1301 E 2nd St Odessa, TX 79761
COMMERCIAL - Odessa, TX
Property Features for 1301 E 2nd St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,972 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Description
- DIXIE ADDN, BLOCK 1, LOTS 1-2
- Tax Annual Amount
- 4138
Building Details
- Year built
- 1962
Listing agent Chris Beckett Broker Owner CRS GRI ASR e-Pro (432) 349-7000
Listing office Pine & Beckett - Chris Beckett 4400 N BIG SPRING ST. STE E-100, Austin, TX (432) 686-7000
Listing date Apr 24, 2025
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic corner lot location at the intersection of Dixie and 2nd St/Bus. 20.
- Zoned Light Industrial (LI) offering diverse usage possibilities.
- High daily traffic count: 19,000 cars on 2nd/Bus. 20 and 11,500 cars on Dixie.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $19.20 |
| − Vacancy | −$2.7k | −$1.34 |
| EGI | $35.2k | $17.86 |
| − OpEx | −$8.8k | −$4.46 |
| NOI | $26.4k | $13.39 |