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2201 E 8Th St, Odessa, TX 79761
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Property summary
AI-generated overview
The property is a corner-lot commercial building of approximately 3,150 square feet located at 2201 E 8th St in Odessa, Texas. The interior layout includes multiple windowed rooms configured with office space and a dedicated conference room, supporting a service-oriented arrangement with visible work areas. At the rear, there is a garage/work area suitable for vehicle work with two two-bay doors. Parking is available on-site with both covered parking and additional asphalt parking for customer or staff use. The site is served by city water and sewer. The building’s configuration supports automotive- and service-oriented uses requiring a combination of customer-facing/office spaces and functional rear garage access, and it may also support mixed office setups with multiple rooms and on-site workspace.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1962
Total area
3,150 SF
Lot
0.72 ac (31,494 SF)
Zoning code
EE3
APN
21800.00365.00000
UPID
US82-2626708
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Wash
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$315k
Owner & transaction history
since 2023
5 recorded transactions
Zoning & alternative use
EE3 · Odessa, TX
Top alternative use upside
Office building
$530,000
+52.5%
Auto repair, garage
$390,000
+11.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$315k
Value range
$284k – $347k
±10% around blend
Estimated value / SF
$100 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$284k
blend $315k
$347k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,150 SF
Lot area
0.72 ac
Year built
1962
Stories
1
APN
21800.00365.00000
Zoning
EE3
Assessed value
$208,793
Annual tax
$4,402
3
Income approach: direct capitalization
Partial preview
Income approach indication
$610k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$665k
@ 6.5% CAP return
$610k
@ 7% CAP return
$570k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$4,402
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$545k
Range $188k – $545k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$315k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+52%
vs current-use indication
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
6.35%
Selected cap rate for this showrooms
Derived from the Odessa market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.35%
9.0%
NOI (est.)
$42k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$660k
Move the market yield to see immediate price impact.
Value / SF
$210
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.85%6.35%6.85%
$38k
$645k
$594k
$551k
$42k
$717k
$660k
$612k
$46k
$788k
$726k
$673k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,402
Tax year 2023
Assessed value
$208,793
Assessed 2023
Previous assessed
$208,793
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$91,645
Assessed improvement
$117,148
Land market value
$91,645
Improvement market value
$117,148
Total market value
$208,793
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1962
Heating
NONE
Stories
1
Total area
3,150 SF
Lot
0.72 ac (31,494 SF)
Zoning code
EE3
APN
21800.00365.00000
UPID
US82-2626708
Jurisdiction
ECTOR
Zoning & alternative use
EE3 · Odessa, TXZoning EE3 · permitted uses
EE3 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Lot
0.72 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
EE3
Jurisdiction
Odessa, TX
Recorded code
EE3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EE3 in Odessa, TX.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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