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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Drive through restaurants
1347 University Blvd Odessa, TX 79764-7121
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-0273069
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2019
Total area
4,852 SF
Lot
0.61 ac (26,528 SF)
Zoning code
EB3
APN
34940.00019.01000
UPID
US82-0273069
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
-
McDonald's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$928k
Blend (final)
Blend
$690k
Owner & transaction history
Mcdonalds Real Estate Company · 3 yrs held
Mcdonalds Real Estate Company
since 2023
7 recorded transactions
Zoning & alternative use
EB3 · 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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$705,000
Current use
COMMERCIAL (GENERAL)
$700,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$600,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$580,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$142 / 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
$20,254
Tax year 2023
Assessed value
$960,742
Assessed 2023
Previous assessed
$960,742
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$90,460
Assessed improvement
$870,282
Land market value
$90,460
Improvement market value
$870,282
Total market value
$960,742
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
4,852 SF
Lot
0.61 ac (26,528 SF)
Zoning code
EB3
APN
34940.00019.01000
UPID
US82-0273069
Jurisdiction
ECTOR
Zoning & alternative use
EB3 · Odessa, TXZoning EB3 · permitted uses
EB3 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES
Est. value
$580,000
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2019
Heating
NONE
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Mcdonalds Real Estate Company
Entity
Free & Clear · 3 yrs held
Mailing address
110 N CARPENTER ST, CHICAGO, IL 60607-4106
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
Mcdonalds Real Estate Company
Rekha D Garapati
Warranty Deed
—
Oct 27, 2022
—
Rekha D Garapati
Abhiram C Garapati
Intrafamily Transfer
related
—
Nov 8, 2007
—
Abhiram C Garapati
Ica Properties INC
Grant Deed
related
$402,000 · American State Bank
—
—
Abhiram C Garapati
—
Loan Modification
related
$353,372 · Prosperity Bank
—
—
Abhiram C Garapati
—
Deed Of Trust
related
$630,000 · Austin Cap Bk Ssb
—
—
Abhiram C Garapati
—
Loan Modification
related
$381,928 · American State Bank
—
—
Abhiram C Garapati
—
Loan Modification
related
$388,049 · 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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