Walgreens Drug
For Sale
Contact for pricing
2161 E 42nd St, Odessa, TX 79762
Retail property constructed in 2001 with an established drug-store format.
Property Size15,120 SF
Price / SF$289.45
Days on Market193
Property Features for 2161 E 42nd St
General Information
Standard status
Active
Size
15,120 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$372,000
Additional Details
Cap Rate
8.5%
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
Stream Capital Partners
Listed By:
Jordan Shtulman · License #475152062
(312) 899-6664
Source:
Crexi
Added: Apr 6
Changed: Oct 9
Last Checked: Oct 12 at 6:36PM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
The property is a Walgreens drug store offering 15,120 square feet of retail space. Constructed in 2001, the building is positioned at 2161 E 42nd St in Odessa, Texas.
The offering reflects an 8.50% CAP rate and is presented for sale. Its retail configuration and established drug-store identity provide a clear physical profile for commercial review.
The offering reflects an 8.50% CAP rate and is presented for sale. Its retail configuration and established drug-store identity provide a clear physical profile for commercial review.
Key Highlights
- 15,120 SqFt retail property
- Walgreens drug‑store format
- Constructed in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,487
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,740
$4.0M
Cap Rate 7%
$2,892,671
$2.9M
Cap Rate 9%
$2,249,856
$2.2M
Market Conditions
NOI Build-Up for 15,120 SF
Gross rent
$290.3K $19.20/SF
− Vacancy
−$20.3K −$1.34/SF
EGI
$270.0K $17.86/SF
− OpEx
−$67.5K −$4.46/SF
NOI
$202.5K $13.39/SF
Area
Odessa, TX
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,740
Cap Rate 7%
$2,892,671
Cap Rate 9%
$2,249,856
Alternative Uses
Best Use
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,487 @ 7.0% cap · market cap 4.63%
Second Best
Retail
$2.41M
$2.11M – $2.81M
NOI $168,508 @ 7.0% cap · market cap 3.85%
Theoretical Best
Flex RnD
$21.98M
$19.23M – $25.64M
NOI $1,538,676 @ 7.0% cap · market cap 35.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Retail property constructed in 2001 with an established drug-store format.
Where is this drug store located?
The property is located at 2161 E 42nd St Odessa, TX.
What is the asking price?
The asking price for this property is $4,376,471.
What are key features of this property?
This property features: 15,120 SqFt retail property; Walgreens drug‑store format; Constructed in 2001
