Property profile

601 Washington Ave Odessa, TX 79761

OFF-MARKET
Investment properties
Property ID
US82-2438992
2,737 SF 0.24 ac lot Built 1950
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 2,737 SF
Lot 0.24 ac (10,498 SF)
Zoning code EB6
APN 13900.00411.00000
UPID US82-2438992

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

601 Washington Ave Odessa, TX 79761-4436
Odessa metro Census 3100 ODESSA, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$530k
Comparable Approach Comparable
$474k
Blend (final) Blend
$280k

Owner & transaction history

since 2007
3 recorded transactions
2013
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

EB6 · Odessa, TX
Top alternative use upside
Office building $460,000 +52.5%
Auto repair, garage $340,000 +11.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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