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Property profile & analytics

2201 E 8Th St Odessa, TX 79761

  • Showrooms
  • 3,150 SF
  • 0.72 lot acres
For Sale
Last Sale
Apr 18, 2023
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US82-2626708
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.

Current Use by Public Records

  • Blue Whale Hand Car Wash / Car Wash

Property Details for 2201 E 8Th St

Year built
1962
Lot size
0.72 lot acres
Property size
3,150 SF
Zone code
EE3
Property type
Showrooms
APN
21800.00365.00000
APU
218000036500000

Description

This exceptional 3,150 square foot executive office building, situated on a sizable 0.72-acre corner lot in Odessa, Texas, presents a compelling investment opportunity. Built in 1967, the single-story structure boasts ample covered and asphalt parking, catering to both employees and clients. The interior features numerous rooms, each equipped with windows, providing excellent natural light and a pleasant work environment. A dedicated conference room facilitates efficient meetings and collaborations. Adding to its versatility, a rear garage offers potential for vehicle maintenance, a workshop, or additional storage space, accessible via two bay doors. The property is serviced by city water and sewer. Its strategic location ensures high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $770,000, translating to $209.52 per square foot and $916,666.67 per acre. A 5-year NNN lease is available. This property's diverse functionality and prime location make it an attractive investment for discerning buyers seeking a strong return. The building's adaptable layout is well-suited for various uses, including car dealerships, salons, multi-stylist hair salons, or office spaces requiring a conference room. The ample parking and convenient access points further enhance its appeal. This is a rare opportunity to acquire a well-maintained commercial property in a thriving Texas market.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $665,000
    6.5%
    $610,000
    7%
    $570,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $545,000
    Market price range: $188k - $545k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $530,000
    AUTO REPAIR, GARAGE
    $390,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Odessa
County
Ector
State
Texas
Longitude
-102.342
Latitude
31.8624
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
$4,402
$91,645
$117,148
$208,793
-
$91,645
$117,148
$208,793
More about this property
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