Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2618 Kermit Hwy Odessa, TX 79763

    View on Map
    Sponsored
    For Sale
    $650,000

    SINGLE_FAMILY - Odessa, TX

    Type:Retail
    Property size:
    4,500 SF
    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 13 at 8:06 pm

    Property Features for 2618 Kermit Hwy

    General Information

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

    Building Details

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

    We can help!

    Listing Contact
    Cynthia Duarte
    Cynthia Duarte

    Beyond Realty, LLC (432) 272-0297

    Listing agent Cynthia Duarte (432) 653-7339

    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.

    Learn more

    Property Insight Report

    Overview

    Profitable Floral Business and Real Estate

    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.
    Property Profile Insight Report 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

    Nearby Similar for Sale

    • New
      $405,000
      3,041 SF

      Versatile Building Near Highway 80

      3,041 SF building on 0.46 acres near Hwy 80.
      13023 W County Road 123, Odessa, TX 79765
      View Details
    • New
      $405,000
      3,041 SF

      Odessa Flex Space with Office

      3,041 SF flex space with remodeled office on 0.46 acres.
      13023 W County Road 123, Odessa, TX 79765
      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
    • $474,900
      5,440 SF

      Odessa Commercial Property For Sale

      5,440 SF commercial property with office and warehouse space.
      130 E 52Nd St, Odessa, TX 79762
      View Details
    • $499,000
      3,160 SF

      Versatile Commercial Building in Odessa

      Thriving restaurant building for sale, prime location, ample parking.
      1007 E 6Th St, Odessa, TX 79761
      View Details
    • $855,000
      9,000 SF

      Odessa Industrial Facility with Cranes

      9,000 SF industrial facility with cranes and ample yard.
      2119 W 44Th St, Odessa, TX 79764
      View Details
    • New
      $627,900
      2,700 SF

      Turnkey Oil Change Operation

      Commercial building with five bays on oversized double parcel.
      8444 W University Blvd, Odessa, TX 79764
      View Details
    • $500,000
      9,116 SF

      Versatile Building in Odessa, Texas

      Adaptable 9,116 sq ft building suitable for various uses.
      1709 W 9Th St, Odessa, TX 79763
      View Details
    • $695,000
      4,710 SF

      Versatile Facility in Odessa, Texas

      Former medical supply facility suitable for sales, service, or distribution.
      1011 E 7Th St, Odessa, TX 79761
      View Details
    • $700,000
      5,000 SF

      Versatile Commercial Space in Odessa, TX

      Commercial property with office space, storage, and a 3-bay shop.
      1135 W 42Nd St, Odessa, TX 79764
      View Details
    • $950,000
      6,150 SF

      Prime Downtown Office Opportunity

      Class A corner property suitable for medical or professional office.
      401 E 6Th St, Odessa, TX 79761
      View Details
    • $455,000
      4,440 SF

      Versatile Commercial Building in Odessa

      4,440 sq ft building ideal for retail, office, or showroom.
      801 2Nd St, Odessa, TX 79763
      View Details

    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: - Profitable and growing floral business with real estate included.; - Established family-owned business with a trusted reputation.; - Specialization in high-demand cemetery and funeral arrangements.
    (432) 653-7339
    Request Owner's contact information
    2618 Kermit Hwy Odessa, TX 79763
    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.
    2618 Kermit Hwy
    Odessa, TX 79763
    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
    2618 Kermit Hwy Odessa, TX 79763
    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

    We can help!
    Listing Contact
    Cynthia Duarte
    Cynthia Duarte
    Real Estate License ID: 0766418
    (432) 653-7339 (432) 272-0297
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!