Storefront Property with Central
For Sale
Contact for pricing
518 S Grant, Odessa, TX 79761
A compact commercial space with separate men’s and women’s restrooms and central heating and air conditioning.
Property Size1,920 SF
Price / SF$1.69
Days on Market180
Property Features for 518 S Grant
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$40,000
Amenities
central heat & air
separate men's and women's restrooms
Building Details
Building Size
1,920 SF
Year Built
1957
Stories
1
Listing Agency:
TruStar Real Estate
(877) 400-0340
Listed By:
Trust Key Team @ Trustar Real Estate · License #0567493
(432) 889-0501
Source:
Gloriarealestate
Added: Apr 29
Changed: Oct 24
Last Checked: Oct 24 at 2:43PM
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 TruStar Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property at 518 S Grant in Odessa contains approximately 1,920 square feet. Built in 1957, the building has central heating and air conditioning, along with separate men’s and women’s restrooms.
Key Highlights
- Approximately 1,920 square feet of storefront space
- Central heating and air conditioning
- Separate men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,398
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,960
$428.0K
Cap Rate 7%
$305,686
$305.7K
Cap Rate 9%
$237,756
$237.8K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$33.4K $17.40/SF
− Vacancy
−$2.8K −$1.48/SF
EGI
$30.6K $15.92/SF
− OpEx
−$9.2K −$4.78/SF
NOI
$21.4K $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%
$427,960
Cap Rate 7%
$305,686
Cap Rate 9%
$237,756
Alternative Uses
Best Use
Retail
$305.7K
$267.5K – $356.6K
NOI $21,398 @ 7.0% cap · market cap 658.40%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.79M
$2.44M – $3.26M
NOI $195,387 @ 7.0% cap · market cap 6,011.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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
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 - A compact commercial space with separate men’s and women’s restrooms and central heating and air conditioning.
Where is this storefront property located?
The property is located at 518 S Grant Odessa, TX.
What are key features of this property?
This property features: Approximately 1,920 square feet of storefront space; Central heating and air conditioning; Separate men’s and women’s restrooms
