Odessa Retail Property For
2751 North County Road West, Odessa, TX 79764
Retail property on a hard corner at a signalized intersection.
Type:Retail
Property size:
61,955 SFPrice / SF:
$208/SF- Added:
- May 14, 2026
- Days on Market:
- 16
- Last Refresh:
- May 16 at 8:45 pm
Property Features for 2751 North County Road West
General Information
- Standard status
- Active
- Size
- 61,955 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing agent Thomas Carr License #374849
Listing office CBRE Atlanta
Listing date May 14, 2026
Source Crexi
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 CBRE Atlanta
HighLights
- High‑traffic location at the signalized intersection of North County Road West (16,300 VPD) and West University Boulevard (27,540 VPD).
- Proximate to a variety of national retailers and service providers including Planet Fitness, Walgreens, and McDonald's.
- Surrounded by significant commercial and residential density: 7.5 MSF of retail, 2.7 MSF of office, 12.2 MSF of industrial, and 8,700+ multifamily units within a 5‑mile radius.
- Located near TX‑302 (25,250 VPD).
- Close to major retailers such as Walmart Supercenter and H‑E‑B.
- Built in 1985.
Overview
The property is positioned on a hard corner at the signalized intersection of North County Road West and West University Boulevard, a mile east of TX-302. The location is proximate to Planet Fitness, Advance Auto Parts, Dollar General, Walgreens, McDonald's, Dickey's Barbecue Pit, McAlister's Deli, Jack in the Box, and Firestone Complete Auto Care. The surrounding area within a 5-mile radius contains 7.5 MSF of retail, 2.7 MSF of office, 12.2 MSF of industrial, 8,700+ multifamily units, and 2,940 hotel rooms. Major retailers in the vicinity include Walmart Supercenter, H-E-B, Harbor Freight, Boot Barn, Ollie's Bargain Outlet, O'Reilly Auto Parts, CVS, Dollar Tree, Chick-fil-A, and Whataburger, among others. The property size is 61955 square feet. Traffic counts are 16,300 VPD on North County Road West and 27,540 VPD on West University Boulevard; TX-302 has 25,250 VPD.
Local Financial Insights For Specialty 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 | $1.19M | $19.20 |
| − Vacancy | −$83.3k | −$1.34 |
| EGI | $1.11M | $17.86 |
| − OpEx | −$276.6k | −$4.46 |
| NOI | $829.7k | $13.39 |
61,955 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$11.85M
$10.37M – $13.83M
NOI $829,701 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$9.86M
$8.63M – $11.51M
NOI $690,470 @ 7.0% cap · market cap 5.35%
Theoretical Best
Flex RnD
$90.07M
$78.81M – $105.08M
NOI $6,304,805 @ 7.0% cap · market cap 48.81%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Primo Water Refill ...
Big Box & Wholesale Store
Redbox
Cinema
higi
Physician
Western Union
Bank
United Supermarkets Pharmacy
Pharmacy
Similar Places Nearby
- Mi Tierra Meat Market — 500 W University Blvd, Odessa, TX 79764
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.398074
- Latitude
- 31.865618
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Retail property on a hard corner at a signalized intersection.
Where is this grocery and convenience store located?
The property is located at 2751 North County Road West Odessa, TX.
What is the asking price?
The asking price for this property is $12,916,600.
What are key features of this property?
This property features: High‑traffic location at the signalized intersection of North County Road West (16,300 VPD) and West University Boulevard (27,540 VPD).; Proximate to a variety of national retailers and service providers including Planet Fitness, Walgreens, and McDonald's.; Surrounded by significant commercial and residential density: 7.5 MSF of retail, 2.7 MSF of office, 12.2 MSF of industrial, and 8,700+ multifamily units within a 5‑mile radius.
