Turnkey Oil Change
For Sale
$609,900
8444 W University Blvd, Odessa, TX 79764
Five-bay auto shop on a high-traffic double parcel.
Property Size2,700 SF
Lot Size0.80 Acres
Price / SF$225.89
Days on Market587
Property Features for 8444 W University Blvd
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.80 Acres
Property subtype
Industrial
Amenities
3
City Road, Paved Road.
Building Details
Year Built
2011
Listing Agency:
Pine & Beckett
(432) 686-7000
Listed By:
Chris Beckett Broker Owner CRS GRI A · License #0439538
(432) 686-7000
Source:
Xome
Added: Jan 2, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
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 Pine & Beckett
Investment Insights
Based on property information with market context.
This is a turnkey oil change operation with five bays, an office, and a bathroom. Constructed in 2011, the commercial building offers 2700 square feet of space on an oversized 0.8035-acre double parcel. The location benefits from high traffic, with over 18,000 cars passing by daily. All inventory and personal items will remain and transfer with the sale. The property has a septic system on site, and the owner indicates that a water well would need to be drilled or a connection to the city tap established. Mineral rights were previously reserved.
Key Highlights
- Turnkey oil change operation with 5 bays.
- High‑traffic location with over 18,000 cars per day.
- Oversized .8035 double parcel.
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
$30,091
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
4.93%
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%
$601,820
$601.8K
Cap Rate 7%
$429,871
$429.9K
Cap Rate 9%
$334,344
$334.3K
Market Conditions
NOI Build-Up for 2,700 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
$47.0K $17.40/SF
− Vacancy
−$4.0K −$1.48/SF
EGI
$43.0K $15.92/SF
− OpEx
−$12.9K −$4.78/SF
NOI
$30.1K $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%
$601,820
Cap Rate 7%
$429,871
Cap Rate 9%
$334,344
Alternative Uses
Best Use
Industrial
$2.29M
$2.00M – $2.67M
NOI $160,234 @ 7.0% cap · market cap 26.27%
Second Best
Retail
$429.9K
$376.1K – $501.5K
NOI $30,091 @ 7.0% cap · market cap 4.93%
Theoretical Best
Flex RnD
$3.93M
$3.43M – $4.58M
NOI $274,764 @ 7.0% cap · market cap 45.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
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
- Israel Service — 8899 W University Blvd, Odessa, TX 79764
- West Texas Customs & The Tire Shop — 8468 W University Blvd, Odessa, TX 79764
- Mikes Mobile Auto & Ac Repair — 8500 W 26th St, Odessa, TX 79763
- Pardue's Oil Change & Services Center — 8444 W University Blvd, Odessa, TX 79764
- IRON MAN TRUCK SERVICES, LLC — 8429 W University Blvd, Odessa, TX 79764
Frequently Asked Questions
What type of property is this?
Auto shop - Five-bay auto shop on a high-traffic double parcel.
Where is this auto shop located?
The property is located at 8444 W University Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Turnkey oil change operation with **5 bays**.; High‑traffic location with **over 18,000 cars per day**.; Oversized .8035 double parcel.
