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Property profile & analytics
OFF-MARKET
Turn key restaurants
512 Grant Ave Odessa, TX 79761-5121
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1649572
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Total area
3,500 SF
Lot
0.08 ac (3,498 SF)
Zoning code
EE1
APN
22000.01990.00000
UPID
US82-1649572
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
-
Grant Street Tacos Food Processing Plant
-
El Sinaloense Mariscos & Bar 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
Joel Cazares · 10 yrs held
Joel Cazares
since 2016
6 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
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
$4,647
Tax year 2023
Assessed value
$220,428
Assessed 2023
Previous assessed
$220,428
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$15,540
Assessed improvement
$204,888
Land market value
$15,540
Improvement market value
$204,888
Total market value
$220,428
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
2
Stories
1
Total area
3,500 SF
Lot
0.08 ac (3,498 SF)
Zoning code
EE1
APN
22000.01990.00000
UPID
US82-1649572
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
1955
Heating
NONE
Stories
1
Buildings
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Joel Cazares
Individual
Mailing address
660 E BLUE DIAMOND ST, ODESSA, TX 79766-9416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 11, 2017
—
Joel Caza
—
Deed
related
$150,000 · Commercial State Bank (andrews Tx)
Jul 25, 2017
—
Joel Cazares
—
Deed
related
$150,000 · Commercial State Bank (andrews Tx)
Feb 5, 2016
—
Joel Cazares
Cazares,juan G & Ana M
Quit Claim Deed
related
$40,000 · Southwest Heritage Cu
Jan 11, 2012
—
Juan G Cazares
Davis Cranfill
Venders Lien
$107,000 · Commercial State Bank (andrews Tx)
Feb 24, 2010
—
Davis Cranfill
Fred A Altom LLC
Warranty Deed
$70,000 · First Basin Cu
—
—
Davis Cranfill
—
Deed Of Trust
related
$70,000 · First Basin Cu
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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