Five-Bay Auto
For Sale
$599,900
8444 W University Blvd, Odessa, TX 79764
COMMERCIAL - Odessa, TX
Property Size2,700 SF
Lot Size0.80 Acres
Price / SF$222.19
Days on Market585
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
Septic
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: Aug 17
Last Checked: Aug 24 at 12:06PM
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 2,700-square-foot automotive service building was constructed in 2011 and includes five service bays, an office, and a bathroom. Inventory and personal property associated with the operation remain with the sale. The property occupies an oversized double parcel totaling 0.8035 acres and includes an on-site septic system.
Located at 8444 W University Blvd in Odessa, the property has reported traffic exceeding 18,000 cars per day. Water service would require either drilling a well or connecting to the city tap, based on the owner’s stated site requirements. Mineral rights were previously reserved.
Located at 8444 W University Blvd in Odessa, the property has reported traffic exceeding 18,000 cars per day. Water service would require either drilling a well or connecting to the city tap, based on the owner’s stated site requirements. Mineral rights were previously reserved.
Key Highlights
- 2,700‑square‑foot commercial building constructed in 2011
- Five service bays, office, and bathroom
- 0.8035‑acre oversized 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
5.02%
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 26.71%
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.
Property Analytics
Property Profile
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
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 - Existing office, restroom, and on-site inventory accompany the automotive service facility.
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: 2,700‑square‑foot commercial building constructed in 2011; Five service bays, office, and bathroom; 0.8035‑acre oversized double parcel
