Odessa Retail Investment
For Sale
Contact for pricing
Pending
2604 E 8th St, Odessa, TX 79761
Standalone retail building leased to Enterprise Rent-A-Car on 1.04-acre lot.
Property Size1,875 SF
Lot Size1.04 Acres
Days on Market659
Property Features for 2604 E 8th St
General Information
Standard status
Pending
Size
1,875 SF
Lot size
1.04 Acres
Property subtype
Retail
Building Details
Year Built
2001
Listing Agency:
Moriah Real Estate Company, LLC
(432) 682-2510
Listed By:
Tommy Reynolds · License #Texas 716306
Source:
Crexi
Added: Oct 11, 2024
Changed: Jul 6
Last Checked: Jul 24 at 6:20PM
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 Moriah Real Estate Company, LLC
Investment Insights
Based on property information with market context.
This 1,875-square-foot standalone retail building is located in Odessa, TX, and presents an investment opportunity. The property is situated on a 1.04-acre lot and is currently leased to Enterprise Rent-A-Car. The location is along 8th Street, near its intersection with Highway 80, and is surrounded by similar-sized commercial developments. The property features 270 feet of frontage on 8th Street, providing visibility.
Key Highlights
- Leased to Enterprise Rent‑A‑Car providing immediate income
- Prime location on 8th Street near Highway 80 intersection
- Large 1.04‑acre lot offers long‑term value
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 | $32.6k | $17.40 |
| − Vacancy | −$2.8k | −$1.48 |
| EGI | $29.9k | $15.92 |
| − OpEx | −$9.0k | −$4.78 |
| NOI | $20.9k | $11.14 |
1,875 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$298.5K
$261.2K – $348.3K
NOI $20,896 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.73M
$2.39M – $3.18M
NOI $190,808 @ 7.0% cap · market cap 40.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Standalone retail building leased to Enterprise Rent-A-Car on 1.04-acre lot.
Where is this retail space located?
The property is located at 2604 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Leased to Enterprise Rent‑A‑Car providing immediate income; Prime location on 8th Street near Highway 80 intersection; Large 1.04‑acre lot offers long‑term value
