Retail Building with Apartment
For Sale
$453,000
1800 County Rd, Odessa, TX 79763
Retail-zoned building includes a finished second-floor open concept apartment with decks, plus a separate entrance.
Property Size2,480 SF
Price / SF$182.66
Days on Market160
Property Features for 1800 County Rd
General Information
Standard status
Active
Size
2,480 SF
Property subtype
General Commercial
Amenities
3
Sidewalks. City Road.
Building Details
Year Built
1957
Listing Agency:
All City Real Estate Ltd. Co.
(970) 355-0934
Listed By:
Frances Romero · License #0651370
(970) 355-0934
Source:
Xome
Added: Mar 6
Changed: Aug 12
Last Checked: Aug 12 at 3:37AM
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.
Investment Insights
Based on property information with market context.
This retail building totals 2,480 square feet and includes a 1st-level area and a finished 2nd-floor apartment. The upper unit is an open concept layout with granite countertops, custom cabinets, a laundry room, and a finished bathroom. Additional features include separate entrances, storage space, deck areas at the front and rear, and an electric 1-car garage with a remote opener.
The property is zoned for retail and includes a concrete pad on the side and rear, along with a recently sealed parking lot. The offering is listed for sale and is also described as available for lease or owner-carry financing.
The property is zoned for retail and includes a concrete pad on the side and rear, along with a recently sealed parking lot. The offering is listed for sale and is also described as available for lease or owner-carry financing.
Key Highlights
- Retail‑zoned building with 2,480 SF total; 1,280 SF on the 1st level and 1,200 SF on the 2nd‑floor level
- 2nd‑floor finished open‑concept apartment with granite countertops, custom cabinets, a laundry room, and a finished bathroom
- Separate entrance for the apartment, plus front and back decks
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
$33,006
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
7.29%
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%
$660,120
$660.1K
Cap Rate 7%
$471,514
$471.5K
Cap Rate 9%
$366,733
$366.7K
Market Conditions
NOI Build-Up for 2,480 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
$52.1K $21.00/SF
− Vacancy
−$8.1K −$3.26/SF
EGI
$44.0K $17.75/SF
− OpEx
−$11.0K −$4.44/SF
NOI
$33.0K $13.31/SF
Area
Odessa, TX
Vacancy
15.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$660,120
Cap Rate 7%
$471,514
Cap Rate 9%
$366,733
Alternative Uses
Best Use
Office B
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 7.29%
Second Best
Mixed Use
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 6.91%
Theoretical Best
Flex RnD
$3.61M
$3.15M – $4.21M
NOI $252,375 @ 7.0% cap · market cap 55.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail-zoned building includes a finished second-floor open concept apartment with decks, plus a separate entrance.
Where is this retail space located?
The property is located at 1800 County Rd Odessa, TX.
What is the asking price?
The asking price for this property is $453,000.
What are key features of this property?
This property features: Retail‑zoned building with 2,480 SF total; 1,280 SF on the 1st level and 1,200 SF on the 2nd‑floor level; 2nd‑floor finished open‑concept apartment with granite countertops, custom cabinets, a laundry room, and a finished bathroom; Separate entrance for the apartment, plus front and back decks
