Renovated Showroom with On-Site
For Sale
Contact for pricing
515 W 42ND ST, Odessa, TX 79764
Updated showroom includes display shelving, bar-style countertops, on-site parking, and security cameras.
Property Size4,620 SF
Price / SF$270.56
Days on Market213
Property Features for 515 W 42ND ST
General Information
Standard status
Active
Size
4,620 SF
Property subtype
Retail
Amenities
Large Show Room
Bar Style Countertops & Shelving
Convenient On-Site Parking
Active Exterior & Interior Security Cameras
Building Details
Year Renovated
2025
Buildings
1
Listing Agency:
Moriah Real Estate Company, LLC
Listed By:
Wes Gotcher · License #TX
(432) 682-2510
Source:
Crexi
Added: Mar 16
Changed: Oct 2
Last Checked: Oct 12 at 6:51PM
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 Moriah Real Estate Company, LLC
Investment Insights
Based on property information with market context.
This 4,620-square-foot showroom at 515 W 42nd St features a large display area with bar-style countertops and shelving. The property was renovated in 2025 and includes active security cameras serving both the interior and exterior.
The building has frontage on 42nd Street and convenient on-site parking, combining customer-facing presentation space with practical access and built-in security features. Its showroom configuration and existing display improvements support a range of retail-oriented operations.
The building has frontage on 42nd Street and convenient on-site parking, combining customer-facing presentation space with practical access and built-in security features. Its showroom configuration and existing display improvements support a range of retail-oriented operations.
Key Highlights
- 4,620‑square‑foot showroom
- Renovated in 2025
- Frontage on 42nd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,489
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,780
$1.0M
Cap Rate 7%
$735,557
$735.6K
Cap Rate 9%
$572,100
$572.1K
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$80.4K $17.40/SF
− Vacancy
−$6.8K −$1.48/SF
EGI
$73.6K $15.92/SF
− OpEx
−$22.1K −$4.78/SF
NOI
$51.5K $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%
$1,029,780
Cap Rate 7%
$735,557
Cap Rate 9%
$572,100
Alternative Uses
Best Use
Retail
$735.6K
$643.6K – $858.2K
NOI $51,489 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$6.72M
$5.88M – $7.84M
NOI $470,151 @ 7.0% cap · market cap 37.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Showroom - Updated showroom includes display shelving, bar-style countertops, on-site parking, and security cameras.
Where is this showroom located?
The property is located at 515 W 42ND ST Odessa, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,620‑square‑foot showroom; Renovated in 2025; Frontage on 42nd Street
