Storefront Retail
For Sale
$380,000
801 W 2nd St, Odessa, TX 79763
The building previously housed a floral and decor shop, with an existing storefront layout.
Property Size3,024 SF
Price / SF$125.66
Days on Market18
Property Features for 801 W 2nd St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,100
Building Details
Building Size
3,024 SF
Year Built
1951
Listing Agency:
Beyond Realty, LLC
(432) 272-0297
Listed By:
Pamela Mendoza/ Amanda Galindo
(432) 661-5505
Source:
Gloriarealestate
Added: Oct 8
Changed: Oct 24
Last Checked: Oct 24 at 2:39PM
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 Beyond Realty, LLC
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.
At 801 W 2nd St in Odessa, this 3,024-square-foot retail building includes an established storefront. The property was built in 1951 and previously operated as a floral and decor shop. Its existing interior layout and storefront are the documented physical features.
Key Highlights
- 3,024‑square‑foot retail building
- Existing storefront
- Previously used as a floral and decor shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,702
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,040
$674.0K
Cap Rate 7%
$481,457
$481.5K
Cap Rate 9%
$374,467
$374.5K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$52.6K $17.40/SF
− Vacancy
−$4.5K −$1.48/SF
EGI
$48.1K $15.92/SF
− OpEx
−$14.4K −$4.78/SF
NOI
$33.7K $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%
$674,040
Cap Rate 7%
$481,457
Cap Rate 9%
$374,467
Alternative Uses
Best Use
Retail
$481.5K
$421.3K – $561.7K
NOI $33,702 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.40M
$3.85M – $5.13M
NOI $307,735 @ 7.0% cap · market cap 80.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
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
- 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 - The building previously housed a floral and decor shop, with an existing storefront layout.
Where is this storefront property located?
The property is located at 801 W 2nd St Odessa, TX.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 3,024‑square‑foot retail building; Existing storefront; Previously used as a floral and decor shop
