Freestanding Building on Andrews
For Sale
$3,000,000
3636 Andrews Hwy, Odessa, TX 79762
Value-add opportunity with high traffic and flexible uses.
Property Size11,896 SF
Lot Size1.01 Acres
Price / SF$252.19
Days on Market200
Property Features for 3636 Andrews Hwy
General Information
Standard status
Active
Size
11,896 SF
Lot size
1.01 Acres
Building Details
Year Built
1970
Listing Agency:
Brix & Co. Realty
Listed By:
Hien Tieu · License #0827004
(432) 254-1688
Source:
Billlanier
Added: Mar 27
Changed: Sep 11
Last Checked: Oct 7 at 12:53PM
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 Brix & Co. Realty
Investment Insights
Based on property information with market context.
This 11,896 square foot freestanding building is situated on approximately 1.005 acres along one of Andrews Highway's busiest corridors, which sees an estimated 15,000 to 30,000 vehicles daily. The property offers easy access and is suitable for investment. Its open floor plan can accommodate a variety of uses, including retail, restaurant, and office spaces. The seller is open to various deal structures, including the purchase of the real estate and/or the existing grocery business.
Key Highlights
- High‑traffic location on Andrews Highway with 15,000‑30,000 vehicles per day.
- Value‑add opportunity with potential for increased value.
- Freestanding building with 11,896 SF on 1.005 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,577
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,540
$2.7M
Cap Rate 7%
$1,893,957
$1.9M
Cap Rate 9%
$1,473,078
$1.5M
Market Conditions
NOI Build-Up for 11,896 SF
Gross rent
$207.0K $17.40/SF
− Vacancy
−$17.6K −$1.48/SF
EGI
$189.4K $15.92/SF
− OpEx
−$56.8K −$4.78/SF
NOI
$132.6K $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%
$2,651,540
Cap Rate 7%
$1,893,957
Cap Rate 9%
$1,473,078
Alternative Uses
Best Use
Retail
$1.89M
$1.66M – $2.21M
NOI $132,577 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$17.29M
$15.13M – $20.18M
NOI $1,210,588 @ 7.0% cap · market cap 40.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Value-add opportunity with high traffic and flexible uses.
Where is this retail space located?
The property is located at 3636 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: High‑traffic location on Andrews Highway with 15,000‑30,000 vehicles per day.; Value‑add opportunity with potential for increased value.; Freestanding building with 11,896 SF on 1.005 acres.
