Commercial Building with Covered
2201 E 8th St Odessa, TX 79761
2201 E 8th St, Odessa, TX, 79761
$750,000
For Sale
$750,000
SINGLE_FAMILY - Odessa, TX
Property Size3,150 SF
Lot Size0.72 Acres
Price / SF$238.10
Days on Market477
Property Features for 2201 E 8th St
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- Size
- 3,150 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Description
- Property Location 2201 E 8TH ST Property Legal Description ODESSA OFFICE PARK LOT 35 Land Size 0.7230 Verify all.
- Tax Annual Amount
- 4773
Building Details
- Year built
- 1962
Listing agency
New Heights Real Estate
(210) 824-1476
Listed by
Cassandra Pearce · License #TREC 0588281
(432) 703-2545
Added: Apr 2, 2025 Updated: Jun 8 at 12:30PM Checked: Jul 22 at 2:06AM
MLS# 50081174
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.
Available for sale and lease, this commercial building sits on a large corner lot and includes covered parking plus asphalt parking. The property is described as having many rooms with windows, along with offices and a conference room.
A garage is located in the back, providing space that may support vehicle-related work or serve as an expanded shop area, or be adapted as additional space with the existing back garage configuration and on-site parking. City water and sewer are available, and the building includes windowed rooms throughout.
The layout is geared toward office and service uses, including the ability to support client-facing areas via the multiple windowed rooms and conference room. It can also fit automotive-oriented concepts given the rear garage/work setup and the on-site parking for customers and vehicles, as well as specialty retail or personal services such as a nail or tanning salon, or office use that accommodates multiple stylists.
A garage is located in the back, providing space that may support vehicle-related work or serve as an expanded shop area, or be adapted as additional space with the existing back garage configuration and on-site parking. City water and sewer are available, and the building includes windowed rooms throughout.
The layout is geared toward office and service uses, including the ability to support client-facing areas via the multiple windowed rooms and conference room. It can also fit automotive-oriented concepts given the rear garage/work setup and the on-site parking for customers and vehicles, as well as specialty retail or personal services such as a nail or tanning salon, or office use that accommodates multiple stylists.
Key Highlights
- 1962‑built commercial building with 3,150 SF on a large corner lot
- Covered parking plus asphalt parking, with additional parking and two two‑bay doors
- Includes a conference room and many rooms with windows and offices
Local Financial Insights For Office B
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 | $66.2k | $21.00 |
| − Vacancy | −$10.3k | −$3.26 |
| EGI | $55.9k | $17.75 |
| − OpEx | −$14.0k | −$4.44 |
| NOI | $41.9k | $13.31 |
3,150 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Industrial
$2.67M
$2.34M – $3.12M
NOI $186,940 @ 7.0% cap · market cap 24.93%
Second Best
Office B
$598.9K
$524.0K – $698.7K
NOI $41,923 @ 7.0% cap · market cap 5.59%
Theoretical Best
Flex RnD
$4.58M
$4.01M – $5.34M
NOI $320,557 @ 7.0% cap · market cap 42.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blue Whale Hand ...
Car Wash
Similar For Sale Nearby
Similar Off Market Nearby
- W L Harrison & Son Garage — 1334 E 2nd St, Odessa, TX 79761
- Premier Car Care Center — 1600 E 2nd St, Odessa, TX 79761
- West Texas Fleet Services LLC — 245 S Grandview Ave, Odessa, TX 79761
- Greshams Industrial Supply — 1500 E 2nd St, Odessa, TX 79761
- WRS Glass — 1339 E 2nd St Unit A, Odessa, TX 79761
FAQs
What type of property is this?
Auto shop - Large corner-lot commercial building with covered and asphalt parking, multiple rooms, and a rear garage/work area.
Where is this auto shop located?
The property is located at 2201 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1962‑built commercial building with 3,150 SF on a large corner lot; Covered parking plus asphalt parking, with additional parking and two two‑bay doors; Includes a conference room and many rooms with windows and offices
