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Property profile & analytics
OFF-MARKET
Turn key restaurants
4301 42nd St Odessa, TX 79762-5978
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-6047599
Property summary
AI-generated overview
This exceptional 3,876 square foot restaurant space, formerly occupied by Genghis Grill and Pickles, is available for lease in Odessa, Texas. Located at 4301 E 42nd St, this single-tenant property sits on a 0.17-acre lot (2,700 sq ft) and boasts 10+ parking spaces, offering ample convenience for patrons. The property benefits from a prime location with excellent visibility due to its proximity to 42nd Street and Music City Mall, ensuring high traffic volume. The zoning is Light Commercial (APN: 24280.00300.00000), providing flexibility for various restaurant concepts. Taxes are $4.74 per square foot. A Net Net Net (NNN) lease is available with a negotiable lease term. Please note that Music City Mall has some restrictions on Mexican and Asian cuisine concepts due to existing tenants
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Total area
3,876 SF
Lot
0.17 ac (7,405 SF)
Zoning code
ED3
APN
24280.00300.00000
UPID
US82-6047599
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
-
Pickles Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Topprosper Group LLC · 3 yrs held
Topprosper Group LLC
since 2023
4 recorded transactions
Zoning & alternative use
ED3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,376
Tax year 2023
Assessed value
$871,665
Assessed 2023
Previous assessed
$871,665
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$41,247
Assessed improvement
$830,418
Land market value
$41,247
Improvement market value
$830,418
Total market value
$871,665
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Heating
NONE
Total area
3,876 SF
Lot
0.17 ac (7,405 SF)
Zoning code
ED3
APN
24280.00300.00000
UPID
US82-6047599
Jurisdiction
ECTOR
Zoning & alternative use
ED3 · Odessa, TX
Zoning ED3 · permitted uses
ED3 · 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
2012
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Topprosper Group LLC
Entity
Mailing address
5509 SAN SABA CT, MIDLAND, TX 79707-9726
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
—
Topprosper Group LLC
Rs 42nd LLC
Venders Lien
$1,560,000 · First Bank & Trust
Jul 5, 2022
—
Rs 42nd LLC
Chalak Re Odessa LLC
Venders Lien
—
Jul 27, 2018
—
Chalak Re Odessa LLC
—
Deed
related
$1,735,000 · First Nat'l Bk/mcgregor
—
—
Chalak Re Odessa LLC
—
Deed Of Trust
related
$1,735,000 · First Nat'l Bk/mcgregor
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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