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Property profile & analytics
FOR LEASE
Strip malls

601 E 42Nd St Odessa, TX 79762

70,873 SF 6.39 ac lot Built 1965
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US82-2688476
Property summary
AI-generated overview

This exceptional 100,000 square foot retail center, located in Odessa, Texas, presents a unique investment opportunity. Situated at the prominent corner of 42nd Street and N. Dixie Street in Ector County, this property boasts a prime location with high visibility and accessibility. Recently renovated in 2019, the center offers multiple tenancy options with three spaces currently available, ranging from 1,470 to 3,636 square feet. The property's strong tenant mix includes established businesses such as O'Reilly Auto Parts, Crab City, Presotea, Smoothie King, and Volcano Korean BBQ, ensuring a vibrant and thriving shopping environment. The center's modern design and convenient location attract a diverse customer base, making it an ideal investment for both established businesses and new ventures seeking a high-traffic location. The property's address is 601 E 42nd St, Odessa, TX 79762. This retail and office space offers a compelling opportunity to capitalize on the robust commercial activity in this thriving Texas city. The property's recent renovations ensure modern amenities and a well-maintained environment, attracting both tenants and customers. The diverse range of existing tenants creates a synergistic environment, further enhancing the overall appeal and value of the property.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 70,873 SF
Lot 6.39 ac (278,392 SF)
Zoning code ED1
APN 28600.00384.00000
UPID US82-2688476
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
  • O'Reilly Auto Parts Auto Parts Store
  • Volcano Korean BBQ & SUSHI (All You Can Eat) 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
$2.32M
Owner & transaction history
Gordon Sherwood LLC · 8 yrs held
Gordon Sherwood LLC
since 2018
6 recorded transactions
2018
Price N/A
2017
Price N/A
2012
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ED1 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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