Storefront
New
For Sale
$380,000
801 W 2nd St, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size3,024 SF
Lot Size0.16 Acres
Price / SF$125.66
Days on Market2
Property Features for 801 W 2nd St
General Information
Property type
Commercial Sale
Property subtype
Retail
Appliances
Individual AC Units, Individual Heating Units
Subdivision
Industrial Addn
Lot features
Corner Lot
Standard status
Active
APN
15100.00010.00000
Size
3,024 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2100
Building Details
Year built
1951
Building materials
Stucco
Roof type
Flat
Listing Agency:
Beyond Realty, LLC
(432) 272-0297
Listed By:
Pamela Mendoza/ Amanda Galindo
(432) 661-5505
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 9 at 2:06AM
MLS# 178077
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.
Investment Insights
Based on property information with market context.
This storefront property contains 3,024 square feet of building space on a 0.161-acre lot. Its exterior is stucco, and the roof is flat. Separate air-conditioning and heating units serve the building. Constructed in 1951, the property is in Odessa, Texas, at 801 W 2nd St.
Key Highlights
- 3,024 square feet of building space
- 0.161‑acre lot
- Separate air‑conditioning and heating units
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
Frequently Asked Questions
What type of property is this?
Storefront property - The building has separate air-conditioning and heating units, with a stucco exterior and flat roof.
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 feet of building space; 0.161‑acre lot; Separate air‑conditioning and heating units
