Flower Shop and Retail
2618 Kermit Hwy Odessa, TX 79763
For Sale
$650,000
For sale with a long-standing flower shop operation, including the commercial real estate and current inventory.
Property Size4,500 SF
Price / SF$144.44
Days on Market169
Property Features for 2618 Kermit Hwy
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing Agency:
Beyond Realty, LLC
(432) 653-7339
Listed By:
Cynthia Duarte · License #0766418
(432) 653-7339
Source:
Xome
Added: Feb 4
Changed: Jul 21
Last Checked: Jul 23 at 4:06AM
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 Beyond Realty, LLC
Investment Insights
Based on property information with market context.
This offering includes a profitable, growing flower shop business and the commercial real estate it operates from. The sale includes all current inventory, with a stated retail value of approximately $375k, as well as all wholesale vendor lists.
The shop specializes in cemetery and funeral arrangements and also provides wholesale supply to local event planners and flower shops across nearby towns.
The commercial real estate is included in the sale, with the total property size stated as 4,500 square feet.
The shop specializes in cemetery and funeral arrangements and also provides wholesale supply to local event planners and flower shops across nearby towns.
The commercial real estate is included in the sale, with the total property size stated as 4,500 square feet.
Key Highlights
- Long‑standing, family‑owned flower shop business specializing in cemetery and funeral arrangements.
- Wholesale floral supplier to local event planners and flower shops across nearby towns.
- Commercial real estate included in the sale, built in 1960.
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 | $78.3k | $17.40 |
| − Vacancy | −$6.7k | −$1.48 |
| EGI | $71.6k | $15.92 |
| − OpEx | −$21.5k | −$4.78 |
| NOI | $50.2k | $11.14 |
4,500 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$716.4K
$626.9K – $835.9K
NOI $50,151 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$6.54M
$5.72M – $7.63M
NOI $457,939 @ 7.0% cap · market cap 70.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mima's Home Decore
Home Decor Store
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
- Blooming Rose — 302 E University Blvd, Odessa, TX 79762
FAQs
What type of property is this?
Storefront property - For sale with a long-standing flower shop operation, including the commercial real estate and current inventory.
Where is this storefront property located?
The property is located at 2618 Kermit Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Long‑standing, family‑owned flower shop business specializing in cemetery and funeral arrangements.; Wholesale floral supplier to local event planners and flower shops across nearby towns.; Commercial real estate included in the sale, built in 1960.
