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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Grocery and convenience stores
1300 8th St Odessa, TX 79761-4714
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-4302078
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Total area
3,225 SF
Lot
0.81 ac (35,109 SF)
Zoning code
EE2
APN
12050.00030.00000
UPID
US82-4302078
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
Current use
Occupant on record · Public records
-
Western Union Bank Credit Union
-
Sunoco Gas Station
-
Stripes Grocery & Convenience Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$500k
Owner & transaction history
7-eleven INC · 2 yrs held
7-eleven INC
since 2024
4 recorded transactions
Zoning & alternative use
EE2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$545,000
+241.8%
Auto repair, garage
$400,000
+150.9%
Commercial (general)
$355,000
+124.2%
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
$315,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$545,000
Change: +242% · Conversion: Moderate
AUTO REPAIR, GARAGE
$400,000
Change: +151% · Conversion: Difficult
COMMERCIAL (GENERAL)
$355,000
Change: +124% · Conversion: Easy
RETAIL STORES
$325,000
Change: +106% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$155 / 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
$9,133
Tax year 2023
Assessed value
$433,211
Assessed 2023
Previous assessed
$433,211
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$104,628
Assessed improvement
$328,583
Land market value
$104,628
Improvement market value
$328,583
Total market value
$433,211
Applied tax rate
7.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
3,225 SF
Lot
0.81 ac (35,109 SF)
Zoning code
EE2
APN
12050.00030.00000
UPID
US82-4302078
Jurisdiction
ECTOR
Zoning & alternative use
EE2 · Odessa, TX
Zoning EE2 · permitted uses
EE2 · 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
OFFICE BUILDING
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$355,000
RETAIL STORES
Est. value
$325,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
7-eleven INC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
7-eleven INC
Town & Country Food Stores INC
Special Warranty Deed
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—
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Town & Country Food Stores INC
—
Deed Of Trust
related
—
—
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Town & Country Food Stores INC
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Deed Of Trust
related
—
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Town & Country Food Stores INC
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Deed Of Trust
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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