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Property profile & analytics
FOR SALE
Commercial real estate
809 Tower Dr Odessa, TX 79761
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-3144576
For Sale
1 / 28
$1,200,000
809 Tower Dr, Odessa, TX 79761
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Total area
8,130 SF
Lot
0.58 ac (25,221 SF)
Zoning code
EE3
APN
21800.00340.00000
UPID
US82-3144576
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.50M
Owner & transaction history
Llh Properties LLC · 7 yrs held
Llh Properties LLC
since 2018
5 recorded transactions
Zoning & alternative use
EE3 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+52.5%
Restaurant
$1.1M
+17.0%
Auto repair, garage
$1.0M
+11.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,710,000
6.5%
$1,580,000
7%
$1,465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$895,000
Current use
OFFICE BUILDING
$1,370,000
Change: +52% · Conversion: Easy
RESTAURANT
$1,050,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,005,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / 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
$14,797
Tax year 2023
Assessed value
$701,888
Assessed 2023
Previous assessed
$701,888
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$73,393
Assessed improvement
$628,495
Land market value
$73,393
Improvement market value
$628,495
Total market value
$701,888
Applied tax rate
7.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1966
Heating
NONE
Stories
1
Total area
8,130 SF
Lot
0.58 ac (25,221 SF)
Zoning code
EE3
APN
21800.00340.00000
UPID
US82-3144576
Jurisdiction
ECTOR
Zoning & alternative use
EE3 · Odessa, TX
Zoning EE3 · permitted uses
EE3 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$895,000
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Llh Properties LLC
Entity
Mailing address
16 MSN SANTIAGO DR, ODESSA, TX 79765-8508
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2018
—
Llh Properties LLC
—
Deed
related
$8,388,000 · Lone Star State Bank Of West Texas
Oct 12, 2018
—
Llh Properties LLC
Flatland Holdings INC
Grant Deed
related
—
Oct 15, 2015
—
Flatland Holdings INC
Danny Skaggs
Venders Lien
$540,000 · Prosperity Bank
Jul 17, 2007
—
Danny Skaggs
Owner Name Unavailable
Grant Deed
related
—
—
—
Danny Skaggs
—
Deed Of Trust
related
$500,000 · American State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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