Retail Space for
For Sale
$270,000
6115 Andrews Hwy, Odessa, TX 79762
Retail property offered for sale at 6115 Andrews Hwy in Odessa, Texas.
Property Size2,021 SF
Price / SF$133.60
Days on Market12
Property Features for 6115 Andrews Hwy
General Information
Standard status
Active
Size
2,021 SF
Property subtype
General Commercial
Amenities
City Road.
Building Details
Year Built
1957
Listing Agency:
Black Orchid Real Estate, LLC
(432) 202-0182
Listed By:
Ronda Peroutka · License #0680846
(432) 202-0182
Source:
Xome
Added: Jul 19
Changed: Jul 27
Last Checked: Jul 30 at 2:46AM
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 Black Orchid Real Estate, LLC
Investment Insights
Based on property information with market context.
This retail space is being offered for sale as a commercial property at 6115 Andrews Hwy in Odessa, Texas.
The listing is classified as retail space within the broader commercial real estate category, with the property presented for purchase. Specific interior layout details, frontage, and condition information were not provided in the materials available for this listing, so interested parties should confirm all functional and operational specifics during due diligence.
For brokers and tenants evaluating a retail use, this offering provides a straightforward opportunity to acquire a retail asset in Odessa with the address location available for site review.
The listing is classified as retail space within the broader commercial real estate category, with the property presented for purchase. Specific interior layout details, frontage, and condition information were not provided in the materials available for this listing, so interested parties should confirm all functional and operational specifics during due diligence.
For brokers and tenants evaluating a retail use, this offering provides a straightforward opportunity to acquire a retail asset in Odessa with the address location available for site review.
Key Highlights
- Retail property for sale at 6115 Andrews Hwy in Odessa, Texas
- Built in 1957
- City road location
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $17.40 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $32.2k | $15.92 |
| − OpEx | −$9.7k | −$4.78 |
| NOI | $22.5k | $11.14 |
2,021 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$321.8K
$281.5K – $375.4K
NOI $22,523 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.94M
$2.57M – $3.43M
NOI $205,666 @ 7.0% cap · market cap 76.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
349
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property offered for sale at 6115 Andrews Hwy in Odessa, Texas.
Where is this retail space located?
The property is located at 6115 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Retail property for sale at 6115 Andrews Hwy in Odessa, Texas; Built in 1957; City road location
