Move-In Ready Retail
For Sale
$235,000
2411 Kermit Hwy, Odessa, TX 79761
Recently refreshed storefront with a fully equipped kitchen, back parking, and a low-maintenance fenced yard.
Property Size1,500 SF
Price / SF$156.67
Days on Market60
Property Features for 2411 Kermit Hwy
General Information
Standard status
Active
Size
1,500 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Fenced Yard
Yes
Building Details
Year Built
1953
Listing Agency:
Dalton Wade, Inc.
(432) 269-5926
Listed By:
Julianne White
(432) 269-5926
Source:
Xome
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 30 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 Dalton Wade, Inc.
Investment Insights
Based on property information with market context.
This move-in ready commercial building offers approximately 1,500 square feet of retail or service space, updated with fresh paint and new flooring. The interior includes a fully equipped kitchen with a refrigerator, stove, and washer and dryer included, supporting a wide range of everyday operations. For outdoor space, the property features a zero-scape backyard designed for minimal maintenance, bordered by a 7-foot privacy fence. Practical storage is available throughout the building to support tenant workflows.
The property is located at 2411 Kermit Hwy in Odessa, Texas, and is positioned across from Odessa College. Convenient parking is available in the back, which can support both customer access and day-to-day staff needs.
With recent cosmetic upgrades, an included kitchen package, and a fenced, low-maintenance yard, this storefront is well suited for tenants looking for a ready-to-operate space in an education-adjacent retail environment. The combination of indoor utility and usable outdoor area can accommodate concepts that value a functional back-of-house setup and straightforward, low-maintenance maintenance requirements.
The property is located at 2411 Kermit Hwy in Odessa, Texas, and is positioned across from Odessa College. Convenient parking is available in the back, which can support both customer access and day-to-day staff needs.
With recent cosmetic upgrades, an included kitchen package, and a fenced, low-maintenance yard, this storefront is well suited for tenants looking for a ready-to-operate space in an education-adjacent retail environment. The combination of indoor utility and usable outdoor area can accommodate concepts that value a functional back-of-house setup and straightforward, low-maintenance maintenance requirements.
Key Highlights
- 1500 sq. ft. commercial building with recently upgraded paint and new flooring
- Fully equipped kitchen includes refrigerator, stove, washer, and dryer
- Parking available in the back of the building
Financial Insights For Retail
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 | $26.1k | $17.40 |
| − Vacancy | −$2.2k | −$1.48 |
| EGI | $23.9k | $15.92 |
| − OpEx | −$7.2k | −$4.78 |
| NOI | $16.7k | $11.14 |
1,500 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$238.8K
$209.0K – $278.6K
NOI $16,717 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.18M
$1.91M – $2.54M
NOI $152,646 @ 7.0% cap · market cap 64.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- western floral and gift/ floristeria en odessa/ floristeria con delivery/ eventos especiales — 209 E University Blvd, Odessa, TX 79762
- Romantic Rose Flowers & Gifts — 209 E University Blvd, Odessa, TX 79762
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
- Blooming Rose — 302 E University Blvd, Odessa, TX 79762
Frequently Asked Questions
What type of property is this?
Storefront property - Recently refreshed storefront with a fully equipped kitchen, back parking, and a low-maintenance fenced yard.
Where is this storefront property located?
The property is located at 2411 Kermit Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1500 sq. ft. commercial building with recently upgraded paint and new flooring; Fully equipped kitchen includes refrigerator, stove, washer, and dryer; Parking available in the back of the building
