Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    601-625 E 42Nd St Odessa, TX 79762

    For Sale
    Contact for pricing

    Retail center with significant redevelopment completed in 2020.

    Property size:
    82,264 SF
    Lot size:
    4.60 Acres

    Property Features for 601-625 E 42Nd St

    General Information

    Size
    82,264 SF
    Lot size
    4.60 Acres

    Source: CP Partners Agent Joe Caccamo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redeveloped Retail Center For Sale

    This retail center benefits from a location within the Permian Basin, one of the world’s strongest oil fields, producing 47% of the oil and 17% of the natural gas consumed in the United States. The property offers an attractive consumer appeal based on a significant redevelopment completed in 2020. The major overhaul of the center included a roof overlay with a 20-year labor and materials warranty, new plumbing, pylon signs and lighting, major parking lot repairs, and an additional 17,000 square feet of space to satisfy the market’s demand. The property contains 82,264 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sherwood Village Center, Sherwood, One Energy Square

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.37536
    Latitude
    31.884504

    Nearby Similar for Sale

    • $5,500,000
      17,500 SF

      Odessa Retail/Automotive Property For Sale

      Prime retail/automotive property with highway frontage, available for sale or lease.
      14761 W I-20, Odessa, TX 79763
      View Details
    • $2,750,000
      17,500 SF

      Retail Property on I-20 Frontage

      4.5-acre retail property with highway frontage and multiple bays.
      14761 W I-20, Odessa, TX 79763
      View Details
    • $1,400,000
      6,900 SF

      Odessa Warehouse with Office Space

      Warehouse with office space available for sale in Odessa, TX.
      16680 W Basin St, Odessa, TX 79741
      View Details
    • $750,000
      3,150 SF

      Odessa Office Building on Corner

      Commercial building on large corner lot suitable for various businesses.
      2201 E 8Th St, Odessa, TX 79761
      View Details
    • $3,200,000
      32,000 SF

      Versatile Multi-Use Buildings on Corner Lot

      Two new buildings on 20 acres, unmatched flexibility and potential.
      6015 Andrews Hwy, Odessa, TX 79764
      View Details
    • $1,370,000
      8,592 SF

      Fenced Acreage with Shop and Stalls

      5.76 acres with shop, stalls, and mobile home.
      11010 W Joan Dr, Odessa, TX 79764
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center with significant redevelopment completed in 2020.
    Where is this shopping center located?
    The property is located at 601-625 E 42Nd St Odessa, TX.
    What are key features of this property?
    This property features: - Significant redevelopment completed in 2020, enhancing consumer appeal.; - Located in the Permian Basin, a major oil and gas producing region.; - Major overhaul included a new roof with a 20-year warranty.
    (415) 274-2700
    Request Owner's contact information
    601-625 E 42Nd St Odessa, TX 79762
    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.
    601-625 E 42Nd St
    Odessa, TX 79762
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    601-625 E 42Nd St Odessa, TX 79762
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.