Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8444 W University Blvd Odessa, TX 79764
    Back to Search
    Property profile & analytics

    8444 W University Blvd, Odessa, TX 79764

    View on Map
    • Auto shops
    • 2,700 SF
    For Sale
    $625,900
    View Listing →
    Turn Key Oil Change Operation For Sale
    $625,900
    2,700 SF

    Turn Key Oil Change Operation

    Five-bay auto shop on a high-traffic double parcel.

    8444 W University Blvd, Odessa, TX 79764
    View Listing
    Property ID
    US82-5461174
    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

    • Pardue's Oil Change & Services Center / Auto Repair Shop

    Property Details for 8444 W University Blvd

    Year built
    2011
    Property type
    Auto shops
    Property subtype
    Commercial real estate

    Description

    SELLER SAYS SELL!! INCREDIBLE TURN KEY OIL CHANGE OPERATION. 5 BAYS, OFFICE, BATH, OVERSIZED .8035 DOUBLE PARCEL, HIGH TRAFFIC WITH OVER 18,000 CARS PER DAY. 2700 SQFT BUILT 2011 OF COMMERCIAL BUILDING USE. ALL INVENTORY AND PERSONAL ITEMS ARE TO REMAIN AND PASS WITH THE SALE. MINERALS WERE PREVIOUSLY RESERVED. SEPTIC ON SITE, PROPERTY WOULD NEED TO HAVE WATER WELL DRILLED OR CONNECT TO CITY TAP PER OWNER.

    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
    -102.4746145
    Latitude
    31.8475253

    Comparable in this City

    • Contact for pricing
      6,050 SF

      Odessa Industrial Shop on Acre

      Industrial shop on approximately one fenced acre in Odessa.
      2716 Judy Ave, Odessa, TX 79764
      View Details
    • Contact for pricing
      11,223 SF

      Odessa Retail Automotive Property

      Retail automotive property available for sale in Odessa, Texas.
      2763 N County Rd W, Odessa, TX 79764
      View Details
    • $1,850,000
      7,500 SF

      Furnished Office and Mechanic Shop

      Spacious furnished office with mechanic shop and living quarters.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • $619,900
      2,700 SF

      Turnkey Oil Change Operation

      Commercial building with five bays on a high-traffic double parcel.
      8444 W University Blvd, Odessa, TX 79764
      View Details
    • $1,850,000
      7,500 SF

      Spacious Office and Mechanic Shop

      Furnished office with mechanic shop, camp, and large parking.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • Contact for pricing
      7,500 SF

      Spacious Commercial Property with Camp

      Furnished commercial property featuring offices, shop, camp, and parking.
      3670 N Moss Ave, Odessa, TX 79764
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,050 SF

      Odessa Industrial Shop on Acre

      Industrial shop on approximately one fenced acre in Odessa.
      2716 Judy Ave, Odessa, TX 79764
      View Details
    • Contact for pricing
      11,223 SF

      Odessa Retail Automotive Property

      Retail automotive property available for sale in Odessa, Texas.
      2763 N County Rd W, Odessa, TX 79764
      View Details
    • $1,850,000
      7,500 SF

      Furnished Office and Mechanic Shop

      Spacious furnished office with mechanic shop and living quarters.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • Contact for pricing
      7,500 SF

      Spacious Commercial Property with Camp

      Furnished commercial property featuring offices, shop, camp, and parking.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • Contact for pricing

      Odessa Commercial Property For Sale

      Commercial property for sale in Odessa, Texas.
      2763 N County Rd W, Odessa, TX 79764
      View Details
    • $619,900
      2,700 SF

      Turnkey Oil Change Operation

      Commercial building with five bays on a high-traffic double parcel.
      8444 W University Blvd, Odessa, TX 79764
      View Details

    Similar Nearby for Lease

    • $7,800 /Mo
      3,600 SF

      Commercial Space in Odessa, Texas

      Versatile commercial space suitable for retail, showroom, or service operations.
      981 E 87Th St, Odessa, TX 79764
      View Details
    • $13,000 /Mo
      10,100 SF

      Odessa Commercial Flex Space

      Commercial lease with office and shop space in Odessa, TX.
      2107 W 83Rd St, Odessa, TX 79764
      View Details
    • Contact for pricing

      Odessa Industrial Facility with Cranes

      Industrial warehouse with cranes and yard for lease in Odessa.
      4519 Brazos Ave, Odessa, TX 79764
      View Details
    • Contact for pricing
      5,025 SF

      Odessa Warehouse with Crane

      5,025 SF warehouse with crane for lease.
      5012 Wright Ave, Odessa, TX 79764
      View Details
    • $6,250 /Mo
      217,800 SF

      Odessa Industrial Park Land Lease

      Lease lots in Odessa West Industrial Park, various sizes.
      W 42Nd St, Odessa, TX 79764
      View Details
    • $2,366 /Mo
      650 SF

      Office Space in Odessa, TX

      Office units available for lease in Odessa, Texas.
      10700 W 42Nd St, Odessa, TX 79764
      View Details
    View Listing
    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.
    8444 W University Blvd
    Odessa, TX 79764
    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
    8444 W University Blvd, Odessa, TX, 79764
    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!