New Retail
For Sale
Contact for pricing
3601 Billy Hext Rd. #130, Odessa, TX 79765
Completed in 2024, this newly built space offers a contemporary retail setting in Odessa.
Property Size1,500 SF
Price / SF$2.00
Days on Market836
Property Features for 3601 Billy Hext Rd. #130
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Building Size
1,500 SF
Year Built
2024
Listing Agency:
EXIT Permian Basin Realty
(432) 400-2177
Listed By:
Joe Garcia · License #0591918
(432) 978-2077
Source:
Gloriarealestate
Added: Jul 12, 2024
Changed: Oct 24
Last Checked: Oct 24 at 2:53PM
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.
Built in 2024, this 1,500-square-foot retail space is located at 3601 Billy Hext Rd., Suite 130, Odessa, Texas 79765.
Key Highlights
- 1,500 square feet of retail space
- Built in 2024
- Located at 3601 Billy Hext Rd. #130 in Odessa, TX 79765
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 · market cap 557.23%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.18M
$1.91M – $2.54M
NOI $152,646 @ 7.0% cap · market cap 5,088.20%
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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Completed in 2024, this newly built space offers a contemporary retail setting in Odessa.
Where is this retail space located?
The property is located at 3601 Billy Hext Rd. #130 Odessa, TX.
What are key features of this property?
This property features: 1,500 square feet of retail space; Built in 2024; Located at 3601 Billy Hext Rd. #130 in Odessa, TX 79765
