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    2500 Grandview Ave Odessa, TX 79766

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    For Lease
    Contact for pricing

    Prime Odessa retail space, 13 buildings, rail access.

    Lot size:
    100,309 SF

    Property Features for 2500 Grandview Ave

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,309 SF
    Total Rate
    39287.69

    Building Details

    Year Built
    1970
    Buildings
    13

    Spaces For Lease

    at 2500 Grandview Ave, Odessa, TX 79766 Contact us
    Unit Build 1 Sec 1

    $4 /Mo

    Size
    7,812 SF
    Contact us
    Unit B1 Sec 2

    $4 /Mo

    Size
    9,600 SF
    Contact us
    Unit B1 Sec 3

    $4 /Mo

    Size
    8,200 SF
    Contact us
    Unit B1 S4

    $4 /Mo

    Size
    10,176 SF
    Contact us
    Unit B1 S5

    $4 /Mo

    Size
    2,895 SF
    Contact us
    Unit B1 S6

    $4 /Mo

    Size
    9,150 SF
    Contact us
    Unit B1 S7

    $4 /Mo

    Size
    16,492 SF
    Contact us
    Unit B1 S8

    $4 /Mo

    Size
    5,925 SF
    Contact us
    Unit B1 S9

    $4 /Mo

    Size
    4,223 SF
    Contact us
    Unit B1 S10

    $4 /Mo

    Size
    3,483 SF
    Contact us
    Unit B1 S11

    $4 /Mo

    Size
    1,121 SF
    Contact us
    Unit B1 S12

    $4 /Mo

    Size
    11,710 SF
    Contact us
    Unit B1 S13

    $4 /Mo

    Size
    9,522 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Cassandra Pearce
    Cassandra Pearce

    Listing Agency: RE/MAX New Height Real Estate, LLC Listing Agent: Cassandra Pearce

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 20.77-acre commercial property in Odessa, Texas, presents a unique investment opportunity. Located at 2500 S Grandview Ave, this expansive site boasts 13 individual buildings totaling 100,309 square feet, all currently vacant. Building sizes range from 1,121 to 16,492 square feet, offering flexibility for various retail uses. The property features two rail spurs, one active with a switch, providing significant logistical advantages. Infrastructure includes three-phase and single-phase power, and HVAC systems are present in most buildings. One building, a former bank constructed of brick, offers redevelopment potential. Other structures include a large shop and various other buildings. The property is chain-link fenced and situated on a corner lot, providing excellent road frontage. Note that one building contains asbestos and will require remediation or encapsulation according to regulations. The property is also available for lease at $40,000 per month, NNN. Built in 1970, this property is identified by APN 42430.00190.04000 in Ector County. The property's combination numbers are Middle Gate 0827 and Buildings 0828. No known restrictions exist.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.331335
    Latitude
    31.824978

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    FAQs

    What type of property is this?
    Retail property - Prime Odessa retail space, 13 buildings, rail access.
    Where is this retail property located?
    The property is located at 2500 Grandview Ave Odessa, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 20.77-acre commercial property in Odessa, Texas, at 2500 S Grandview Ave.; 13 vacant buildings totaling 100,309 square feet, ranging from 1,121 to 16,492 square feet.; Two rail spurs (one active with a switch).
    (432) 703-2545 Call to check price and availability
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    2500 Grandview Ave Odessa, TX 79766
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    Odessa, TX 79766
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2500 Grandview Ave Odessa, TX 79766
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    Contact for Pricing
    Please call us for current price
    and status of this listing Cassandra Pearce
    Cassandra Pearce
    Real Estate License ID: TREC 0588281
    (432) 703-2545 (210) 824-1476
    Learn more
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