Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building with Covered Parking Title is generated by Realmo AI

    2201 E 8th St, Odessa, TX 79761

    View on Map
    Claim this Listing
    For Sale
    $750,000

    SINGLE_FAMILY - Odessa, TX

    Type:Office
    Property size:
    3,150 SF
    Lot size:
    0.72 Acres
    Price / SF:
    $238/SF
    Added:
    Apr 2, 2025
    Days on Market:
    430
    Last Refresh:
    Jun 5 at 7:06 am

    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

    We can help!

    Listing Contact
    Cassandra Pearce
    Cassandra Pearce

    Listing agent Cassandra Pearce License #TREC 0588281

    Listing office New Heights Real Estate 4940 Broadway St SUITE305 305, Alamo Height, TX

    Listing date Apr 2, 2025

    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.

    HighLights

    • Large 3150 SQ' corner lot commercial building with great visibility.
    • Suitable for sale or lease (NNN lease options available).
    • Versatile space ideal for various businesses: car dealership, salon, or offices.
    • Includes covered parking and additional asphalt parking.
    • Features multiple rooms with windows, offices, and a conference room.
    • Garage in the back with two bay doors for vehicle work, shop, or additional parking.

    Overview

    This commercial building, situated on a large corner lot, offers 3150 square feet of space with covered and asphalt parking. The layout includes multiple rooms with windows and offices, along with a conference room. A garage in the back provides additional workspace or parking, featuring two bay doors. The property is connected to city water and sewer services. The location offers great visibility and is suitable for various businesses, including a car or used car dealership, a nail and tanning salon, offices with a conference room, or a multi-hair stylist setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blue Whale Hand ... Car Wash

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Budget Truck Rental — 604 Ryan Ave, Odessa, TX 79761
    • Ryder Truck Maintenance Shop — 300 S Grandview Ave, Odessa, TX 79761
    • General Fleet Brokers — 2219 E 8th St, Odessa, TX 79761
    • U-Haul Neighborhood Dealer — 1315 E 5th St, Odessa, TX 79761
    • U-Haul Neighborhood Dealer — 835 Tower Dr suite 5, Odessa, TX 79761

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.341826
    Latitude
    31.862477

    Nearby Similar for Sale

    • $810,000
      11,812 SF

      Multi-Use Work-From-Home Property

      Turnkey live-work setup with multiple shops, offices, and secure yard space for contractors and entrepreneurs.
      6523 N Sparta Avenue, Odessa, TX 79764
      View Details
    • $899,000
      11,200 SF

      Industrial Flex Workshop with Offices

      Industrial workshop with painted booth, gas-heated shop space, and dedicated first-floor offices for control-panel or light manufacturing use.
      210 E 57th St, Odessa, TX 79762
      View Details
    • $549,000
      3,856 SF

      Odessa Commercial Property Near Hospital

      Versatile commercial property in high-traffic area near downtown and hospital.
      401 E 7th St, Odessa, TX 79761
      View Details
    • $1,400,000
      12,450 SF

      Odessa Office/Warehouse on 3.5 Acres

      12,450 sq ft office/warehouse on 3.5 acres in Odessa.
      5800 N Moss Ave, Odessa, TX 79764
      View Details
    • $1,625,000
      42,000 SF

      Former Bank Building with Parking

      Former bank building with drive-thru and ample parking.
      619 N Grant, Odessa, TX 79761
      View Details
    • $1,500,000
      36,050 SF

      Industrial Warehouse & Office Complex

      Multi-building industrial property with fenced yard, ample parking, and dock-height truck loading for flexible operations.
      714 E 2nd St., Odessa, TX 79761
      View Details
    • $595,000
      14,830 SF

      Odessa Industrial Property with Upside

      Three-building industrial property on 3.4 acres, ideal for owner-users.
      302 Industrial Ave, Odessa, TX 79761
      View Details
    • $1,625,000
      42,000 SF

      Prime Downtown Location with Parking

      Former bank building with drive-thru and ample parking.
      619 N Grant, Odessa, TX 79761
      View Details
    • $350,000
      3,570 SF

      Upgraded Commercial Building in Odessa

      High-traffic location, flexible layout, ready for immediate occupancy.
      1116 N Grant, Odessa, TX 79761
      View Details
    • $869,900
      9,055 SF

      Well-Maintained Church Facility

      Flexible church facility with recent A/C units, substantial paved parking, and meeting rooms, offices, and a full kitchen.
      2110 E 10th St, Odessa, TX 79761
      View Details
    • $399,900
      6,050 SF

      Odessa Industrial Shop on Acre

      Industrial shop on approximately one fenced acre in northwest Odessa.
      2716 Judy Ave, Odessa, TX 79764
      View Details
    • $1,850,000
      7,500 SF

      Furnished Office and Mechanic Shop

      Spacious furnished office with mechanic shop and living quarters.
      3670 N Moss Ave, Odessa, TX 79764
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Versatile commercial building on a large corner lot in Odessa.
    Where is this parking lot & garage 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: Large 3150 SQ' corner lot commercial building with great visibility.; Suitable for sale or lease (NNN lease options available).; Versatile space ideal for various businesses: car dealership, salon, or offices.
    (432) 703-2545
    We can help!
    Listing Contact
    Cassandra Pearce
    Cassandra Pearce
    Real Estate License ID: TREC 0588281
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2201 E 8th St, Odessa, TX 79761
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!