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    1329 San Andres Dr Odessa, TX 79763-2360
    Property profile & analytics

    1329 San Andres Dr, Odessa, TX 79763-2360

    View on Map
    • Car washes
    • 2,180 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US82-4792262
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carwash behind Pizza / Corporate Office

    Property Details for 1329 San Andres Dr

    Year built
    1990
    Lot size
    0.61 lot acres
    Zone code
    EB3
    Property type
    Car washes
    APN
    34940.00057.00000
    APU
    349400005700000

    Description

    Six commercial land lots totaling 2.479 acres are available for sale in Odessa, Texas. Located at 1329 San Andres Dr, and throughout Odessa proper, these lots present a unique redevelopment opportunity. Individual lot sizes range from 0.2732 to 0.6477 acres. The property previously housed car washes and is ready for your vision. Four of the six lots are zoned for retail use, while the remaining two are zoned for industrial and general residential purposes. All lots benefit from convenient access to city water and sewer services. This is an exceptional chance to acquire valuable commercial land in a thriving Texas city. The asking price for all six lots is $895,000. The property is located in Ector County, Texas, zip code 79763.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.397
    Latitude
    31.8624
    CBSA code
    36220
    CBSA name
    ODESSA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,715
    $91,129
    $227,405
    $318,534
    -
    $91,129
    $227,405
    $318,534

    Comparable in this City

    • Value Estimation
      $635,000
      9,744 SF

      Ih 20

      CAR WASH
      Ih 20, Odessa, TX 79763
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    • Value Estimation by Request
      779 SF

      5810 16th St

      CAR WASH
      5810 16th St, Odessa, TX 79763
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    • Value Estimation by Request
      1,372 SF

      1415 2nd St

      SERVICE STATION (FULL SERVICE)
      1415 2nd St, Odessa, TX 79763-4318
      View Details
    • Value Estimation by Request
      1,364 SF

      800 Clements St

      SERVICE STATION (FULL SERVICE)
      800 Clements St, Odessa, TX 79763-4601
      View Details
    • Value Estimation by Request
      1,535 SF

      2401 County W Rd

      GAS STATION
      2401 County W Rd, Odessa, TX 79763-2443
      View Details
    • Value Estimation by Request
      4,050 SF

      509 Elliott Ave

      AUTO REPAIR, GARAGE
      509 Elliott Ave, Odessa, TX 79763-4144
      View Details

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    • Contact for pricing
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      Odessa Land IH-20 Frontage

      Prime intersection land for truck stop, hotel, or industry.
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      5,050 SF

      Industrial Property with Truck Scale

      5,050 SF industrial property on 7.67 acres for sale.
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      Odessa Commercial Property For Sale

      High-end commercial property with office space and drive-thru bays.
      16751 W Basin St, Odessa, TX 79763
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    • $1,674,004
      9,950 SF

      Odessa Commercial Property For Sale

      High-end commercial property with office space and drive-thru bays.
      16751 W Basin St, Odessa, TX 79763
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Strip Near Walmart

      Retail space available in high-traffic Odessa location.
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      Drive-Through Retail Space Available

      Turnkey retail suite with drive-through in high-traffic location.
      2260 Linda Ave, Odessa, TX 79763
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      5,055 SF

      Retail Space Near HEB Grocery

      Retail space available near HEB Grocery at Odessa Loop.
      3001 W University Blvd, Odessa, TX 79763
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    • $5,000 /Mo
      4,980 SF

      Remodeled Commercial Space in Odessa

      High-visibility corner commercial space for lease near Loop 338.
      3749 W 8Th St, Odessa, TX 79763
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      3,250 SF

      2450 I-20

      Distribution centers
      2450 I-20, Odessa, TX 79763
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    • 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
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    Odessa, TX 79763-2360
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    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
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    1329 San Andres Dr, Odessa, TX, 79763
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