Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3902 8Th St Odessa, TX 79763
    Property profile & analytics

    3902 8Th St, Odessa, TX 79763

    View on Map
    • Mobile home & RV parks
    • 0.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Four RV Park / Campground & RV Park

    Property Details for 3902 8Th St

    Year built
    2022
    Lot size
    0.70 lot acres
    Property type
    Mobile home & RV parks

    Description

    This exceptional 17-space RV park in Odessa, Texas presents a compelling investment opportunity. Built in 2022, the property boasts a 95% occupancy rate, generating a pro-forma NOI of $48,000 and a 14.77% pro-forma cap rate. Situated on a 0.7-acre lot at 3902 W 8th St, Odessa, TX 79763, this Class B property offers convenient access to Interstate 20 and Loop 338, placing it within minutes of major shopping centers, including a nearby Walmart. Each of the 17 spaces includes 30 and 50 amp service, water, sewer connections, and cable/internet infrastructure. The park utilizes city water and is located in Ector County. A 40x24 shop building offers significant potential for expansion, such as a laundromat, to further enhance revenue streams. The property is 100% owned and currently operating at near full capacity, demonstrating strong market demand. This turnkey operation presents a rare chance to acquire a high-performing asset with significant upside potential. The asking price is $325,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.414
    Latitude
    31.8353

    Comparable in this City

    • Value Estimation by Request
      115,869 SF

      8449 26Th St

      Multifamily properties
      8449 26Th St, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      1.53 Acres

      9605 Hutson Rd

      Multifamily properties
      9605 Hutson Rd, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      8.93 Acres

      Westcliff Rd

      Land
      0 Westcliff Rd, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      4,000 SF

      850 I-20

      Individual retail properties
      850 I-20, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      5.00 Acres

      850 I-20 Penwell

      Self storage facilities
      850 I-20 Penwell, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      5,000 SF

      14010 Silver Fox Trl

      Distribution properties
      14010 Silver Fox Trl, Odessa, TX 79763
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,040 SF

      West Odessa RV Park Opportunity

      RV park with expansion potential in West Odessa, Texas.
      6467 W 26Th St WEST, Odessa, TX 79763
      View Details
    • Contact for pricing

      One-Acre Lot with Trailer Homes

      One-acre lot featuring nine modern trailer homes for sale.
      9605 W Hutson Rd, Odessa, TX 79763
      View Details
    • $550,000
      6,375 SF

      West Odessa Income Property

      17-bedroom income property on 2.5 acres in West Odessa.
      12715 W 3Rd St, Odessa, TX 79763
      View Details
    • $134,500
      1,012 SF

      Odessa Duplex with Income Potential

      Duplex in Odessa, TX with income-generating potential.
      608 Eidson Ave, Odessa, TX 79763
      View Details
    • New
      $1,079,000
      7,600 SF

      Odessa Commercial Property with Housing

      Highway frontage property with workshop, offices, and residential duplexes.
      12200 W I-20, Odessa, TX 79763
      View Details
    • Contact for pricing
      11,860 SF

      Large Multifamily Investment Opportunity

      Over 11,000 sqft multifamily property for sale.
      517 N Lauderdale Ave, Odessa, TX 79763
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      RV Park with Interstate Access

      50-space RV park with I-20 access in West Texas.
      16501 W I H 20, Odessa, TX 79763
      View Details
    • Contact for pricing
      3,250 SF

      2450 I-20

      Distribution centers
      2450 I-20, Odessa, TX 79763
      View Details
    • Contact for pricing

      Retail Strip Near Walmart

      Retail space available in high-traffic Odessa location.
      1801 Linda Ave, Odessa, TX 79763
      View Details
    • Contact for pricing

      2.5 Acres Caliche Yard

      2.5 acres of land with stabilized caliche yard.
      1114 Walther Rd, Odessa, TX 79763
      View Details
    • Contact for pricing

      New Construction Commercial Property

      New construction commercial property with shop and office space for lease.
      14010 W Silver Fox Trl, Odessa, TX 79763
      View Details
    • $8,000 /Mo
      6,200 SF

      Commercial Office and Shop Space

      6,200 SF office and shop on 1.5-acre corner lot.
      4424 W 8Th St, Odessa, TX 79763
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3902 8Th St
    Odessa, TX 79763
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3902 8Th St, Odessa, TX, 79763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!