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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Motels
200 Interstate 20 Odessa, TX 79766-8800
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-7272082
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Total area
3,586 SF
Lot
2.66 ac (115,870 SF)
Zoning code
ES2
APN
08850.00100.00000
UPID
US82-7272082
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Norma Ortiz Dirlam · 2 yrs held
Norma Ortiz Dirlam
since 2024
7 recorded transactions
Zoning & alternative use
ES2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+367.6%
Commercial (general)
$455,000
+246.5%
Auto repair, garage
$445,000
+236.5%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Change: +368% · Conversion: Difficult
COMMERCIAL (GENERAL)
$455,000
Change: +247% · Conversion: Difficult
AUTO REPAIR, GARAGE
$445,000
Change: +237% · Conversion: Difficult
RETAIL STORES
$350,000
Change: +168% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$48,050
Tax year 2023
Assessed value
$2,050,000
Assessed 2023
Previous assessed
$2,050,000
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$53,200
Assessed improvement
$1,996,800
Land market value
$53,200
Improvement market value
$1,996,800
Total market value
$2,050,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
8
Stories
1
Total area
3,586 SF
Lot
2.66 ac (115,870 SF)
Zoning code
ES2
APN
08850.00100.00000
UPID
US82-7272082
Jurisdiction
ECTOR
Zoning & alternative use
ES2 · Odessa, TX
Zoning ES2 · permitted uses
ES2 · 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
OFFICE BUILDING
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$445,000
RETAIL STORES
Est. value
$350,000
OFFICE BUILDING
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
1983
Heating
NONE
Stories
1
Buildings
8
Lot
2.66 ac
Current owner
From public records · entity-resolved
Norma Ortiz Dirlam
Individual
Mailing address
500 S MIDLAND DR, MIDLAND, TX 79703-6900
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Kkcds Odessa LLC
—
Deed
related
$2,050,000 · Bank Of Hope
Mar 11, 2024
—
Norma Ortiz Dirlam
Kkcds Odessa LLC
Warranty Deed
—
Jun 1, 2022
—
Kkcds Odessa LLC
G6 Hospitality Property LLC
Special Warranty Deed
$2,107,000 · Velocitysba LLC
Sep 9, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Jpmorgan Chase Bank NA
Sep 15, 2017
—
G 6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 7, 2017
—
G6 Hospitality Property LLC
—
Grant Deed
related
$165,260,000 · Deutsche Bk Ag/ny Branch
Oct 24, 2012
—
G6 Hospitality Property LLC
Motel 16 Operating LP
Limited Warranty Deed
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · German Am Cap
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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