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$2,200,000

1512 N Grandview Ave, Odessa, TX, 79761

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths24,000 Sq Ft
price_per_sqft$91.67 / sqft
Year BuiltBuilt in 1976

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
AppliancesIndividual AC Units

Exterior

Lot Size42,384 sqft

Building Information

Year Built1976

Land Information

APN07000.05708.00000
Lot Number1-2
SubdivisionCrescent Park
Land UseCommercial
Legal DescriptionCRESCENT PARK BLOCK 87 LOTS 1-2 N 229.35 X 20 ALLEY ABUTTING
Census Tract001700
Assessed Land Value$162,327
Assessed Improvement Value$1,322,056
Assessment Year2025

About this property

Unlock the potential of this commercial property primed for repositioning and income production. This property offers a solid foundation and excellent upside for investors or owner-operators willing to complete improvements and bring it to full market performance. With the right updates and finishing touches, this asset can quickly transition into a cash-flowing rental. Ideal for retail, office or service-based businesses. High visibility enhance its long-term income potential. Call NOW!!

Investor Tools

$0Estimated Mortgage Balance
$1,484,383Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,200 /month
Positive
Cash Flow Estimate:
$4,400 /month

Interested in this property?

Armando Castillo

Midessa Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,067/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$29,381
$1,484,383
2025
$162,327
$1,322,056
$1,484,383
No

Tax History

Year
Tax Paid
Assessed Value
2024
$29,381
$1,484,383

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,484,383
100%
0%
$0/mo

City: Odessa