Retail Space for
For Sale
$270,000
6115 Andrews Hwy, Odessa, TX 79764
Retail property offered for sale at 6115 Andrews Hwy in Odessa, Texas.
Property Size2,021 SF
Price / SF$133.60
Days on Market76
Property Features for 6115 Andrews Hwy
General Information
Standard status
Active
Size
2,021 SF
Building Details
Year Built
1957
Listing Agency:
Black Orchid Real Estate, LLC
Listed By:
Ronda Peroutka · License #0680846
(432) 202-0182
Source:
Billlanier
Added: Jul 25
Changed: Oct 5
Last Checked: Oct 7 at 4:57PM
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
Estimated NOI and Cap Rate
NOI / Yr
$22,523
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,460
$450.5K
Cap Rate 7%
$321,757
$321.8K
Cap Rate 9%
$250,256
$250.3K
Market Conditions
NOI Build-Up for 2,021 SF
Gross rent
$35.2K $17.40/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$32.2K $15.92/SF
− OpEx
−$9.7K −$4.78/SF
NOI
$22.5K $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%
$450,460
Cap Rate 7%
$321,757
Cap Rate 9%
$250,256
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
