Downtown Corner
For Sale
$1,000,000
820 N Grant, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size7,000 SF
Lot Size0.17 Acres
Price / SF$142.86
Days on Market22
Property Features for 820 N Grant
General Information
Property type
Residential
Property subtype
Retail
Subdivision
S Williams
Lot features
Corner Lot
Standard status
Active
APN
28100.00570.00000
Size
7,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
6000
Building Details
Year built
1956
Floors in Building
1
Building materials
Stucco
Listing Agency:
Beyond Realty, LLC
(432) 272-0297
Listed By:
Cynthia Duarte · License #0766418
(432) 653-7339
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 24 at 3:06PM
MLS# 176628
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 7,000-square-foot storefront property occupies a 0.174-acre site at 820 N Grant in Odessa. Built in 1956 with stucco construction, the building is currently used as a retail clothing boutique and includes a flexible interior layout suited to continued retail use or adaptation for professional offices, law firms, insurance agencies, salons, and other service-based businesses.
The property sits on a downtown corner location with frontage and steady daily traffic identified as key site characteristics. Its prominent placement provides a street-facing commercial setting for an owner-user or operator seeking a visible Odessa location. The available information supports both ownership and leasing consideration.
The property sits on a downtown corner location with frontage and steady daily traffic identified as key site characteristics. Its prominent placement provides a street-facing commercial setting for an owner-user or operator seeking a visible Odessa location. The available information supports both ownership and leasing consideration.
Key Highlights
- 7,000 SF storefront building on a 0.174‑acre site
- Downtown corner location at 820 N Grant, Odessa
- Currently operating as a retail clothing boutique
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,013
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,260
$1.6M
Cap Rate 7%
$1,114,471
$1.1M
Cap Rate 9%
$866,811
$866.8K
Market Conditions
NOI Build-Up for 7,000 SF
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.
Gross rent
$121.8K $17.40/SF
− Vacancy
−$10.4K −$1.48/SF
EGI
$111.4K $15.92/SF
− OpEx
−$33.4K −$4.78/SF
NOI
$78.0K $11.14/SF
Area
Odessa, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,260
Cap Rate 7%
$1,114,471
Cap Rate 9%
$866,811
Alternative Uses
Best Use
Retail
$1.11M
$975.2K – $1.30M
NOI $78,013 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$10.18M
$8.90M – $11.87M
NOI $712,350 @ 7.0% cap · market cap 71.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
- Mark Knox Flowers — 1209 E 8th St, Odessa, TX 79761
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible floor plan supports retail, offices, salons, and service businesses.
Where is this storefront property located?
The property is located at 820 N Grant Odessa, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7,000 SF storefront building on a 0.174‑acre site; Downtown corner location at 820 N Grant, Odessa; Currently operating as a retail clothing boutique
