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Property profile & analytics
FOR LEASE
Banks

1330 E 8Th St Odessa, TX 79761

390 SF 0.69 ac lot Built 1977
Entity Owned 1-yr Hold Free & Clear
Property ID
US82-2768709
Property summary
AI-generated overview

This exceptional 10,331-square-foot retail and hospitality property, situated in Odessa, Texas, presents a unique investment opportunity. Located at 1330 E 8th St, this bank branch occupies the first floor of a four-story, 67,000-square-foot office building. The property boasts a generous 2.03-acre lot, providing ample parking for customers and staff. Its strategic location near downtown Odessa and within four blocks of two hospitals ensures high visibility and accessibility. A newly constructed Walgreens across the street further enhances the property's desirability. The building's common areas have undergone a complete renovation, featuring modern amenities such as a 1950s-style diner break room, a conference/board room, and a workout facility. The upgrades extend to the hallways and restrooms. Significant investments in infrastructure are evident in the chiller systems, replaced in 2004 and 2005, and the state-of-the-art internet-based HVAC control system installed in 2005. The property includes six drive-thru lanes, catering to the needs of a high-volume banking operation. This well-maintained and strategically located property offers a compelling combination of size, amenities, and location, making it an ideal investment for discerning buyers. The zip code is 79761, and the property is in Ector County.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1977
Total area 390 SF
Lot 0.69 ac (30,065 SF)
Zoning code EE2
APN 27750.00201.01000
UPID US82-2768709
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
  • BBVA Bank Bank Loan Service
  • Innovati Pain Solution Medical Clinic
  • Pamela A. McQuillin, M.D. Physician
  • Casdorph Nathan A Physician
  • Safety 365 Training Center Operator Qualifications Occupational Safety And Health
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M
Owner & transaction history
West Texas State Bank · 1 yrs held
West Texas State Bank
since 2024
Last sale
$1.5M
2 recorded transactions
2024
$1.5M
1969
Price N/A
Zoning & alternative use
EE2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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