Retail
For Sale
Contact for pricing
5027 E Hwy 80, Odessa, TX 79762
The 1983 building previously operated as a game room.
Property Size3,740 SF
Price / SF$1.47
Days on Market340
Property Features for 5027 E Hwy 80
General Information
Standard status
Active
Size
3,740 SF
Total Parking Spaces
75
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,726
Building Details
Building Size
3,740 SF
Year Built
1983
Buildings
1
Listing Agency:
TROWER REALTORS
(432) 333-3211
Listed By:
Tonya Trower · License #308526
(432) 889-2124
Source:
Gloriarealestate
Added: Nov 19, 2025
Changed: Oct 24
Last Checked: Oct 24 at 3:31PM
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 TROWER REALTORS
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Investment Insights
Based on property information with market context.
This 3,740-square-foot retail property was built in 1983 and previously operated as a game room. It is located at 5027 E Hwy 80 in Odessa, Texas.
Key Highlights
- 3,740‑square‑foot retail property
- Previously operated as a game room
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,620
$833.6K
Cap Rate 7%
$595,443
$595.4K
Cap Rate 9%
$463,122
$463.1K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$65.1K $17.40/SF
− Vacancy
−$5.5K −$1.48/SF
EGI
$59.5K $15.92/SF
− OpEx
−$17.9K −$4.78/SF
NOI
$41.7K $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%
$833,620
Cap Rate 7%
$595,443
Cap Rate 9%
$463,122
Alternative Uses
Best Use
Retail
$595.4K
$521.0K – $694.7K
NOI $41,681 @ 7.0% cap · market cap 757.84%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$5.44M
$4.76M – $6.34M
NOI $380,598 @ 7.0% cap · market cap 6,919.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The 1983 building previously operated as a game room.
Where is this retail space located?
The property is located at 5027 E Hwy 80 Odessa, TX.
What are key features of this property?
This property features: 3,740‑square‑foot retail property; Previously operated as a game room; Built in 1983
