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

    6045 10th St Odessa, TX 79763-8901

    • Retail properties
    • 1,980 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9813827
    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

    • Rh All Around Repair LLC - Mobile Truck Repair / Car Repair And Maintenance Service

    Property Details for 6045 10th St

    Year built
    1978
    Lot size
    1.70 lot acres
    Property size
    1,980 SF
    Zone code
    EW5
    Property type
    Retail properties
    APN
    35300.03550.01000
    APU
    353000355001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $364,000
      Market price range: $148k - $388k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $275,000
      Current use
      COMMERCIAL (GENERAL)
      $260,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $260,000
      Change: -5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $245,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.442
    Latitude
    31.833
    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
    $4,252
    $40,729
    $205,967
    $246,696
    -
    $40,729
    $205,967
    $246,696

    Comparable in this City

    • Value Estimation
      $585,000
      24,386 SF

      2211 10th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 24,386 SF
      2211 10th St, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      5,936 SF

      6477 University Blvd

      Automotive properties • 5,936 SF
      6477 University Blvd, Odessa, TX 79763
      View Details
    • Value Estimation by Request
      18,700 SF

      14410 14480 14450

      Office Properties & Spaces • 18,700 SF
      14410 14480 14450, Odessa, TX 79763
      View Details
    • Value Estimation
      $330,000
      4,800 SF

      600 Fm 866

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,800 SF
      600 Fm 866, Odessa, TX 79763-3046
      View Details
    • Value Estimation
      $435,000
      5,196 SF

      4560 Hwy 80

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,196 SF
      4560 Hwy 80, Odessa, TX 79763-5514
      View Details
    • Value Estimation
      $425,000
      8,040 SF

      1719 Fm 1936

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,040 SF
      1719 Fm 1936, Odessa, TX 79763-5966
      View Details

    Similar Nearby for Sale

    • $850,000
      5.00 Acres

      I-20 Odessa Retail Property

      Prime Retail & Land, Odessa, TX
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    • $1,271,085
      9,100 SF

      Dollar General in Odessa, TX

      Dollar General in Odessa, TX with 8+ years remaining.
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    • $5,500,000
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      Odessa Retail/Automotive Property For Sale

      Prime retail/automotive property with highway frontage, available for sale or lease.
      14761 W I-20, Odessa, TX 79763
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    • Contact for pricing
      4,440 SF

      Versatile Commercial Building in Odessa

      4,440 sq ft building suitable for retail or office.
      801 W 2Nd St, Odessa, TX 79763
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    • $470,000
      1,800 SF

      Odessa Property with Shop Building

      9-acre property featuring shop building, tiny home, and RV spots.
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    • $2,750,000
      17,500 SF

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      4.5-acre retail property with highway frontage and multiple bays.
      14761 W I-20, Odessa, TX 79763
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    Similar Nearby for Lease

    • $2 SF/Yr
      4,000 SF

      I-20 West Frontage Commercial Property

      Prime Odessa location, 4,000 sqft available.
      850 I-20, Odessa, TX 79763
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    • $26 SF/Yr
      8,500 SF

      8,500 SF Retail Space

      Open shell space suitable for retail or service-oriented businesses.
      1801 Linda Ave, Odessa, TX 79763
      View Details
    • $26 SF/Yr
      3,000 SF

      Odessa Medical/Retail/Office Space Available

      3,000 SF space suitable for medical, retail, or office use.
      2260 Linda Ave, Odessa, TX 79763
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    • $10,000 /Mo
      1,216 SF

      Prime Land with Metal Building

      5 acres with building and I-20 visibility for lease.
      8220 W I-20 Service Rd, Odessa, TX 79763
      View Details
    • Contact for pricing
      6,250 SF

      Odessa Warehouse: Build-to-Suit

      6,250 SF Warehouse, West Odessa, TX
      8340 Boles Rd, Odessa, TX 79763
      View Details
    • $8,000 /Mo
      6,200 SF

      Commercial Office and Shop Space

      6,200 SF office and shop on 1.5-acre corner lot.
      4424 W 8Th St, Odessa, TX 79763
      View Details
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    6045 10th St
    Odessa, TX 79763-8901
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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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