New Retail
3601 Billy Hext Rd. #110, Odessa, TX 79765
For Sale
Contact for pricing
A gross-lease retail suite offers a straightforward occupancy structure for a minimum five-year term.
Property Size1,500 SF
Price / SF$2.00
Days on Market855
Property Features for 3601 Billy Hext Rd. #110
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
EXIT Permian Basin Realty
(432) 400-2177
Listed By:
Joe Garcia · License TX #0591918
(432) 978-2077
Source:
Gloriarealestate
Added: Jul 12, 2024
Changed: Nov 12
Last Checked: Nov 13 at 4:14AM
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 EXIT Permian Basin Realty
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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 1,500-square-foot retail suite was built in 2024 and is offered under a gross lease with a minimum five-year term. The space is located at 3601 Billy Hext Road, Suite 110, in Odessa, Texas.
Uses excluded from the offering include liquor stores, vape shops, and CBD businesses.
Uses excluded from the offering include liquor stores, vape shops, and CBD businesses.
Key Highlights
- 1,500‑square‑foot retail suite
- Built in 2024
- Gross lease; minimum five‑year term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,717
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,340
$334.3K
Cap Rate 7%
$238,814
$238.8K
Cap Rate 9%
$185,744
$185.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$26.1K $17.40/SF
− Vacancy
−$2.2K −$1.48/SF
EGI
$23.9K $15.92/SF
− OpEx
−$7.2K −$4.78/SF
NOI
$16.7K $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%
$334,340
Cap Rate 7%
$238,814
Cap Rate 9%
$185,744
Alternative Uses
Best Use
Retail
$238.8K
$209.0K – $278.6K
NOI $16,717 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 79765, TX
21,163
Population
9,709
Households
2.2
Avg Household Size
31
Median Age
26%
College-Educated
91%
High-School Grad
23.4 sq mi
ZIP Area
904
Density / Sq Mi
$100,844
Median Household Income
$53,204
Median Earnings
$1,535
Median Rent
$299,800
Median Home Value
Market
Average Price Trend$/SF for Retail space in Odessa, TX
Properties on Market for Retail space in Odessa
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A gross-lease retail suite offers a straightforward occupancy structure for a minimum five-year term.
Where is this retail space located?
The property is located at 3601 Billy Hext Rd. #110 Odessa, TX.
What are key features of this property?
This property features: 1,500‑square‑foot retail suite; Built in 2024; Gross lease; minimum five‑year term
