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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Strip malls
5850 University Blvd Odessa, TX 79764-7227
Entity Owned
19-yr Hold
Free & Clear
Property ID
US82-2302526
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
89,952 SF
Lot
8.27 ac (360,111 SF)
Zoning code
EW1
APN
34900.02850.01000
UPID
US82-2302526
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
-
Farwest Hotel & Motel Resort
-
4 Ever Nails By Rose Nail Salon
-
Nutrition Office Social Service Agency Charitable Organization
-
Club Patron Bar & Pub
-
Glorious Events Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Htj Properties · 19 yrs held
Htj Properties
since 2007
2 recorded transactions
Zoning & alternative use
EW1 · 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
$20 / 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
$52,004
Tax year 2023
Assessed value
$3,017,012
Assessed 2023
Previous assessed
$3,017,012
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$136,835
Assessed improvement
$2,880,177
Land market value
$136,835
Improvement market value
$2,880,177
Total market value
$3,017,012
Applied tax rate
3.0000
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
1985
Heating
NONE
Buildings
3
Stories
1
Total area
89,952 SF
Lot
8.27 ac (360,111 SF)
Zoning code
EW1
APN
34900.02850.01000
UPID
US82-2302526
Jurisdiction
ECTOR
Zoning & alternative use
EW1 · Odessa, TXZoning EW1 · permitted uses
EW1 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Buildings
3
Lot
8.27 ac
Current owner
From public records · entity-resolved
Htj Properties
Entity
Free & Clear · 19 yrs held
Mailing address
603 HARLESS AVE, ODESSA, TX 79763-3609
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2007
—
Htj Properties
Owner Name Unavailable
Grant Deed
related
—
—
—
Permian Basin Broadcasting LLC
—
Deed Of Trust
related
$2,500,000 · West Tx St Bk
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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