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Property profile & analytics
OFF-MARKET
Estimated value
$8,265,000
Strip malls
2018 42nd St Odessa, TX 79762-5841
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-3836359
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Total area
81,810 SF
Lot
6.68 ac (290,850 SF)
Zoning code
ED5
APN
33200.00065.00000
UPID
US82-3836359
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
-
Star Nail & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.16M
Blend (final)
Blend
$8.27M
Owner & transaction history
Rampart Texas LLC · 9 yrs held
Rampart Texas LLC
since 2017
4 recorded transactions
Zoning & alternative use
ED5 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.2M
+177.7%
Auto repair, garage
$10.1M
+150.9%
Commercial (general)
$9.5M
+136.9%
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
RESTAURANT
$11,185,000
Change: +178% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,105,000
Change: +151% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,540,000
Change: +137% · Conversion: Easy
RETAIL STORES
$6,495,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$6,170,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$8.27M
Range $7.44M – $9.09M · ±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
$101 / 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
$178,165
Tax year 2023
Assessed value
$8,451,117
Assessed 2023
Previous assessed
$8,451,117
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,620,107
Assessed improvement
$6,831,010
Land market value
$1,620,107
Improvement market value
$6,831,010
Total market value
$8,451,117
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
5
Stories
1
Total area
81,810 SF
Lot
6.68 ac (290,850 SF)
Zoning code
ED5
APN
33200.00065.00000
UPID
US82-3836359
Jurisdiction
ECTOR
Zoning & alternative use
ED5 · Odessa, TXZoning ED5 · permitted uses
ED5 · 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
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.5M
RETAIL STORES
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.2M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1973
Heating
NONE
Stories
1
Buildings
5
Lot
6.68 ac
Current owner
From public records · entity-resolved
Rampart Texas LLC
Entity
Mailing address
22837 VENTURA BLVD STE #201, WOODLAND HILLS, CA 91364-1260
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Rampart Texas LLC
Midland 256 Rampart LP
Special Warranty Deed
$29,500,000 · Starwood Mortgage Capital LLC
Jul 26, 2016
—
Tucorp INC
—
Deed
related
$1,515,683 · Interbank
May 9, 2007
—
Midland 256 Rampart Etal
Owner Name Unavailable
Grant Deed
related
—
—
—
Tucorp INC
—
Deed Of Trust
related
$1,515,683 · Interbank
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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