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Property profile & analytics

650 John Ben Shepperd Pkwy Odessa, TX 79761-2010

  • Commercial real estate
  • 6,972 SF
  • 1.19 lot acres
OFF-MARKET
Value Estimations
$1,280,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-7238686
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.

Current Use by Public Records

  • 1st Staffing Group USA Ltd. / Employment Agency

Property Details for 650 John Ben Shepperd Pkwy

Year built
2013
Lot size
1.19 lot acres
Property size
6,972 SF
Zone code
ES2
Property type
Commercial real estate
APN
23650.00010.16700
APU
236500001016700

Description

This exceptional 6,972 square foot office building, constructed in 2013, presents a unique investment opportunity in Odessa, Texas. Located at 650 S John Ben Shepperd Pkwy, this single-story building sits on a 1.19-acre lot and offers versatile space ideal for a variety of uses, including creative office, medical office, or traditional office settings. The property boasts up to sixteen separate offices, a large conference or training room, and a spacious lobby area with potential for retail use. The building's prime location is less than a quarter-mile from I-20, ensuring high visibility and convenient access. A significant advantage is the large area behind the building, providing ample space for future expansion, such as adding warehouse facilities. The asking price is $1,699,000, translating to $243.69 per square foot. The property is available for occupancy starting August 19, 2024. This is a rare opportunity to acquire a well-maintained, adaptable office building in a thriving Texas market. The property's versatility, prime location, and expansion potential make it an attractive investment for discerning buyers. Don't miss this chance to own a piece of Odessa's commercial landscape.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,465,000
    6.5%
    $1,355,000
    7%
    $1,260,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,206,000
    Market price range: $416k - $1.21M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $770,000
    Current use
    OFFICE BUILDING
    $1,175,000
    Change: +52% Conversion: Easy
    RESTAURANT
    $900,000
    Change: +17% Conversion: Difficult
    AUTO REPAIR, GARAGE
    $860,000
    Change: +12% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Odessa
County
Ector
State
Texas
Longitude
-102.319
Latitude
31.8588
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
$16,533
$61,426
$959,961
$1,021,387
-
$61,426
$959,961
$1,021,387
More about this property
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