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    Profitable Floral Business and Real Estate Title is generated by Realmo AI

    2618 Kermit Hwy, Odessa, TX 79763

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    Claim this Listing
    For Sale
    $650,000

    SINGLE_FAMILY - Odessa, TX

    Type:Retail
    Property size:
    4,500 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $144/SF
    Added:
    Mar 13, 2026
    Days on Market:
    107
    Last Refresh:
    Jun 27 at 12:06 pm

    Property Features for 2618 Kermit Hwy

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Fencing
    Chain Link, Fenced
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    04800.00070.00000
    Size
    4,500 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2255

    Building Details

    Year built
    1960
    Building materials
    Brick, Block, Wood Studs
    Roof type
    Flat

    We can help!

    Contact an agent
    Cynthia Duarte
    Cynthia Duarte

    Listing agent Cynthia Duarte License #0766418

    Listing office Beyond Realty, LLC 5125 Wayland Drive Suite C100, Odessa, TX

    Listing date Mar 13, 2026

    MLS# 173120

    Copyright © 2026 Odessa 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

    • Flower shop business and the commercial real estate it operates from are being sold together
    • Built in 1960 with brick and block construction and wood studs
    • Flat roof and chain‑link fenced property
    • Accessible approach with ramp
    • Includes all current inventory and wholesale vendor lists (inventory retail value approx. $375k)

    Overview

    This offering includes both a profitable, growing floral business and the real estate from which it operates. This family-owned flower shop has been a trusted name in the community for years, specializing in cemetery and funeral arrangements. It also serves as a wholesale supplier to local event planners and flower shops across nearby towns. The sale includes the commercial real estate and all current inventory with a retail value of approximately $375,000, as well as all wholesale vendor lists. The property has excellent expansion potential. The lot size is 0.1435 acres and the property size is 4,500 square feet. The property is located in Odessa, Texas.

    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 $78.3k $17.40
    − Vacancy −$6.7k −$1.48
    EGI $71.6k $15.92
    − OpEx −$21.5k −$4.78
    NOI $50.2k $11.14
    4,500 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $716.4K
    $626.9K – $835.9K (±1% cap)
    NOI $50,151 @ 7.0% cap · market cap 7.72%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $6.54M
    $5.72M – $7.63M (±1% cap)
    NOI $457,939 @ 7.0% cap · market cap 70.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mima's Home Decore Home Decor Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3893991
    Latitude
    31.8652787

    FAQs

    What type of property is this?
    Storefront property - Established floral business with real estate for sale in Odessa.
    Where is this storefront property located?
    The property is located at 2618 Kermit Hwy Odessa, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Flower shop business and the commercial real estate it operates from are being sold together; Built in 1960 with brick and block construction and wood studs; Flat roof and chain‑link fenced property
    More about this property
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