Five-Bay Auto
For Sale
$599,900
8444 W University Blvd, Odessa, TX 79764
Commercial Sale, Odessa, TX
Property Size2,700 SF
Lot Size0.80 Acres
Price / SF$222.19
Days on Market635
Property Features for 8444 W University Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Town and Country
Standard status
Active
Size
2,700 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
Minerals only. * Legal: Parcel 32200.00550.00000, TOWN & COUNTRY DEV, BLK 13, LT 5. Parcel 32200.00560.00000, TOWN & COUNTRY DEV BLK 13 LT 6 LESS W 25
Tax Annual Amount
3107
Legal Description
Minerals only. * Legal: Parcel 32200.00550.00000, TOWN & COUNTRY DEV, BLK 13, LT 5. Parcel 32200.00560.00000, TOWN & COUNTRY DEV BLK 13 LT 6 LESS W 25
Amenities
Office
Bath
Building Details
Year built
2011
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 686-7000
Listed By:
Chris Beckett Broker Owner CRS GRI ASR e-Pro
(432) 349-7000
Added: Jan 16, 2025
Changed: Oct 5
Last Checked: Oct 13 at 8:06PM
MLS# 50079410
Copyright © 2026 Permian Basin 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 auto shop includes five service bays, an office, and a restroom within a 2,700-square-foot commercial building constructed in 2011. Inventory and personal property are included with the sale. The site encompasses a 0.8035-acre double parcel and has an on-site septic system.
Located at 8444 W University Blvd in Odessa, the property fronts a corridor reported to carry more than 18,000 cars per day. Water service would require either a well or connection to the city system, according to the property information. Mineral rights were previously reserved.
Located at 8444 W University Blvd in Odessa, the property fronts a corridor reported to carry more than 18,000 cars per day. Water service would require either a well or connection to the city system, according to the property information. Mineral rights were previously reserved.
Key Highlights
- Five‑bay automotive service building with office and restroom
- 2,700‑square‑foot commercial building constructed in 2011
- 0.8035‑acre double parcel at 8444 W University Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,091
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
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
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 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 26.71%
Second Best
Retail
$429.9K
$376.1K – $501.5K
NOI $30,091 @ 7.0% cap · market cap 5.02%
Theoretical Best
Flex RnD
$3.93M
$3.43M – $4.58M
NOI $274,764 @ 7.0% cap · market cap 45.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Service bays
18,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
139
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
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
- Israel Service — 8899 W University Blvd, Odessa, TX 79764
- Mikes Mobile Auto & Ac Repair — 8500 W 26th St, Odessa, TX 79763
- West Texas Customs & The Tire Shop — 8468 W University Blvd, Odessa, TX 79764
- 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 - Turnkey automotive service property with office and restroom improvements on a 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 $599,900.
What are key features of this property?
This property features: Five‑bay automotive service building with office and restroom; 2,700‑square‑foot commercial building constructed in 2011; 0.8035‑acre double parcel at 8444 W University Blvd
