Odessa Retail Investment
For Sale
Contact for pricing
Pending
2604 E 8th St, Odessa, TX 79761
Standalone retail building leased to Enterprise Rent-A-Car on 1.04-acre lot.
Property Size1,875 SF
Lot Size1.04 Acres
Days on Market749
Property Features for 2604 E 8th St
General Information
Standard status
Pending
Size
1,875 SF
Lot size
1.04 Acres
Property subtype
Retail
Building Details
Year Built
2001
Stories
1
Listing Agency:
Moriah Real Estate Company, LLC
Listed By:
Wes Gotcher · License #TX
(432) 853-9783
Source:
Crexi
Added: Oct 11, 2024
Changed: Oct 25
Last Checked: Oct 28 at 6:09AM
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 Moriah Real Estate Company, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,875-square-foot standalone retail building is located in Odessa, TX, and presents an investment opportunity. The property is situated on a 1.04-acre lot and is currently leased to Enterprise Rent-A-Car. The location is along 8th Street, near its intersection with Highway 80, and is surrounded by similar-sized commercial developments. The property features 270 feet of frontage on 8th Street, providing visibility.
Key Highlights
- Leased to Enterprise Rent‑A‑Car providing immediate income
- Prime location on 8th Street near Highway 80 intersection
- Large 1.04‑acre lot offers long‑term value
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,896
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,920
$417.9K
Cap Rate 7%
$298,514
$298.5K
Cap Rate 9%
$232,178
$232.2K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$32.6K $17.40/SF
− Vacancy
−$2.8K −$1.48/SF
EGI
$29.9K $15.92/SF
− OpEx
−$9.0K −$4.78/SF
NOI
$20.9K $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%
$417,920
Cap Rate 7%
$298,514
Cap Rate 9%
$232,178
Alternative Uses
Best Use
Retail
$298.5K
$261.2K – $348.3K
NOI $20,896 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.73M
$2.39M – $3.18M
NOI $190,808 @ 7.0% cap · market cap 40.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Standalone retail building leased to Enterprise Rent-A-Car on 1.04-acre lot.
Where is this retail space located?
The property is located at 2604 E 8th St Odessa, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Leased to Enterprise Rent‑A‑Car providing immediate income; Prime location on 8th Street near Highway 80 intersection; Large 1.04‑acre lot offers long‑term value
