Retail Building with Apartment
1800 N County Rd Odessa, TX 79763
1800 N County Rd, Odessa, TX, 79763
$458,000
For Sale
$458,000
Retail-zoned building includes a finished second-floor open concept apartment with decks, plus a separate entrance.
Property Size2,480 SF
Price / SF$184.68
Days on Market122
Property Features for 1800 N County Rd
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- General Commercial
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 24 Updated: Jul 21 at 2:54PM Checked: Jul 22 at 3:41AM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.1k | $21.00 |
| − Vacancy | −$8.1k | −$3.26 |
| EGI | $44.0k | $17.75 |
| − OpEx | −$11.0k | −$4.44 |
| NOI | $33.0k | $13.31 |
2,480 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 7.21%
Second Best
Mixed Use
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 6.84%
Theoretical Best
Flex RnD
$3.61M
$3.15M – $4.21M
NOI $252,375 @ 7.0% cap · market cap 55.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kathy's Fashion
Clothing Store
FRANCES VICTORIA ROMERO ...
Real Estate Agency
Similar For Sale Nearby
FAQs
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 N County Rd Odessa, TX.
What is the asking price?
The asking price for this property is $458,000.
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
