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$96,522

NAL Estimated Property Value

406 S Jackson Ave, Odessa, TX, 79761

$125,479 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths1,440 Sq Ft
price_per_sqft$2.78 / sqft
Year BuiltBuilt in 1981

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size25,199 sqft

Building Information

Year Built1981

Land Information

APN05200.02430.00000
Lot Number1-5
SubdivisionCannondale
Land UseCommercial
Legal DescriptionCANNONDALE BLOCK 23 LOTS 1-5
Census Tract001900
Assessed Land Value$21,420
Assessed Improvement Value$75,102
Assessment Year2025

About this property

Great opportunity to run your very own party venue1! Tables and chairs included. Has a kitchen set up with bar and storeroom. Also has the city requirements to run your business. This establishment would also make for a great restaurant. Lease only!! $4,000 month $4,000 deposit tenant to pay taxes and insurance.

Investor Tools

Property Icon
$96,522
Estimated Property Value
$86,094Estimated Mortgage Balance
$10,428Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$125,479
Rent-to-Value Ratio: 0.72%
Rent Estimate
$579 /month
Positive
Cash Flow Estimate:
$193 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,034
$96,522
2025
$21,420
$75,102
$96,522
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,034
$96,522

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Momentum Bank
Commercial
$99,169
No
First
Sep 23, 2019
Sep 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,094
$10,428
10%
89%
$595/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odessa

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406 S Jackson Ave | Property Details | No Agent List