Automotive
For Sale
Contact for pricing
6202 Andrews Hwy, Odessa, TX 79762
Built in 1991, the property offers a substantial footprint for automotive use.
Property Size24,000 SF
Price / SF$0.31
Days on Market319
Property Features for 6202 Andrews Hwy
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
24,000 SF
Year Built
1991
Buildings
1
Listing Agency:
Black Orchid Real Estate, LLC
(432) 813-3538
Listed By:
Ronda Peroutka · License #0680846
(432) 202-0182
Source:
Gloriarealestate
Added: Dec 10, 2025
Changed: Oct 24
Last Checked: Oct 24 at 3:13PM
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
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Investment Insights
Based on property information with market context.
The automotive property contains 24,000 square feet and was constructed in 1991. It is located at 6202 Andrews Hwy in Odessa, Texas.
Key Highlights
- 24,000‑square‑foot automotive property
- Built in 1991
- 6202 Andrews Hwy, Odessa, TX 79762
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$267,473
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,349,460
$5.3M
Cap Rate 7%
$3,821,043
$3.8M
Cap Rate 9%
$2,971,922
$3.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$417.6K $17.40/SF
− Vacancy
−$35.5K −$1.48/SF
EGI
$382.1K $15.92/SF
− OpEx
−$114.6K −$4.78/SF
NOI
$267.5K $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%
$5,349,460
Cap Rate 7%
$3,821,043
Cap Rate 9%
$2,971,922
Alternative Uses
Best Use
Industrial
$20.35M
$17.80M – $23.74M
NOI $1,424,304 @ 7.0% cap · market cap 18,990.72%
Second Best
Retail
$3.82M
$3.34M – $4.46M
NOI $267,473 @ 7.0% cap · market cap 3,566.31%
Theoretical Best
Flex RnD
$34.89M
$30.53M – $40.71M
NOI $2,442,342 @ 7.0% cap · market cap 32,564.56%
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
215
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lanny's Body Shop — 5300 Dorothy Ave, Odessa, TX 79764
- Meile’s automotive — 313 W 54th St, Odessa, TX 79764
- Cruz'in Body Shop — 138 E 52nd St, Odessa, TX 79762
- Kemp's Automotive — 302 E 52nd St, Odessa, TX 79762
- Rene'z Garage — 302 E 52nd St, Odessa, TX 79762
Frequently Asked Questions
What type of property is this?
Auto shop - Built in 1991, the property offers a substantial footprint for automotive use.
Where is this auto shop located?
The property is located at 6202 Andrews Hwy Odessa, TX.
What are key features of this property?
This property features: 24,000‑square‑foot automotive property; Built in 1991; 6202 Andrews Hwy, Odessa, TX 79762
