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 Market72
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: Aug 29
Last Checked: Aug 29 at 3:20PM
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 = 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
$21,760
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
5.12%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
