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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Banks
2975 John Ben Shepperd Pkwy Odessa, TX 79762-8157
Individually Owned
18-yr Hold
Free & Clear
Property ID
US83-3127212
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1993
Total area
5,210 SF
Lot
1.98 ac (86,031 SF)
Zoning code
ED6
APN
23660.00060.00000
UPID
US83-3127212
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$535k
Owner & transaction history
Lone Star State Bk Of West Texas · 18 yrs held
Lone Star State Bk Of West Texas
since 2008
2 recorded transactions
Zoning & alternative use
ED6 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$710,000
+58.7%
Auto repair, garage
$645,000
+43.3%
Commercial (general)
$605,000
+35.3%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$450,000
Current use
RESTAURANT
$710,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$605,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$415,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$395,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$103 / 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
$31,600
Tax year 2023
Assessed value
$1,498,905
Assessed 2023
Previous assessed
$1,498,905
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$310,633
Assessed improvement
$1,188,272
Land market value
$310,633
Improvement market value
$1,188,272
Total market value
$1,498,905
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Buildings
2
Stories
1
Total area
5,210 SF
Lot
1.98 ac (86,031 SF)
Zoning code
ED6
APN
23660.00060.00000
UPID
US83-3127212
Jurisdiction
ECTOR
Zoning & alternative use
ED6 · Odessa, TX
Zoning ED6 · permitted uses
ED6 · 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
FINANCIAL BUILDING Current
Est. value
$450,000
RESTAURANT
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$605,000
RETAIL STORES
Est. value
$415,000
MEDICAL BUILDING
Est. value
$395,000
FINANCIAL BUILDING Current
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
1993
Heating
NONE
Stories
1
Buildings
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Lone Star State Bk Of West Texas
Individual
Free & Clear · 18 yrs held
Mailing address
2975 JOHN BEN SHEPPERD PKWY, ODESSA, TX 79762-8157
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Feb 12, 2008
—
Lone Star State Bk Of West Texas
West Texas Investments Ltd
Quit Claim Deed
related
—
Feb 4, 2008
—
Charitable Foundation I Barnes
West Texas Investments Ltd
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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