Auto Shop with Paint
For Sale
$825,000
1401 W Murphy, Odessa, TX 79763
Fenced automotive facility with operational equipment, vehicle storage capacity, and office furnishings.
Property Size6,028 SF
Lot Size1.10 Acres
Price / SF$136.86
Days on Market88
Property Features for 1401 W Murphy
General Information
Standard status
Active
Size
6,028 SF
Lot size
1.10 Acres
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
paint booth
14-foot bay doors
Building Details
Year Built
2023
Listing Agency:
All City Real Estate Ltd. Co.
Listed By:
Tammy New · License #655809
(432) 559-4850
Source:
Billlanier
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 4:39PM
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 All City Real Estate Ltd. Co.
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Investment Insights
Based on property information with market context.
Built in 2023, this 6,028-square-foot automotive service facility is configured for body repair and mechanical work. The property includes a recently installed paint booth, air compressors, 14' bay doors, and a Lift King Frame Machine. Computers and office furniture are included with the sale, supporting administrative functions within the shop.
The site covers approximately 1.10 acres and is fenced for vehicle storage and parking. Located at 1401 W Murphy in Odessa, the property combines a substantial service building with outdoor space for automotive operations.
The site covers approximately 1.10 acres and is fenced for vehicle storage and parking. Located at 1401 W Murphy in Odessa, the property combines a substantial service building with outdoor space for automotive operations.
Key Highlights
- 6,028‑square‑foot automotive facility built in 2023
- Approximately 1.10 acres with fencing for vehicle storage and parking
- Paint booth added just a few months ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,180
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,600
$1.3M
Cap Rate 7%
$959,714
$959.7K
Cap Rate 9%
$746,444
$746.4K
Market Conditions
NOI Build-Up for 6,028 SF
Gross rent
$104.9K $17.40/SF
− Vacancy
−$8.9K −$1.48/SF
EGI
$96.0K $15.92/SF
− OpEx
−$28.8K −$4.78/SF
NOI
$67.2K $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 Rate 5%
$1,343,600
Cap Rate 7%
$959,714
Cap Rate 9%
$746,444
Alternative Uses
Best Use
Industrial
$5.11M
$4.47M – $5.96M
NOI $357,738 @ 7.0% cap · market cap 43.36%
Second Best
Retail
$959.7K
$839.8K – $1.12M
NOI $67,180 @ 7.0% cap · market cap 8.14%
Theoretical Best
Flex RnD
$8.76M
$7.67M – $10.22M
NOI $613,435 @ 7.0% cap · market cap 74.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Reys body Shop — 1460 S Crane Ave, Odessa, TX 79763
- GAMA'S TIRES — 2409 W 2nd St, Odessa, TX 79763
- M&A Diesel Repair — 2505 w 2nd st, odessa, tx 79763
- Odessa Diesel Shop — Odessa, TX 79763
- American Brakes — 2410 Van St, Odessa, TX 79763
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced automotive facility with operational equipment, vehicle storage capacity, and office furnishings.
Where is this auto shop located?
The property is located at 1401 W Murphy Odessa, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 6,028‑square‑foot automotive facility built in 2023; Approximately 1.10 acres with fencing for vehicle storage and parking; Paint booth added just a few months ago
