Storefront with Rear
For Sale
Contact for pricing
514 N Grant, Odessa, TX 79761
The downtown building includes two restrooms and parking behind the property.
Property Size3,000 SF
Price / SF$1.00
Days on Market34
Property Features for 514 N Grant
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
2
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,723
Building Details
Building Size
3,000 SF
Year Built
1958
Buildings
1
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
The Back Rank Team · License #00237674
(432) 466-9811
Source:
Gloriarealestate
Added: Sep 22
Changed: Oct 24
Last Checked: Oct 24 at 3:01PM
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 The Real Estate Ranch LLC
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Investment Insights
Based on property information with market context.
This 3,000-square-foot storefront at 514 N Grant in Odessa was built in 1958. The building has two restrooms and private parking at the rear for two vehicles. Its stated use options include office, retail, and professional services.
Key Highlights
- 3,000‑square‑foot storefront
- Built in 1958
- Two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,434
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,680
$668.7K
Cap Rate 7%
$477,629
$477.6K
Cap Rate 9%
$371,489
$371.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$52.2K $17.40/SF
− Vacancy
−$4.4K −$1.48/SF
EGI
$47.8K $15.92/SF
− OpEx
−$14.3K −$4.78/SF
NOI
$33.4K $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%
$668,680
Cap Rate 7%
$477,629
Cap Rate 9%
$371,489
Alternative Uses
Best Use
Retail
$477.6K
$417.9K – $557.2K
NOI $33,434 @ 7.0% cap · market cap 1,114.47%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.36M
$3.82M – $5.09M
NOI $305,293 @ 7.0% cap · market cap 10,176.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
- Mark Knox Flowers — 1209 E 8th St, Odessa, TX 79761
- Albertsons Floral — 1350 E 8th St, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Storefront property - The downtown building includes two restrooms and parking behind the property.
Where is this storefront property located?
The property is located at 514 N Grant Odessa, TX.
What are key features of this property?
This property features: 3,000‑square‑foot storefront; Built in 1958; Two restrooms
