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Property profile & analytics
FOR LEASE
Office buildings
415 N Grant Ave Odessa, TX 79761
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3925034
For Lease
$1,445,000
415 N Grant Ave, Odessa, TX 79761
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
11,500 SF
Lot
0.28 ac (12,249 SF)
Zoning code
EE1
APN
22000.01435.00000
UPID
US82-3925034
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
-
Ease Web Development Marketing & Advertising (Bike/Boat/Book/etc) Store
-
The Copper Rose Music Venue Bar & Pub
-
Odessa Arts Theater & Performing Art Venue
-
The craft shop (Bike/Boat/Book/etc) Store
-
WARP ZONE (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.45M
Owner & transaction history
Copper Roseville INC · 4 yrs held
Copper Roseville INC
since 2021
3 recorded transactions
Zoning & alternative use
EE1 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$126 / 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
$22,373
Tax year 2023
Assessed value
$1,061,264
Assessed 2023
Previous assessed
$1,061,264
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$54,386
Assessed improvement
$1,006,878
Land market value
$54,386
Improvement market value
$1,006,878
Total market value
$1,061,264
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1948
Heating
NONE
Buildings
2
Stories
1
Total area
11,500 SF
Lot
0.28 ac (12,249 SF)
Zoning code
EE1
APN
22000.01435.00000
UPID
US82-3925034
Jurisdiction
ECTOR
Zoning & alternative use
EE1 · Odessa, TX
Zoning EE1 · permitted uses
EE1 · 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.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Copper Roseville INC
Entity
Mailing address
922 S MAIN ST, MIDLAND, TX 79701-7337
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
—
Copper Roseville INC
John Walter Enterprises INC
Venders Lien
$1,120,000 · John Walter Enterprises INC
Apr 16, 2019
—
John Walter Ents INC
Rose,james R & Nelda R
Warranty Deed
$825,000 · James R & Nelda R Rose
Oct 11, 2011
—
James R Rose
Odessa Properties Ltd
Warranty Deed
related
$150,000 · Southwest 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.
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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