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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5275 42nd St Odessa, TX 79762-5248

    • Hotels
    • 16,711 SF
    • 3.11 lot acres
    OFF-MARKET
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3873765
    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

    • Holiday Inn Odessa, an IHG Hotel / Hotel / Conference Center

    Property Details for 5275 42nd St

    Year built
    2006
    Lot size
    3.11 lot acres
    Property size
    16,711 SF
    Zone code
    EF1
    Property type
    Hotels
    APN
    08640.00150.00000
    APU
    86400015000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $966,000
      Market price range: $346k - $967k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $615,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $825,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.323
    Latitude
    31.8964
    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
    $101,193
    $754,161
    $3,245,839
    $4,000,000
    -
    $754,161
    $3,245,839
    $4,000,000

    Comparable in this City

    • Value Estimation
      $1,055,000
      22,000 SF

      5221 John Ben Shepperd Pkwy

      HOTEL • 22,000 SF
      5221 John Ben Shepperd Pkwy, Odessa, TX 79762-4869
      View Details
    • Value Estimation
      $1,015,000
      138,488 SF

      5200 University Blvd

      HOTEL/MOTEL • 138,488 SF
      5200 University Blvd, Odessa, TX 79762-8113
      View Details
    • Value Estimation
      $830,000
      16,336 SF

      4412 Tanglewood Ln

      HOTEL • 16,336 SF
      4412 Tanglewood Ln, Odessa, TX 79762-4900
      View Details
    • Value Estimation
      $725,000
      13,558 SF

      3923 John Ben Shepperd Pkwy

      HOTEL • 13,558 SF
      3923 John Ben Shepperd Pkwy, Odessa, TX 79762-8129
      View Details
    • Value Estimation
      $715,000
      13,719 SF

      3933 John Ben Shepperd Pkwy

      HOTEL • 13,719 SF
      3933 John Ben Shepperd Pkwy, Odessa, TX 79762-8129
      View Details
    • Value Estimation
      $705,000
      13,198 SF

      4801 50th St

      HOTEL • 13,198 SF
      4801 50th St, Odessa, TX 79762-4901
      View Details

    Similar Nearby for Sale

    • $625,000
      6,325 SF

      Odessa Warehouse: Prime Industrial Site

      6,325 SF Warehouse, Excellent Location
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      Commercial Land in Odessa, TX

      2.2 acres available for commercial development off Eastridge Rd.
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    • $1,750,000
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      New Drive-Thru Investment Opportunity

      New construction drive-thru coffee shop with long-term NNN lease.
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    • $1,400,000
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      High-Traffic Retail/Auto Shop Opportunity

      Retail or auto shop space with high traffic exposure.
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    • $1,280,000
      11,200 SF

      Versatile Industrial Property with Office Space

      Industrial property featuring office space, shop, and additional metal building.
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      510 SF

      New Drive-Thru Investment Opportunity

      New construction NNN ground lease near major retailers and schools.
      4001 N Grandview Ave, Odessa, TX 79762
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    Similar Nearby for Lease

    • Contact for pricing
      42,096 SF

      Penbrook Building: Odessa Office Space

      Versatile Odessa Office, Multiple Suites Available
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      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
    • $21 SF/Yr
      6,000 SF

      Odessa Warehouse: 6,000 SF Available

      Modern warehouse, 2.23 acres, excellent location.
      198 Solo Rd, Odessa, TX 79762
      View Details
    • Contact for pricing
      100,000 SF

      Sherwood Village Shopping Center

      Odessa Retail Center - 3 Spaces Available
      601 42Nd St, Odessa, TX 79762
      View Details
    • $22 SF/Yr
      48,412 SF

      6005 Eastridge Rd

      Medical offices • 48,412 SF
      6005 Eastridge Rd, Odessa, TX 79762
      View Details
    • $14 SF/Yr
      148,025 SF

      Town & Country Shopping Center

      Odessa, TX Medical Office Space
      2711 Grandview Ave, Odessa, TX 79762
      View Details
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    5275 42nd St
    Odessa, TX 79762-5248
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    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
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