Retail Storefront
For Sale
$8,000,000
3205 S South County Rd, Odessa, TX 79766
Commercial showroom and retail storefront property offered for sale in Odessa, TX.
Property Size41,131 SF
Price / SF$194.50
Days on Market174
Property Features for 3205 S South County Rd
General Information
Standard status
Active
Size
41,131 SF
Building Details
Year Built
2014
Listing Agency:
Heritage Real Estate
Listed By:
Sergio Bustamante · License #0795187
(303) 437-3408
Source:
Billlanier
Added: Apr 24
Changed: Sep 13
Last Checked: Oct 7 at 5:04PM
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 Heritage Real Estate
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale and includes commercial showroom and storefront space. The building totals 41,131 square feet, providing a single site designed for retail-oriented use.
The property is located at 3205 S South County Road in Odessa, Texas, and is positioned as a dedicated commercial facility for businesses seeking a storefront and showroom format.
For buyers and brokers evaluating the asset’s fit, the offering is best understood as a consolidated retail storefront/showroom building with an overall size of 41,131 square feet.
The property is located at 3205 S South County Road in Odessa, Texas, and is positioned as a dedicated commercial facility for businesses seeking a storefront and showroom format.
For buyers and brokers evaluating the asset’s fit, the offering is best understood as a consolidated retail storefront/showroom building with an overall size of 41,131 square feet.
Key Highlights
- Commercial showroom and retail storefront property in Odessa, TX
- Year built: 2014
- Guest facilities: 3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$458,393
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,167,860
$9.2M
Cap Rate 7%
$6,548,471
$6.5M
Cap Rate 9%
$5,093,256
$5.1M
Market Conditions
NOI Build-Up for 41,131 SF
Gross rent
$715.7K $17.40/SF
− Vacancy
−$60.8K −$1.48/SF
EGI
$654.8K $15.92/SF
− OpEx
−$196.5K −$4.78/SF
NOI
$458.4K $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%
$9,167,860
Cap Rate 7%
$6,548,471
Cap Rate 9%
$5,093,256
Alternative Uses
Best Use
Retail
$6.55M
$5.73M – $7.64M
NOI $458,393 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$59.80M
$52.32M – $69.76M
NOI $4,185,666 @ 7.0% cap · market cap 52.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79766, TX
9,688
Population
3,516
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
58%
High-School Grad
305.0 sq mi
ZIP Area
32
Density / Sq Mi
$70,965
Median Household Income
$41,913
Median Earnings
$1,100
Median Rent
$151,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Showroom - Commercial showroom and retail storefront property offered for sale in Odessa, TX.
Where is this showroom located?
The property is located at 3205 S South County Rd Odessa, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Commercial showroom and retail storefront property in Odessa, TX; Year built: 2014; Guest facilities: 3
