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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Strip malls
1315 8th St Odessa, TX 79761-4703
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2955700
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Total area
49,860 SF
Lot
3.44 ac (150,064 SF)
Zoning code
EE2
APN
07000.07568.00000
UPID
US82-2955700
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
-
Watermill Express Big Box & Wholesale Store
-
Primo Water Refill Big Box & Wholesale Store
-
El Rancho Supermercado Specialty Food Shop Supermarket
-
MoneyGram Bank Credit Union
-
Prudential Life Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.32M
Owner & transaction history
8th LP East · 14 yrs held
8th LP East
since 2011
5 recorded transactions
Zoning & alternative use
EE2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$26 / 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
$45,202
Tax year 2023
Assessed value
$2,144,109
Assessed 2023
Previous assessed
$2,144,109
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$511,718
Assessed improvement
$1,632,391
Land market value
$511,718
Improvement market value
$1,632,391
Total market value
$2,144,109
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
49,860 SF
Lot
3.44 ac (150,064 SF)
Zoning code
EE2
APN
07000.07568.00000
UPID
US82-2955700
Jurisdiction
ECTOR
Zoning & alternative use
EE2 · Odessa, TXZoning EE2 · permitted uses
EE2 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Lot
3.44 ac
Current owner
From public records · entity-resolved
8th LP East
Entity
Mailing address
3113 S UNIVERSITY DR STE #600, FORT WORTH, TX 76109-5622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2011
—
8th LP East
—
Loan Modification
related
$1,750,000 · First United Bank
—
—
8th LP East
—
Deed Of Trust
related
$8,625,000 · Bank Of America
—
—
Odessa Market LLC
—
Deed Of Trust
related
$1,500,000 · Associated Wholesale Grocers
—
—
8th LP East
—
Deed Of Trust
related
$42,827 · Tax Ease Funding LP
—
—
8th LP East
—
Deed Of Trust
related
$3,754,750 · American State Bank
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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