The property is an office building built in 1977, located on a corner lot at 3205 Kermit Hwy in Odessa. It contains 30+ private offices configured across multiple suite layouts, along with a conference room and a larger event and conference area. The interior includes office improvements that have been maintained, and the building is supported by on-site parking, exterior lighting, and access via paved city roads. The property’s current use is office space arranged for professional occupancy, and it has an established level of tenancy reported as 100%.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$20k

Tax billed · 2023

Assessed value$950k

Assessed land$117k

Assessed improvement$833k

Effective rate2.11%

Value estimate

· Nov 2026

$750k

$675k – $825k

CAP approach$5.24M

Submarket $/SF estimate$3.91M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

EB1

JurisdictionECTOR

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency18.2

Dental Office16.0

Law Firm15.9

3205 Kermit Hwy Odessa, TX 79764-6422

County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 12 properties nearby

Address Sale price Sold Size

4809 42nd, Odessa, TX 79764-1075 $74,998 Dec 2024 720 SF

3807 County W, Odessa, TX 79764-6412 $900,000 Oct 2024 384 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$875,000

3,968 SF

8801 County W Rd

OFFICE BUILDING

8801 County W Rd, Odessa, TX 79764-1213

View Details
Value Estimation
$575,000

3,600 SF

715 81st St

OFFICE BUILDING

715 81st St, Odessa, TX 79764-1905

View Details
Value Estimation
$710,000

3,450 SF

2605 42nd St

OFFICE BUILDING

2605 42nd St, Odessa, TX 79764-6314

View Details
Value Estimation
$705,000

3,116 SF

6414 University Blvd

OFFICE BUILDING

6414 University Blvd, Odessa, TX 79764

View Details
Value Estimation
$360,000

2,404 SF

3513 Mankins Ave

OFFICE BUILDING

3513 Mankins Ave, Odessa, TX 79764-6530

View Details
Value Estimation
$370,000

1,750 SF

3311 County W Rd

OFFICE BUILDING

3311 County W Rd, Odessa, TX 79764

View Details

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Similar in This City for Lease

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Flex Space with Crane

Industrial flex property combines office accommodations, warehouse areas, and a separate shop with secured site features.

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Office and Shop Flex Space

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Flex Space with 3-Bay Shop

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3205 Kermit Hwy Odessa, TX 79764

Property summary