2411 Kermit Hwy, Odessa, TX 79761
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 9 at 1:06 pm
Property Features for 2411 Kermit Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- HIGHLAND PARK, BLOCK 11, LOT 6
- Tax Annual Amount
- 2109
Building Details
- Year built
- 1953
Listing agent Julianne White (432) 269-5926
Listing office Dalton Wade, Inc. 400 Galleria Parkway, Suite 1500, Atlanta, TX (888) 668-8283
Listing date Jun 5, 2026
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
- 1500 sq. ft. commercial building, built in 1953
- Recently upgraded with fresh paint and new flooring
- Fully equipped kitchen included with refrigerator and stove, plus washer and dryer
- Zero‑scape backyard with 7‑foot privacy fence and minimal‑maintenance landscaping
- Parking available in the back
- Conveniently located across from Odessa College
Overview
The property is located at 2411 Kermit Hwy in Odessa, Texas. It sits directly across from Odessa College, providing a convenient proximity to a steady daytime population.
For prospective tenants, buyers, or operators, the combination of upgraded interior condition, an included kitchen setup, and practical outdoor space can be valuable for concepts that benefit from on-site laundry and food prep capability. The back parking arrangement and storage availability are also geared toward smoother operations and easier day-to-day functionality for staff and customers.
Local Financial Insights For 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 | $26.1k | $17.40 |
| − Vacancy | −$2.2k | −$1.48 |
| EGI | $23.9k | $15.92 |
| − OpEx | −$7.2k | −$4.78 |
| NOI | $16.7k | $11.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.3859668
- Latitude
- 31.8636201
