1364 E 8Th St Odessa, TX 79761
Property profile & analytics
1364 E 8Th St Odessa, TX 79761
- Grocery and convenience stores
- 1,880 SF
- 0.41 lot acres
Property ID
US83-3225413
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.
Location Intelligence
Current Use by Public Records
- 7 Brew Coffee / Cafe & Coffee Shop
- ALON / Gas Station
Property Details for 1364 E 8Th St
- Year built
- 2000
- Lot size
- 0.41 lot acres
- Property size
- 1,880 SF
- Zone code
- EE2
- Property type
- Grocery and convenience stores
- APN
- 27750.00190.00000
- APU
- 277500019000000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 510 square foot 7 Brew coffee shop located at 1364 E 8th St, Odessa, TX 79761. The property, built in 2024, sits on a 0.41-acre lot and benefits from a 15-year ground lease with a prominent tenant, commencing June 23, 2024, and expiring June 29, 2039. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The current Net Operating Income (NOI) is $90,000, resulting in a 6.00% cap rate. The property boasts excellent visibility along E 8th Street, with over 27,000 vehicles passing daily. Its strategic location is an outparcel to United Supermarkets and across from El Rancho Supermercado, further enhancing its accessibility and customer base. The property is also conveniently situated three miles from the University of Texas of the Permian Basin, serving a student population of 7,500. The strong demographics of the area, with over 108,578 residents within a five-mile radius, contribute to the property's consistent performance. The asking price is $1,500,000, translating to a price per square foot of $2,941.18. This is a rare opportunity to acquire a high-performing, established QSR property with a strong tenant and significant long-term growth potential in a thriving market. The lease includes five, five-year renewal options, each with a 10% rent increase. The property is currently 100% occupied.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.355
- Latitude
- 31.8586
- 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
$5,627
$52,746
$214,163
$266,909
-
$52,746
$214,163
$266,909
