Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6001 Eastridge Rd Odessa, TX 79762-5056
    Property profile & analytics

    6001 Eastridge Rd Odessa, TX 79762-5056

    View on Map
    • Grocery and convenience stores
    • 2,400 SF
    • 0.51 lot acres
    Off-Market
    Last Sale Feb 2, 2025
    Property ID
    US82-2932064
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DK / Gas Station
    • One Professional Plaza / Business Service Center / Corporate Office
    • MoneyGram / Bank / Credit Union
    • Citibank ATM / Atm
    • Bitcoin Depot | Bitcoin ATM / Atm / Crypto Atm

    Property Details for 6001 Eastridge Rd

    Year built
    1982
    Lot size
    0.51 lot acres
    Property size
    2,400 SF
    Zone code
    EF5
    Property type
    Grocery and convenience stores
    APN
    06800.02650.00000
    APU
    68000265000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.317
    Latitude
    31.8948
    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
    $6,582
    $64,646
    $247,578
    $312,224
    -
    $64,646
    $247,578
    $312,224

    Comparable in this City

    • Value Estimation
      $2,550,000
      66,900 SF

      4950 42nd St

      GROCERY, SUPERMARKET • 66,900 SF
      4950 42nd St, Odessa, TX 79762-7240
      View Details
    • Value Estimation by Request
      5,520 SF

      1117 42nd St

      GROCERY, SUPERMARKET • 5,520 SF
      1117 42nd St, Odessa, TX 79762
      View Details
    • Value Estimation
      $795,000
      23,889 SF

      1107 42nd St

      GROCERY, SUPERMARKET • 23,889 SF
      1107 42nd St, Odessa, TX 79762-7723
      View Details
    • Value Estimation by Request
      1,225 SF

      5500 Andrews Hwy

      CONVENIENCE STORE • 1,225 SF
      5500 Andrews Hwy, Odessa, TX 79762-4251
      View Details
    • Value Estimation by Request
      2,496 SF

      6301 Dixie Blvd

      CONVENIENCE STORE • 2,496 SF
      6301 Dixie Blvd, Odessa, TX 79762-2926
      View Details
    • Value Estimation by Request
      2,480 SF

      5112 Dixie Blvd

      CONVENIENCE STORE • 2,480 SF
      5112 Dixie Blvd, Odessa, TX 79762-4345
      View Details

    Similar Nearby for Sale

    • $1,400,000
      1,728 SF

      High-Traffic Retail/Auto Shop Opportunity

      Retail or auto shop space with high traffic exposure.
      4200 Andrews Hwy, Odessa, TX 79762
      View Details
    • $700,000
      1.03 Acres

      Commercial Land on JBS Parkway

      High-traffic commercial land suitable for retail, restaurant, office, service industry.
      5230 Jbs Pkwy, Odessa, TX 79762
      View Details
    • $3,000,000
      11,896 SF

      Odessa Freestanding Building on Andrews

      11,896 SF building on 1.005 acres, high-traffic location.
      3636 Andrews Hwy, Odessa, TX 79762
      View Details
    • Contact for pricing
      6,290 SF

      Leased Retail Outparcel For Sale

      Fully leased retail outparcel with long-term tenants.
      5011 E 42Nd St, Odessa, TX 79762
      View Details
    • Contact for pricing
      11,896 SF

      Freestanding Building on Andrews Highway

      Value-add opportunity with high traffic and flexible uses.
      3636 Andrews Hwy, Odessa, TX 79762
      View Details
    • Contact for pricing
      510 SF

      New Drive-Thru Investment Opportunity

      New construction drive-thru coffee shop with long-term NNN lease.
      3838 Andrews Hwy, Odessa, TX 79762
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      10,756 SF

      Retail Storefront with Warehouse Space

      Retail storefront with warehouse, fenced yard, high-traffic location.
      305 E University Blvd, Odessa, TX 79762
      View Details
    • Contact for pricing
      5,055 SF

      Retail Space Near HEB Grocery

      Retail space available near HEB Grocery at Odessa Loop.
      3001 W University Blvd, Odessa, TX 79762
      View Details
    • Contact for pricing

      Office Center in Medical Corridor

      Office spaces available in high-demand commercial area.
      4222 Wendover Ave, Odessa, TX 79762
      View Details
    • Contact for pricing

      Large Customizable Office/Retail Space

      Customizable office/retail space in a thriving commercial corridor.
      4044 Penbrook St, Odessa, TX 79762
      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
    • Contact for pricing

      Remodeled Shopping Center Space Available

      Remodeled shopping center with diverse co-tenants on 42nd Street.
      601 E 42Nd St, Odessa, TX 79762
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6001 Eastridge Rd
    Odessa, TX 79762-5056
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6001 Eastridge Rd, Odessa, TX, 79762
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!