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

    2209 W 2nd St Odessa, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Dollar General in Odessa, TX with 8+ years remaining.

    Type:RETAIL
    Property size:
    9,100 SF
    Lot size:
    0.91 Acres
    Price / SF:
    $139/SF
    Added:
    Jun 27, 2024
    Days on Market:
    667
    Last Refresh:
    Apr 5 at 11:18 pm

    Property Features for 2209 W 2nd St

    General Information

    Standard status
    Active
    Size
    9,100 SF
    Lot size
    0.91 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Cody Crist

    Listing agent Cody Crist

    Listing office Trinity Real Estate Investment Services - Corporate

    Listing date Jun 27, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate

    Overview

    Dollar General in Odessa, TX

    This Dollar General property in Odessa, TX, presents an investment opportunity with an absolute NNN lease. Constructed in 2017, the property benefits from a strong local population, with approximately 100,000 residents within a 5-mile radius. The location experiences traffic volume of over 14,000 vehicles per day. The property offers a lower price point for an absolute NNN lease in Texas. The lease has over 8 years remaining on its current term.
    Location Intelligence

    Current Use by Public Records

    Western Union Bank Dollar General Discount Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • West Odessa Florist — 800 W 4th St, Odessa, TX 79763

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.392
    Latitude
    31.8328

    Nearby Similar for Sale

    • $395,000
      3,041 SF

      Versatile Building in Odessa, TX

      3,041 SF building on 0.46 acres near Hwy 80.
      13023 W County Rd 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
    • $699,000
      4,698 SF

      Multi-Office Building in High-Traffic Area

      Well-maintained commercial building with multiple office suites in Odessa, TX.
      2479 11th St, Odessa, TX 79761
      View Details
    • $700,000
      5,000 SF

      Versatile Commercial Property in Odessa, TX

      Commercial property with office space, storage, and a 3-bay shop.
      1135 W 42nd St, Odessa, TX 79764
      View Details
    • $479,000
      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
    • $475,000
      9,116 SF

      Spacious Multi-Use Building on Large Lot

      9100+ sq ft building on .68 acres, owner financing available.
      1709 W 9th St, Odessa, TX 79763
      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
    • $650,000
      4,500 SF

      Profitable Floral Business and Real Estate

      Established floral business with real estate for sale in Odessa.
      2618 Kermit Hwy, Odessa, TX 79763
      View Details
    • $595,000
      4,710 SF

      Versatile Facility in Odessa, Texas

      Former medical supply facility ideal for sales, service, or distribution.
      1011 E 7th St, Odessa, TX 79761
      View Details
    • $1,995,000
      22,095 SF

      Renovated Warehouse with Cranes, Wash-Bay

      Renovated warehouse with heavy power, cranes, and expansion space.
      1551 Laredo Dr, 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
    • $550,000
      1,440 SF

      Odessa Restaurant with High Visibility

      Full-service restaurant with high traffic exposure in Odessa, Texas.
      1306 E 7th St, Odessa, TX 79761
      View Details

    FAQs

    What type of property is this?
    Storefront property - Dollar General in Odessa, TX with 8+ years remaining.
    Where is this storefront property located?
    The property is located at 2209 W 2nd St Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,271,085.
    What are key features of this property?
    This property features: Strong population demos – almost 100,000 residents within 5 miles; **7% CAP Absolute NNN Lease Texas Dollar General**; 8+ years remaining on current term of lease
    (817) 304-8916 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cody Crist
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!