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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Showrooms
2510 8th St, Odessa, TX 79761-4904
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3934176
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1999
Total area
11,238 SF
Lot
2.63 ac (114,650 SF)
Zoning code
EE3
APN
06000.00030.00000
UPID
US82-3934176
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
-
Sienna Nursing & Rehabilitation Nursing Home
-
All American Chrysler Jeep Dodge Ram of Odessa Car Dealership
-
Sienna Nursing and Rehabilitation Odessa, Texas Nursing Home
-
All American Chrysler Dodge Jeep Ram of Odessa Parts Center Auto Parts Store
-
All American Chrysler Dodge Jeep Ram of Odessa Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.07M
Owner & transaction history
Lithia Real Estate INC · 15 yrs held
Lithia Real Estate INC
since 2010
2 recorded transactions
Zoning & alternative use
EE3 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+52.5%
Restaurant
$1.5M
+17.0%
Auto repair, garage
$1.4M
+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%
$2,365,000
6.5%
$2,185,000
7%
$2,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,240,000
Current use
OFFICE BUILDING
$1,890,000
Change: +52% · Conversion: Easy
RESTAURANT
$1,450,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,390,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±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
$184 / 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
$70,641
Tax year 2023
Assessed value
$3,350,813
Assessed 2023
Previous assessed
$3,350,813
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$333,629
Assessed improvement
$3,017,184
Land market value
$333,629
Improvement market value
$3,017,184
Total market value
$3,350,813
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
1999
Heating
NONE
Buildings
5
Stories
1
Total area
11,238 SF
Lot
2.63 ac (114,650 SF)
Zoning code
EE3
APN
06000.00030.00000
UPID
US82-3934176
Jurisdiction
ECTOR
Zoning & alternative use
EE3 · Odessa, TX
Zoning EE3 · permitted uses
EE3 · 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
$1.2M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1999
Heating
NONE
Stories
1
Buildings
5
Lot
2.63 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2010
—
Lithia Real Estate INC
—
Deed Of Trust
related
$2,212,613 · Ally Bank Corp
—
—
Lithia Real Estate INC
—
Deed Of Trust
related
$2,099,006 · Ally Bank
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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