Fenced Commercial
For Sale
Contact for pricing
2546 E 8th St, Odessa, TX 79761
Fully enclosed commercial site with recently remodeled office space and prior car-lot use.
Property Size1,635 SF
Price / SF$259.94
Days on Market118
Property Features for 2546 E 8th St
General Information
Standard status
Active
Size
1,635 SF
Class
C
Property subtype
Retail, Land, Special Purpose
Building Details
Year Built
1955
Year Renovated
2021
Buildings
1
Stories
1
Units
1
Listing Agency:
Southern Spaces Realty
Listed By:
Allen Torans, Jr · License #TX 613192
Source:
Crexi
Added: Jun 20
Changed: Oct 14
Last Checked: Oct 12 at 5:40PM
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 Southern Spaces Realty
Investment Insights
Based on property information with market context.
This commercial land property at 2546 E 8th St in Odessa includes a fully fenced site and on-site office space that was recently remodeled. The improvements provide a dedicated setting for administrative work and client-facing activity, while the enclosed layout supports the property’s prior car-lot operation.
The property has previously been used for automotive sales and equipment storage, offering an established commercial configuration for similar operations. Built in 1955, the site is located in Odessa, Texas, at 2546 E 8th St.
The property has previously been used for automotive sales and equipment storage, offering an established commercial configuration for similar operations. Built in 1955, the site is located in Odessa, Texas, at 2546 E 8th St.
Key Highlights
- Fully fenced commercial property at 2546 E 8th St, Odessa, TX
- On‑site office space recently remodeled
- Previously operated as a car lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,760
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,200
$435.2K
Cap Rate 7%
$310,857
$310.9K
Cap Rate 9%
$241,778
$241.8K
Market Conditions
NOI Build-Up for 1,635 SF
Gross rent
$34.3K $21.00/SF
− Vacancy
−$5.3K −$3.26/SF
EGI
$29.0K $17.75/SF
− OpEx
−$7.3K −$4.44/SF
NOI
$21.8K $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%
$435,200
Cap Rate 7%
$310,857
Cap Rate 9%
$241,778
Alternative Uses
Best Use
Industrial
$1.39M
$1.21M – $1.62M
NOI $97,031 @ 7.0% cap · market cap 22.83%
Second Best
Office B
$310.9K
$272.0K – $362.7K
NOI $21,760 @ 7.0% cap · market cap 5.12%
Theoretical Best
Flex RnD
$2.38M
$2.08M – $2.77M
NOI $166,385 @ 7.0% cap · market cap 39.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Fully enclosed commercial site with recently remodeled office space and prior car-lot use.
Where is this commercial land located?
The property is located at 2546 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully fenced commercial property at 2546 E 8th St, Odessa, TX; On‑site office space recently remodeled; Previously operated as a car lot
