Flower Shop and Retail
For Sale
$650,000
2618 Kermit Hwy, Odessa, TX 79763
For sale with a long-standing flower shop operation, including the commercial real estate and current inventory.
Property Size4,500 SF
Price / SF$144.44
Days on Market123
Property Features for 2618 Kermit Hwy
General Information
Standard status
Active
Size
4,500 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1960
Listing Agency:
Beyond Realty, LLC
(432) 653-7339
Listed By:
Cynthia Duarte · License #0766418
Source:
Hauspg
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 24 at 10:13AM
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 Beyond Realty, LLC
Investment Insights
Based on property information with market context.
This offering includes a profitable, growing flower shop business and the commercial real estate it operates from. The sale includes all current inventory, with a stated retail value of approximately $375k, as well as all wholesale vendor lists.
The shop specializes in cemetery and funeral arrangements and also provides wholesale supply to local event planners and flower shops across nearby towns.
The commercial real estate is included in the sale, with the total property size stated as 4,500 square feet.
The shop specializes in cemetery and funeral arrangements and also provides wholesale supply to local event planners and flower shops across nearby towns.
The commercial real estate is included in the sale, with the total property size stated as 4,500 square feet.
Key Highlights
- Long‑standing, family‑owned flower shop business specializing in cemetery and funeral arrangements.
- Wholesale floral supplier to local event planners and flower shops across nearby towns.
- Commercial real estate included in the sale, built in 1960.
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
$50,151
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
7.72%
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%
$1,003,020
$1.0M
Cap Rate 7%
$716,443
$716.4K
Cap Rate 9%
$557,233
$557.2K
Market Conditions
NOI Build-Up for 4,500 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
$78.3K $17.40/SF
− Vacancy
−$6.7K −$1.48/SF
EGI
$71.6K $15.92/SF
− OpEx
−$21.5K −$4.78/SF
NOI
$50.2K $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%
$1,003,020
Cap Rate 7%
$716,443
Cap Rate 9%
$557,233
Alternative Uses
Best Use
Retail
$716.4K
$626.9K – $835.9K
NOI $50,151 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$6.54M
$5.72M – $7.63M
NOI $457,939 @ 7.0% cap · market cap 70.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
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
- western floral and gift/ floristeria en odessa/ floristeria con delivery/ eventos especiales — 209 E University Blvd, Odessa, TX 79762
- Romantic Rose Flowers & Gifts — 209 E University Blvd, Odessa, TX 79762
- Blooming Rose — 302 E University Blvd, Odessa, TX 79762
Frequently Asked Questions
What type of property is this?
Storefront property - For sale with a long-standing flower shop operation, including the commercial real estate and current inventory.
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: Long‑standing, family‑owned flower shop business specializing in cemetery and funeral arrangements.; Wholesale floral supplier to local event planners and flower shops across nearby towns.; Commercial real estate included in the sale, built in 1960.
