Corner Lot Commercial
2201 E 8th St Odessa, TX 79761
For Sale
$660,000
SINGLE_FAMILY - Odessa, TX
Property Size3,150 SF
Lot Size0.72 Acres
Price / SF$209.52
Days on Market480
Property Features for 2201 E 8th St
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- Size
- 3,150 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Description
- Property Location 2201 E 8TH ST Property Legal Description ODESSA OFFICE PARK LOT 35 Land Size 0.7230 Verify all.
- Tax Annual Amount
- 4773
Building Details
- Year built
- 1962
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC 0588281
(432) 703-2545
Added: Apr 2, 2025
Changed: Jul 24
Last Checked: Jul 25 at 3:06PM
MLS# 50081174
Copyright © 2026 Permian Basin 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 commercial building sits on a large corner lot and features a multi-room interior with windows and offices. The property also includes a conference room and a rear garage area designed for vehicle work, supported by two two-bay doors. Exterior amenities include covered parking and an asphalt parking area, and the building is served by city water and sewer.
Located at 2201 E 8th St in Odessa, Texas, the property is positioned on a corner for straightforward access and visibility. The layout can support a range of uses, including automotive-oriented operations that need shop space, as well as office or personal-service setups where multiple rooms and a conference room are beneficial.
For buyers and tenants looking for flexible interior space combined with parking and rear vehicle access, this property offers a practical combination of office rooms and a garage/work area.
Located at 2201 E 8th St in Odessa, Texas, the property is positioned on a corner for straightforward access and visibility. The layout can support a range of uses, including automotive-oriented operations that need shop space, as well as office or personal-service setups where multiple rooms and a conference room are beneficial.
For buyers and tenants looking for flexible interior space combined with parking and rear vehicle access, this property offers a practical combination of office rooms and a garage/work area.
Key Highlights
- 1962‑built large corner lot commercial building with 3,150 SF and covered plus asphalt parking.
- $5,000/month NNN lease for 12 months; also offered for sale at $660,000.
- Many rooms with windows, including offices and a conference room.
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 | $66.2k | $21.00 |
| − Vacancy | −$10.3k | −$3.26 |
| EGI | $55.9k | $17.75 |
| − OpEx | −$14.0k | −$4.44 |
| NOI | $41.9k | $13.31 |
3,150 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Industrial
$2.67M
$2.34M – $3.12M
NOI $186,940 @ 7.0% cap · market cap 28.32%
Second Best
Office B
$598.9K
$524.0K – $698.7K
NOI $41,923 @ 7.0% cap · market cap 6.35%
Theoretical Best
Flex RnD
$4.58M
$4.01M – $5.34M
NOI $320,557 @ 7.0% cap · market cap 48.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blue Whale Hand ...
Car Wash
Similar Off Market Nearby
- W L Harrison & Son Garage — 1334 E 2nd St, Odessa, TX 79761
- Premier Car Care Center — 1600 E 2nd St, Odessa, TX 79761
- West Texas Fleet Services LLC — 245 S Grandview Ave, Odessa, TX 79761
- Greshams Industrial Supply — 1500 E 2nd St, Odessa, TX 79761
- WRS Glass — 1339 E 2nd St Unit A, Odessa, TX 79761
FAQs
What type of property is this?
Auto shop - Large corner lot commercial building with covered parking, asphalt lot, and multi-room layout plus rear garage with two bay doors.
Where is this auto shop located?
The property is located at 2201 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 1962‑built large corner lot commercial building with 3,150 SF and covered plus asphalt parking.; $5,000/month NNN lease for 12 months; also offered for sale at $660,000.; Many rooms with windows, including offices and a conference room.
