Mixed-Use Building with
For Sale
$453,000
1800 N County Rd, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size2,480 SF
Lot Size0.11 Acres
Price / SF$182.66
Days on Market95
Property Features for 1800 N County Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Appliances
Central Hot Water
Subdivision
Beaty
Lot features
Corner Lot
Standard status
Active
APN
R100044513
Size
2,480 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3997
Amenities
granite counter tops
custom cabinets
laundry room
finished bathroom
balcony
deck
storage room
electric 1 car garage w/remote opener
concrete side and rear pad
metal roof
sealed parking lot
Building Details
Year built
1957
Floors in Building
2
Building materials
Stucco
Roof type
Metal
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Frances Romero · License #0651370
(970) 355-0934
Added: Jun 5
Changed: Aug 20
Last Checked: Sep 7 at 8:06PM
MLS# 173496
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,480 square feet across two levels, with 1,280 square feet on the first floor and a finished 1,200-square-foot open-concept apartment above. The upper level includes granite countertops, custom cabinetry, a laundry room, one bathroom, a balcony, and a deck. The building has three bathrooms overall, along with a storage room and a rear staircase serving the second-floor entrance.
Exterior features include stucco construction, a metal roof, an electric one-car garage with remote opener, concrete side and rear pads, and a sealed parking lot. An accessible approach with ramp is also provided. Built in 1957, the property is located at 1800 N County Rd in Odessa, Texas.
Exterior features include stucco construction, a metal roof, an electric one-car garage with remote opener, concrete side and rear pads, and a sealed parking lot. An accessible approach with ramp is also provided. Built in 1957, the property is located at 1800 N County Rd in Odessa, Texas.
Key Highlights
- 2,480‑square‑foot mixed‑use building with 1,280‑square‑foot first level and 1,200‑square‑foot second level
- Finished second‑floor open‑concept apartment with granite countertops and custom cabinets
- Three bathrooms, laundry room, balcony, deck, and rear staircase to the upper‑level entrance
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
$31,313
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
6.91%
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%
$626,260
$626.3K
Cap Rate 7%
$447,329
$447.3K
Cap Rate 9%
$347,922
$347.9K
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
$55.1K $22.20/SF
− Vacancy
−$5.0K −$2.00/SF
EGI
$50.1K $20.20/SF
− OpEx
−$18.8K −$7.58/SF
NOI
$31.3K $12.63/SF
Area
Odessa, TX
Vacancy
9.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
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%
$626,260
Cap Rate 7%
$447,329
Cap Rate 9%
$347,922
Alternative Uses
Best Use
Mixed Use
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
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
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines commercial space with a finished open-concept apartment and supporting improvements.
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 $453,000.
What are key features of this property?
This property features: 2,480‑square‑foot mixed‑use building with 1,280‑square‑foot first level and 1,200‑square‑foot second level; Finished second‑floor open‑concept apartment with granite countertops and custom cabinets; Three bathrooms, laundry room, balcony, deck, and rear staircase to the upper‑level entrance
