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    500 4th St Odessa, TX 79761-5110

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    500 4th St Odessa, TX 79761-5110


    • Medical Office Space
    • 13,045 SF
    • 2.07 lot acres
    Off-Market
    Property ID
    US82-2030316
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Center Hospital Speech / Physician
    • Fresenius Medical Care at Odessa Regional Medical Center / Hospital
    • MCH Volunteer Services / Volunteer Organization / Charitable Organization
    • Dr. Errol C. Anderson, MD / Physician / Medical Clinic
    • Dr. Meghana R. Gillala, MD / Physician

    Property Details for 500 4th St

    Year built
    2000
    Lot size
    2.07 lot acres
    Property size
    13,045 SF
    Zone code
    EE1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    22000.04370.00000
    APU
    220000437000000

    Description

    This exceptional 2,764 square foot medical office suite is available for lease in Odessa, Texas. Located at 500 E 4th St, 79761, this single-tenant space is situated on a 2.06-acre lot within a two-building, one-story complex built in 2000. The suite boasts a convenient South Entrance location with easy parking access. An adjacent 4,888 square foot ambulatory center is also available for lease. Interior features include a well-appointed kitchen, an oversized conference room, and a restroom. The executive office is particularly noteworthy, featuring wooden baseboards and shutters, a coat closet, floor-to-ceiling built-ins, a large sitting area with faux wood vinyl laminate flooring, and a distinct library-like ambiance. Three additional carpeted offices provide ample space for staff or various functions. The property is zoned for Light Commercial use, making it ideal for a variety of medical or professional practices. This turnkey space offers immediate occupancy and is ready for your business to thrive.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $635,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,282,000
      Market price range: $672k - $1.28M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $965,000
      Current use
      COMMERCIAL (GENERAL)
      $1,440,000
      Change: +49% Conversion: Easy
      RETAIL STORES
      $1,325,000
      Change: +37% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.364
    Latitude
    31.8495
    CBSA code
    36220
    CBSA name
    ODESSA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $71,095
    $306,900
    $3,065,453
    $3,372,353
    -
    $306,900
    $3,065,453
    $3,372,353
    More about this property
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