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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Showrooms
1500 8th St, Odessa, TX 79761-4805
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US83-3196333
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Total area
9,200 SF
Lot
0.53 ac (22,952 SF)
Zoning code
EE2
APN
27750.00210.00000
UPID
US83-3196333
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
-
Sneak-A-Peek Ultrasound Specialists Medical Clinic
-
Rosalyn Roberts, LMT Alternative Medicine Practice Spa & Massage Center
-
Southern Charm Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.08M
Owner & transaction history
Carol A Eakin · 14 yrs held
Carol A Eakin
since 2011
6 recorded transactions
Zoning & alternative use
EE2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+52.5%
Restaurant
$1.2M
+17.0%
Auto repair, garage
$1.1M
+11.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,015,000
Current use
OFFICE BUILDING
$1,550,000
Change: +52% · Conversion: Easy
RESTAURANT
$1,190,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,135,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$935,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$117 / 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
$8,501
Tax year 2023
Assessed value
$403,237
Assessed 2023
Previous assessed
$403,237
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$68,391
Assessed improvement
$334,846
Land market value
$68,391
Improvement market value
$334,846
Total market value
$403,237
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
2
Stories
1
Total area
9,200 SF
Lot
0.53 ac (22,952 SF)
Zoning code
EE2
APN
27750.00210.00000
UPID
US83-3196333
Jurisdiction
ECTOR
Zoning & alternative use
EE2 · Odessa, TX
Zoning EE2 · permitted uses
EE2 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
1983
Heating
NONE
Stories
1
Buildings
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Carol A Eakin
Individual
Mailing address
1500 E 8TH ST, ODESSA, TX 79761-4805
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2016
—
Carol E Lopez
—
Deed
related
$232,000 · Security Bk
Sep 1, 2016
—
Carol A Eakin
—
Deed
related
$232,000 · Security Bk
Jul 28, 2011
—
Carol A Eakin
Brown,david C & Doty A
Warranty Deed
related
$232,000 · Security Bank
Jul 14, 2008
—
Tv Southwest
Caffy,tommye R
Grant Deed
related
$221,500 · Southwest Bank Of Odessa
—
—
Carol E Lopez
—
Loan Modification
related
$232,000 · Security Bk
—
—
Carol A Eakin
—
Loan Modification
related
$232,000 · Security Bk
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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