Freestanding Retail & Office
3636 Andrews Hwy Odessa, TX 79762
3636 Andrews Hwy, Odessa, TX, 79762
$3,000,000
For Sale
$3,000,000
SINGLE_FAMILY - Odessa, TX
Property Size11,896 SF
Lot Size1.01 Acres
Price / SF$252.19
Days on Market144
Property Features for 3636 Andrews Hwy
General Information
- Property type
- Residential
- Property subtype
- Retail
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 14250.00010.00000
- Size
- 11,896 SF
- Lot size
- 1.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7982
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Stucco, Block, Metal Studs
- Roof type
- Flat
Listing Agency
Brix & Co. Realty
(432) 201-1040
4992 Rustic Trail, Midland, TX
Listed by
Hien Tieu · License #0827004
(432) 254-1688
Added: Feb 24 Checked: Jul 18 at 3:06 am
MLS# 167619
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.
Investment Insights
Based on property information with market context.
This freestanding commercial building offers an open floor plan and is sized at 11,896 square feet on approximately 1.005 acres. The flexible layout can accommodate a range of concepts, including retail, restaurant, or office operations. The property is positioned for straightforward site access and can be configured to fit different tenant or operator needs.
Located at 3636 Andrews Hwy in Odessa, Texas, the site benefits from visibility along Andrews Highway, described in the remarks as a high-traffic corridor carrying approximately 15,000 to 30,000 vehicles per day. The offering includes flexibility around deal structure, as the seller is open to multiple terms, including purchase of the real estate and/or the existing grocery business.
For tenants, buyers, or operators seeking a standalone space with a broad interior configuration, this property provides a practical framework for retail- and service-oriented uses, as well as office occupancy. Because the seller is open to different purchase structures, it may also be worth evaluating for users considering an integrated real estate and business arrangement.
Located at 3636 Andrews Hwy in Odessa, Texas, the site benefits from visibility along Andrews Highway, described in the remarks as a high-traffic corridor carrying approximately 15,000 to 30,000 vehicles per day. The offering includes flexibility around deal structure, as the seller is open to multiple terms, including purchase of the real estate and/or the existing grocery business.
For tenants, buyers, or operators seeking a standalone space with a broad interior configuration, this property provides a practical framework for retail- and service-oriented uses, as well as office occupancy. Because the seller is open to different purchase structures, it may also be worth evaluating for users considering an integrated real estate and business arrangement.
Key Highlights
- High‑traffic location on Andrews Highway (15,000‑30,000 vehicles per day).
- Value‑add opportunity with flexible deal structures (real estate and/or existing grocery business).
- Large 11,896 SF freestanding building on 1.005 acres.
Local Financial Insights For Specialty 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 | $228.4k | $19.20 |
| − Vacancy | −$16.0k | −$1.34 |
| EGI | $212.4k | $17.86 |
| − OpEx | −$53.1k | −$4.46 |
| NOI | $159.3k | $13.39 |
11,896 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,311 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$2.26M
$1.98M – $2.64M
NOI $158,321 @ 7.0% cap · market cap 5.28%
Theoretical Best
Flex RnD
$17.29M
$15.13M – $20.18M
NOI $1,210,588 @ 7.0% cap · market cap 40.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Oriental Market
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding building on Andrews Hwy with an open floor plan supporting retail, restaurant, or office uses.
Where is this retail space located?
The property is located at 3636 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: High‑traffic location on Andrews Highway (15,000‑30,000 vehicles per day).; Value‑add opportunity with flexible deal structures (real estate and/or existing grocery business).; Large 11,896 SF freestanding building on 1.005 acres.
