235,000
7%
$4,860,000
Blend value · Realmo final
$4.57M
Range $4.11M – $5.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,028
Tax year 2023
Assessed value
$950,000
Assessed 2023
Previous assessed
$950,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$116,816
Assessed improvement
$833,184
Land market value
$116,816
Improvement market value
$833,184
Total market value
$950,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1977
Heating
NONE
Stories
1
Total area
23,966 SF
Lot
1.8 ac (78,408 SF)
Zoning code
EB1
APN
13600.01860.00000
UPID
US82-3960133
Jurisdiction
ECTOR
Zoning & alternative use
EB1 · Odessa, TX
Zoning EB1 · permitted uses
EB1 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Sfnplaza LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2264 WHITESVILLE RD, TOMS RIVER, NJ 08755-1041
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
—
Sfnplaza LLC
Obbco Consolidated Industries INC
Warranty Deed
—
Jun 23, 2020
—
Odessa Babbit Bearing Co
—
Deed
related
—
—
—
Odessa Babbit Bearing Co
—
Loan Modification
related
—
—
—
Odessa Babbitt Bearing Co
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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