500 4Th StOdessa, TX 79761

Property Details for 500 4Th St

Year built

2000

Lot size

2.07 AC

Property size (Sq ft)

13,045 SF

Zone code

EE1

Property type

Medical offices

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,935,342

  6.5%

  $1,786,469

  7%

  $1,658,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,163,826

  Geo Method

  $2,964,737

• Alternative Use

  Use

  Valuation

  Residential

  $2,215,222

  Hospitality

  $2,029,131

  Educational

  $1,688,213

  Medical

  $1,746,274

  Retail

  $2,626,110

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8495

Longitude

-102.364

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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