Former Gas Station
For Sale
$399,900
1301 E 2nd St, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size2,141 SF
Lot Size0.52 Acres
Price / SF$186.78
Days on Market102
Property Features for 1301 E 2nd St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Dixie Industrial Sites
Lot features
Corner Lot
Standard status
Active
APN
08300.00010.00000
Size
2,141 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Annual Amount
4138
Building Details
Year built
1962
Building materials
Brick
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 349-7000
Listed By:
Chris Beckett · License #0439538
(512) 796-4340
Added: Jun 30
Changed: Oct 8
Last Checked: Oct 9 at 2:06AM
MLS# 159703
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 former gas station at 1301 E 2nd St in Odessa is a brick building offered in its current condition. The site has Light Industrial (LI) zoning, and no tanks are present. Renovation is needed; remediation reports and inspections are not available, and the property is being sold as-is.
The property occupies the corner of E 2nd St/Business 20 and Dixie. Reported traffic is 19,000 cars per day on E 2nd St/Business 20 and 11,500 cars per day on Dixie.
The property occupies the corner of E 2nd St/Business 20 and Dixie. Reported traffic is 19,000 cars per day on E 2nd St/Business 20 and 11,500 cars per day on Dixie.
Key Highlights
- Light Industrial (LI) zoning
- No tanks on site
- Corner location at E 2nd St/Business 20 and Dixie
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,672
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,440
$573.4K
Cap Rate 7%
$409,600
$409.6K
Cap Rate 9%
$318,578
$318.6K
Market Conditions
NOI Build-Up for 2,141 SF
Gross rent
$41.1K $19.20/SF
− Vacancy
−$2.9K −$1.34/SF
EGI
$38.2K $17.86/SF
− OpEx
−$9.6K −$4.46/SF
NOI
$28.7K $13.39/SF
Area
Odessa, TX
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,440
Cap Rate 7%
$409,600
Cap Rate 9%
$318,578
Alternative Uses
Best Use
Industrial
$1.82M
$1.59M – $2.12M
NOI $127,060 @ 7.0% cap · market cap 31.77%
Second Best
Specialty Retail
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 7.17%
Theoretical Best
Flex RnD
$3.11M
$2.72M – $3.63M
NOI $217,877 @ 7.0% cap · market cap 54.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - The property carries a Light Industrial (LI) zoning designation and has no on-site tanks.
Where is this gas station located?
The property is located at 1301 E 2nd St Odessa, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Light Industrial (LI) zoning; No tanks on site; Corner location at E 2nd St/Business 20 and Dixie
