Auto Shop with Paint
For Sale
Contact for pricing
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 Market10
Property Features for 1401 W Murphy
General Information
Standard status
Active
Size
6,028 SF
Total Parking Spaces
20
Lot size
1.10 Acres
Property subtype
Land
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
paint booth
14-foot bay doors
Building Details
Year Built
2023
Buildings
1
Listing Agency:
All City Real Estate
(432) 368-6800
Listed By:
Tammy New · License #655809
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 11 at 6:19PM
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
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 = 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
$67,180
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
8.14%
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%
$1,343,600
$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
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
$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 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%
$1,343,600
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
322
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
