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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Retail space
3050 University Blvd Odessa, TX 79764-7157
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-1006402
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
15,131 SF
Lot
1.7 ac (74,052 SF)
Zoning code
EB1
APN
07480.00100.00000
UPID
US83-1006402
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy Pharmacy
-
CVS Pharmacy
-
CDReload - Online Bitcoin ATM Money Transfer Service Crypto Atm
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.59M
Owner & transaction history
Dbd Nocigs 2019 36 LLC · 6 yrs held
Dbd Nocigs 2019 36 LLC
since 2019
2 recorded transactions
Zoning & alternative use
EB1 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+136.1%
Restaurant
$2.2M
+21.6%
Commercial (general)
$2.2M
+21.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,810,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,805,000
Current use
OFFICE BUILDING
$4,265,000
Change: +136% · Conversion: Easy
RESTAURANT
$2,195,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,190,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,870,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±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
$171 / 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
$41,042
Tax year 2023
Assessed value
$1,946,798
Assessed 2023
Previous assessed
$1,946,798
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$314,721
Assessed improvement
$1,632,077
Land market value
$314,721
Improvement market value
$1,632,077
Total market value
$1,946,798
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
NONE
Total area
15,131 SF
Lot
1.7 ac (74,052 SF)
Zoning code
EB1
APN
07480.00100.00000
UPID
US83-1006402
Jurisdiction
ECTOR
Zoning & alternative use
EB1 · Odessa, TXZoning EB1 · permitted uses
EB1 · 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
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
2018
Heating
NONE
Lot
1.7 ac
Current owner
From public records · entity-resolved
Dbd Nocigs 2019 36 LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL, NEW YORK, NY 10105-0302
Ownership since
2019
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
Oct 23, 2019
—
Dbd Nocigs 2019 36 LLC
Cvs Pharmacy Ltd
Special Warranty Deed
$5,710,355 · Wells Fargo Trust Company
Apr 27, 2017
—
Cvs Pharmacy INC
Texas Tierra III Ltd
Warranty Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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