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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail properties & Spaces
1280 Fm 1787 Odessa, TX 79766-7607
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-1618662
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2017
Total area
6,000 SF
Lot
10 ac (435,600 SF)
Zoning code
ES2
APN
45070.00250.00000
UPID
US82-1618662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$535k
Owner & transaction history
Sheeta Global Technology · 4 yrs held
Sheeta Global Technology
since 2022
6 recorded transactions
Zoning & alternative use
ES2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$870,000
+0.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$865,000
Current use
RESTAURANT
$870,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,189
Tax year 2023
Assessed value
$750,375
Assessed 2023
Previous assessed
$750,375
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$27,700
Assessed improvement
$722,675
Land market value
$27,700
Improvement market value
$722,675
Total market value
$750,375
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
4
Stories
1
Total area
6,000 SF
Lot
10 ac (435,600 SF)
Zoning code
ES2
APN
45070.00250.00000
UPID
US82-1618662
Jurisdiction
ECTOR
Zoning & alternative use
ES2 · Odessa, TX
Zoning ES2 · permitted uses
ES2 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$865,000
RESTAURANT
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$740,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
1
Buildings
4
Lot
10 ac
Current owner
From public records · entity-resolved
Sheeta Global Technology
Individual
Mailing address
738 ARROW GRAND CIR, COVINA, CA 91722-2147
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Sheeta Global Technology
Bryan Rhea
Venders Lien
$656,000 · Southwest Bank
May 16, 2016
—
Bryan Rhea
Fanguy,bobby
Warranty Deed
$119,000 · Commercial St Bk
Nov 10, 2011
—
Bobby Fanguy
Bishop,james D
Warranty Deed
related
—
Jun 29, 2010
—
James D Bishop
Hud-housing Of Urban Dev
Grant Deed
related
—
Apr 5, 2010
—
Hud-housing Of Urban Dev
Wells Fargo Bk NA
Warranty Deed
related
—
Mar 10, 2010
$99,695
Fargo Bk NA Wells
Arsiaga G
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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