Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3122 University Blvd Odessa, TX 79762-6955

    • Auto shops
    • 1,870 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4042059
    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

    • Take 5 Oil Change / Auto Repair Shop

    Property Details for 3122 University Blvd

    Year built
    2006
    Lot size
    0.38 lot acres
    Property size
    1,870 SF
    Zone code
    EE2
    Property type
    Auto shops
    APN
    07000.05218.00000
    APU
    70000521800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.348
    Latitude
    31.8752
    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
    $7,345
    $56,950
    $291,465
    $348,415
    -
    $56,950
    $291,465
    $348,415

    Comparable in this City

    • Value Estimation by Request
      4,050 SF

      3738 Andrews Hwy

      AUTO REPAIR, GARAGE • 4,050 SF
      3738 Andrews Hwy, Odessa, TX 79762-6303
      View Details
    • Value Estimation
      $505,000
      7,136 SF

      403 Yukon Rd

      SERVICE STATION (FULL SERVICE) • 7,136 SF
      403 Yukon Rd, Odessa, TX 79762
      View Details
    • Value Estimation by Request
      600 SF

      2804 Andrews Hwy

      SERVICE STATION (FULL SERVICE) • 600 SF
      2804 Andrews Hwy, Odessa, TX 79762-7620
      View Details
    • Value Estimation by Request
      1,595 SF

      3001 Andrews Hwy

      SERVICE STATION (FULL SERVICE) • 1,595 SF
      3001 Andrews Hwy, Odessa, TX 79762-7518
      View Details
    • Value Estimation by Request
      5,076 SF

      3751 Andrews Hwy

      CAR WASH • 5,076 SF
      3751 Andrews Hwy, Odessa, TX 79762-6304
      View Details
    • Value Estimation by Request
      1,769 SF

      4041 Maple Ave

      SERVICE STATION (FULL SERVICE) • 1,769 SF
      4041 Maple Ave, Odessa, TX 79762-7147
      View Details

    Similar Nearby for Sale

    • $1,400,000
      1,728 SF

      High-Traffic Retail/Auto Shop Opportunity

      Retail or auto shop space with high traffic exposure.
      4200 Andrews Hwy, Odessa, TX 79762
      View Details
    • $700,000
      1.03 Acres

      Commercial Land on JBS Parkway

      High-traffic commercial land suitable for retail, restaurant, office, service industry.
      5230 Jbs Pkwy, Odessa, TX 79762
      View Details
    • Contact for pricing
      510 SF

      New Drive-Thru Investment Opportunity

      New construction drive-thru coffee shop with long-term NNN lease.
      3838 Andrews Hwy, Odessa, TX 79762
      View Details
    • $499,000
      8,726 SF

      Prime Odessa Storefront Opportunity

      8,726 SF Vacant Retail Space, $499,000
      2701 Dixie Blvd, Odessa, TX 79762
      View Details
    • $17,500,000
      82,264 SF

      Redeveloped Retail Center For Sale

      Retail center with significant redevelopment completed in 2020.
      601-625 E 42Nd St, Odessa, TX 79762
      View Details
    • $3,000,000
      11,896 SF

      Odessa Freestanding Building on Andrews

      11,896 SF building on 1.005 acres, high-traffic location.
      3636 Andrews Hwy, Odessa, TX 79762
      View Details

    Similar Nearby for Lease

    • $12,000 /Mo
      24,000 SF

      Commercial Space in Prime Location

      Versatile commercial space suitable for various business ventures.
      6202 Andrews Hwy, Odessa, TX 79762
      View Details
    • Contact for pricing
      28,800 SF

      Wendover Office Suites, Odessa, TX

      Versatile Odessa Office Space Available
      4222 Wendover Ave, Odessa, TX 79762
      View Details
    • $8 SF/Yr
      10,756 SF

      Retail Storefront with Warehouse Space

      Retail storefront with warehouse, fenced yard, high-traffic location.
      305 E University Blvd, Odessa, TX 79762
      View Details
    • Contact for pricing
      4,245 SF

      Odessa Retail Center For Rent

      148,025 SF shopping center with excellent visibility and access.
      2711-2745 N Grandview Ave, Odessa, TX 79762
      View Details
    • Contact for pricing
      42,096 SF

      Penbrook Building: Odessa Office Space

      Versatile Odessa Office, Multiple Suites Available
      4044 Penbrook St, Odessa, TX 79762
      View Details
    • Contact for pricing
      4,227 SF

      Odessa Retail Space For Lease

      Retail space available in a 148,025 SF shopping center.
      3129-3181 E University Blvd, Odessa, TX 79762
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3122 University Blvd
    Odessa, TX 79762-6955
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!