Freestanding Retail
For Sale
$3,000,000
3636 Andrews Hwy, Odessa, TX 79762
Commercial Sale, Odessa, TX
Property Size11,896 SF
Lot Size1.01 Acres
Price / SF$252.19
Days on Market226
Property Features for 3636 Andrews Hwy
General Information
Property type
Residential
Property subtype
Retail
Fencing
Chain Link
Subdivision
Hines
Lot features
Corner Lot
Standard status
Active
APN
14250.00010.00000
Size
11,896 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Annual Amount
7982
Utilities
Utilities
Cable Available
Building Details
Year built
1970
Floors in Building
1
Building materials
Stucco, Block, Metal Studs
Roof type
Flat
Listing Agency:
Brix & Co. Realty
(432) 201-1040
Listed By:
Hien Tieu · License #0827004
(432) 254-1688
Added: Feb 24
Changed: Aug 20
Last Checked: Oct 8 at 6:06AM
MLS# 167619
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding retail property contains 11,896 square feet within an approximately 1.005-acre site. The open interior layout can accommodate retail, restaurant, or office functions. Constructed in 1970, the building features a flat roof and exterior materials including stucco, block, and metal studs. Chain-link fencing surrounds the property, and cable is available.
The property is located at 3636 Andrews Hwy in Odessa, Texas, along a corridor carrying approximately 15,000 to 30,000 vehicles per day. Its highway position provides direct commercial access, while the site configuration and flexible interior offer a range of potential operating formats. The existing property information also references an existing grocery business as part of possible deal structures.
The property is located at 3636 Andrews Hwy in Odessa, Texas, along a corridor carrying approximately 15,000 to 30,000 vehicles per day. Its highway position provides direct commercial access, while the site configuration and flexible interior offer a range of potential operating formats. The existing property information also references an existing grocery business as part of possible deal structures.
Key Highlights
- 11,896‑square‑foot freestanding retail building
- Approximately 1.005‑acre site
- Approximately 15,000‑30,000 vehicles per day on Andrews Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,311
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,186,220
$3.2M
Cap Rate 7%
$2,275,871
$2.3M
Cap Rate 9%
$1,770,122
$1.8M
Market Conditions
NOI Build-Up for 11,896 SF
Gross rent
$228.4K $19.20/SF
− Vacancy
−$16.0K −$1.34/SF
EGI
$212.4K $17.86/SF
− OpEx
−$53.1K −$4.46/SF
NOI
$159.3K $13.39/SF
Area
Odessa, TX
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,186,220
Cap Rate 7%
$2,275,871
Cap Rate 9%
$1,770,122
Alternative Uses
Best Use
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,311 @ 7.0% cap · market cap 5.31%
Second Best
Retail
$1.89M
$1.66M – $2.21M
NOI $132,577 @ 7.0% cap · market cap 4.42%
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial space with access to a major corridor and support for retail, restaurant, or office 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: 11,896‑square‑foot freestanding retail building; Approximately 1.005‑acre site; Approximately 15,000‑30,000 vehicles per day on Andrews Highway
