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$1,139,392

NAL Estimated Property Value

415 N Grant Ave, Odessa, TX, 79761

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths16,000 Sq Ft
price_per_sqft$56.19 / sqft
Year BuiltBuilt in 1948

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12,249 sqft

Building Information

Year Built1948

Land Information

APN22000.01435.00000
Lot Number8-11
SubdivisionOriginal Town
Land UseCommercial
Legal DescriptionORIGINAL TOWN BLOCK 27 LOTS 8-10 & S/2 OF LOT 11 DBA ROSE BUILDING EVENT CENTER
Census Tract003100
Assessed Land Value$54,386
Assessed Improvement Value$1,085,006
Assessment Year2025

About this property

HISTORIC RESTORED BUILDING IN DOWNTOWN. Large event center and 20 offices with fully equipped venue. Seating for 250 persons. Vault is still intact from First National Bank back in the 40's. Now is a perfect time to have a historical building in downtown. Call for your private tour today.

Investor Tools

Property Icon
$1,139,392
Estimated Property Value
$1,026,623Estimated Mortgage Balance
$114,694Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,836 /month
Positive
Cash Flow Estimate:
$2,279 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,339/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,367
$1,139,392
2025
$54,386
$1,085,006
$1,139,392
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,367
$1,139,392

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John Walter Enterprises Inc
Purchase Money Mortgage
$1,120,000
No
First
Nov 26, 2021
Dec 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,026,623
$112,769
9%
90%
$6,715/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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415 N Grant Ave | Property Details | No Agent List