Mixed-Use Building with Upper-Level
For Sale
$423,800
1800 N County Rd, Odessa, TX 79763
A finished apartment occupies the second floor, with its own rear stairway entrance, balcony, and deck.
Property Size2,480 SF
Price / SF$170.89
Days on Market216
Property Features for 1800 N County Rd
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Commercial
Lease Term
1 year
Taxes and HOA fees
Annual Taxes
$3,997
Amenities
laundry room
Balcony and deck
Storage room
electric 1 car garage w/remote opener
concrete side and rear pad
sealed parking lot
Building Details
Building Size
2,480 SF
Year Built
1957
Buildings
1
Stories
2
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Frances Romero · License #0651370
(970) 355-0934
Source:
Gloriarealestate
Added: Mar 28
Changed: Oct 26
Last Checked: Oct 26 at 4:08AM
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 1957, this 2,480-square-foot mixed-use building has a 1,280-square-foot first floor and a finished, open-plan apartment of 1,200 square feet above. The apartment includes granite countertops, custom cabinetry, a laundry room, and a bathroom; the building has three bathrooms in total. A rear staircase provides access to the upper level, which also opens to a balcony and deck.
Additional features include an electric one-car garage with remote opener, a storage room, concrete pads along the side and rear, a metal roof, and a sealed parking lot. The property is at 1800 N County Rd in Odessa, Texas.
Additional features include an electric one-car garage with remote opener, a storage room, concrete pads along the side and rear, a metal roof, and a sealed parking lot. The property is at 1800 N County Rd in Odessa, Texas.
Key Highlights
- 2,480‑square‑foot building with 1,280‑square‑foot first floor and 1,200‑square‑foot upper apartment
- Finished open‑plan apartment features granite countertops, custom cabinetry, laundry room, and bathroom
- Three bathrooms total; second‑floor access via rear staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,006
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
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
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 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 7.79%
Second Best
Mixed Use
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 7.39%
Theoretical Best
Flex RnD
$3.61M
$3.15M – $4.21M
NOI $252,375 @ 7.0% cap · market cap 59.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished apartment occupies the second floor, with its own rear stairway entrance, balcony, and deck.
Where is this mixed-use property located?
The property is located at 1800 N County Rd Odessa, TX.
What is the asking price?
The asking price for this property is $423,800.
What are key features of this property?
This property features: 2,480‑square‑foot building with 1,280‑square‑foot first floor and 1,200‑square‑foot upper apartment; Finished open‑plan apartment features granite countertops, custom cabinetry, laundry room, and bathroom; Three bathrooms total; second‑floor access via rear staircase
