2618 Kermit Hwy, Odessa, TX 79763
SINGLE_FAMILY - Odessa, TX
- Added:
- Mar 13, 2026
- Days on Market:
- 107
- Last Refresh:
- Jun 27 at 4:06 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
Listing agent Cynthia Duarte License #0766418 (432) 653-7339
Listing office Beyond Realty, LLC 5125 Wayland Drive Suite C100, Odessa, TX (432) 272-0297
Listing date Mar 13, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.3893991
- Latitude
- 31.8652787