Odessa Retail Automotive
2763 N County Rd W, Odessa, TX 79764
For Sale
Contact for pricing
Retail automotive property available for sale in Odessa, Texas.
Property Size11,223 SF
Price / SF$191.13
Days on Market289
Property Features for 2763 N County Rd W
General Information
Standard status
Size
Class
Property subtype
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Alvin Mansour · License TX #0606255
(858) 373-3184
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 28 at 10:31AM
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 Marcus & Millichap - San Diego
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property, suitable for auto shops and other automotive or retail businesses, is available for sale. The property has a size of 11,223 square feet and is located in Odessa, Texas.
Key Highlights
- Access to full marketing package available on the property website.
- Built in 1989.
- Advance Auto Parts property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,077
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,501,540
$2.5M
Cap Rate 7%
$1,786,814
$1.8M
Cap Rate 9%
$1,389,744
$1.4M
Market Conditions
NOI Build-Up for 11,223 SF
Gross rent
$195.3K $17.40/SF
− Vacancy
−$16.6K −$1.48/SF
EGI
$178.7K $15.92/SF
− OpEx
−$53.6K −$4.78/SF
NOI
$125.1K $11.14/SF
Area
Odessa, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,501,540
Cap Rate 7%
$1,786,814
Cap Rate 9%
$1,389,744
Alternative Uses
Best Use
Retail
$1.79M
$1.56M – $2.08M
NOI $125,077 @ 7.0% cap · market cap 5.83%
Second Best
Industrial
$825.6K
$722.4K – $963.2K
NOI $57,794 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,676 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Odessa, TX
Properties on Market for Auto shops in Odessa
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Walmart Auto Care Centers — 2450 NW Loop 338 State Rte W, Odessa, TX 79763
- Statewide Insurance — 1911 N County Rd W, Odessa, TX 79763
- Uniroyal — N County Rd W, Odessa, TX 79763
- AMSOIL — 2206 Salinas Ave, Odessa, TX 79763
- Chavi Mobile Diesel Services — 1912 N Alleghaney Ave, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Auto shop - Retail automotive property available for sale in Odessa, Texas.
Where is this auto shop located?
The property is located at 2763 N County Rd W Odessa, TX.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: Access to full marketing package available on the property website.; Built in 1989.; Advance Auto Parts property.
