Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Event Center with Outdoor Gazebos Title is generated by Realmo AI

    7303 N County Road W, Odessa, TX 79764

    View on Map
    Claim this Listing
    For Lease
    $5,500/Mo $16 SF/Yr (calc)

    COMMERCIAL - Odessa, TX

    Property size:
    4,000 SF
    Lot size:
    2.22 Acres
    Added:
    Dec 30, 2025
    Days on Market:
    133
    Last Refresh:
    May 12 at 6:06 pm

    Property Features for 7303 N County Road W

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fencing
    Fenced, Chain Link
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Central Hot Water
    Standard status
    Active
    APN
    R100024397
    Size
    4,000 SF
    Lot size
    2.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6074

    Utilities

    Sewer type
    Private Sewer
    Water source
    Well

    Building Details

    Year built
    1956
    Building materials
    Stucco, Block, Wood Studs
    Roof type
    Metal

    We can help!

    Listing Contact
    Stuart Groves

    Listing agent Stuart Groves License #0617709

    Listing office eXp Realty LLC 9600 Great Hills Trail, Austin, TX

    Listing date Dec 30, 2025

    MLS# 137768

    Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 4,000 sq ft Event Center space.
    • Includes a stage and concession area.
    • Features multiple restrooms and a kitchen.
    • Offers both indoor and outdoor stage and picnic areas.
    • Has outdoor gazebo areas and a pond.
    • Provides a large, enclosed parking area.

    Overview

    This event center offers approximately 4,000 square feet of space, featuring multiple restrooms, a kitchen, a stage, and a concession area. The interior provides a dance floor or table area. The property includes various outside gazebo areas, a pond, and a large, enclosed parking area. Separate storage facilities are available. The site also features inside and outside stage areas and a picnic area. The property is situated on a 2.22-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Auto Parts Store Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.412757
    Latitude
    31.91092

    Nearby Similar for Lease

    • $7,800/Mo

      Commercial Space in Odessa, Texas

      Versatile commercial space suitable for retail, showroom, or service operations.
      981 E 87th St, Odessa, TX 79764
      View Details
    • $3,250/Mo

      Odessa Commercial Space For Rent

      1,920 SF commercial space in high-traffic Odessa location.
      518 S Grant, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space for rent with prime access and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $230 SF/Yr

      Office Space in Convenient Location

      Office space with prime access, services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $230 SF/Yr

      Office Space in Convenient Location

      Office space with prime access, essential services, spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access, essential services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access, essential services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details

    FAQs

    What type of property is this?
    Wedding venue - 4,000 SF event center with stage, kitchen, and gazebos.
    Where is this wedding venue located?
    The property is located at 7303 N County Road W Odessa, TX.
    What is the lease rate?
    The lease rate is $5,500 /Mo.
    What are key features of this property?
    This property features: Large 4,000 sq ft Event Center space.; Includes a stage and concession area.; Features multiple restrooms and a kitchen.
    (432) 352-1652
    We can help!
    Listing Contact
    Stuart Groves
    Real Estate License ID: 0617709
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7303 N County Road W, Odessa, TX 79764
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!