Corner Storefront Retail
For Sale
$1,000,000
820 N Grant, Odessa, TX 79761
Flexible layout currently accommodates a retail clothing boutique and supports several office or service-oriented configurations.
Property Size7,000 SF
Price / SF$142.86
Days on Market17
Property Features for 820 N Grant
General Information
Standard status
Active
Size
7,000 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1956
Listing Agency:
Beyond Realty, LLC
(432) 653-7339
Listed By:
Cynthia Duarte · License #0766418
Source:
Raftercrossrealty
Added: Aug 8
Changed: Aug 23
Last Checked: Aug 24 at 10:17AM
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
Investment Insights
Based on property information with market context.
This storefront property provides 7,000 SF of commercial space in a downtown corner setting. Built in 1956, the building is currently configured for a retail clothing boutique, with a flexible interior layout that can support other documented commercial concepts.
The property is located at 820 N Grant in Odessa, Texas. The stated alternatives include professional offices, law firms, insurance agencies, salons, and other service-based businesses, giving the existing space a range of potential operational formats without changing its storefront character.
The property is located at 820 N Grant in Odessa, Texas. The stated alternatives include professional offices, law firms, insurance agencies, salons, and other service-based businesses, giving the existing space a range of potential operational formats without changing its storefront character.
Key Highlights
- 7,000 SF storefront property
- Downtown corner location at 820 N Grant, Odessa, TX 79761
- Currently operating as a retail clothing boutique
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,013
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,260
$1.6M
Cap Rate 7%
$1,114,471
$1.1M
Cap Rate 9%
$866,811
$866.8K
Market Conditions
NOI Build-Up for 7,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$121.8K $17.40/SF
− Vacancy
−$10.4K −$1.48/SF
EGI
$111.4K $15.92/SF
− OpEx
−$33.4K −$4.78/SF
NOI
$78.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,260
Cap Rate 7%
$1,114,471
Cap Rate 9%
$866,811
Alternative Uses
Best Use
Retail
$1.11M
$975.2K – $1.30M
NOI $78,013 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$10.18M
$8.90M – $11.87M
NOI $712,350 @ 7.0% cap · market cap 71.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
- Mark Knox Flowers — 1209 E 8th St, Odessa, TX 79761
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible layout currently accommodates a retail clothing boutique and supports several office or service-oriented configurations.
Where is this storefront property located?
The property is located at 820 N Grant Odessa, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7,000 SF storefront property; Downtown corner location at 820 N Grant, Odessa, TX 79761; Currently operating as a retail clothing boutique
