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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Strip malls
4031 42nd St Odessa, TX 79762-5974
Entity Owned
19-yr Hold
Free & Clear
Property ID
US82-3024662
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
17,004 SF
Lot
1.61 ac (70,175 SF)
Zoning code
ED3
APN
36800.01680.00000
UPID
US82-3024662
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
-
Fred Loya Insurance Insurance Agency
-
Louisiana Crawfish Boil House Take-out & Catering Catering Service
-
OneMain Financial Loan Service
-
Fast Eddie's Odessa Arcade & Gaming Center
-
Elite Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$995k
Owner & transaction history
Freedom Sky Capital LLC · 19 yrs held
Freedom Sky Capital LLC
since 2007
6 recorded transactions
Zoning & alternative use
ED3 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+61.3%
Medical building
$1.3M
+53.1%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Current use
RETAIL STORES
$1,350,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$1,280,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$59 / 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
$33,529
Tax year 2023
Assessed value
$1,590,414
Assessed 2023
Previous assessed
$1,590,414
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$390,903
Assessed improvement
$1,199,511
Land market value
$390,903
Improvement market value
$1,199,511
Total market value
$1,590,414
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Total area
17,004 SF
Lot
1.61 ac (70,175 SF)
Zoning code
ED3
APN
36800.01680.00000
UPID
US82-3024662
Jurisdiction
ECTOR
Zoning & alternative use
ED3 · Odessa, TXZoning ED3 · permitted uses
ED3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$835,000
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1991
Heating
NONE
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Freedom Sky Capital LLC
Entity
Free & Clear · 19 yrs held
Mailing address
6303 IOLA AVE, LUBBOCK, TX 79424-2722
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2018
—
Freedom Sky Capital LLC
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
Nov 2, 2016
—
Freedom Sky Capital LLC
—
Deed
related
$1,288,750 · Plainscapital Bk
Feb 6, 2007
—
Freedom Sky Capital LLC
Owner Name Unavailable
Grant Deed
related
—
Feb 1, 2006
—
69th Street Dev Ltd
Owner Name Unavailable
Grant Deed
—
—
—
Freedom Sky Capital LLC
—
Deed Of Trust
related
$1,288,750 · Plainscapital Bk
—
—
Freedom Sky Capital LLC
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins Co
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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