Restaurant Opportunity in High-Traffic
For Sale
$435,000
1306 E 7th St, Odessa, TX 79761
SINGLE_FAMILY - Odessa, TX
Property Size1,440 SF
Lot Size0.21 Acres
Price / SF$302.08
Days on Market79
Property Features for 1306 E 7th St
General Information
Property type
Residential
Property subtype
Retail
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Subdivision
Royalty Heights
Standard status
Active
APN
100006751
Size
1,440 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
2031
Utilities
Utilities
Cable Available
Building Details
Year built
2001
Floors in Building
1
Building materials
Metal Construction, Metal Siding
Roof type
Metal, Flat
Listing Agency:
Wright Choice Real Estate & Associates LLC
(432) 614-2156
Listed By:
Gloria Wright/ Damien Wright
(432) 352-1926
Added: May 19
Changed: Jul 9
Last Checked: Aug 5 at 7:06PM
MLS# 162453
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This full-service restaurant is available for sale, offering high traffic visibility and exposure. The property is located within proximity to local hospitals, the medical district, and surrounding industry-leading businesses. The sale includes a 0.20-acre lot adjacent to the property. The property size is 1,440 square feet and the lot size is 0.21 acres. The property is located in Odessa, Texas, specifically at 1306 E 7th St, 79761, in Ector County. The owner may also consider a leasing opportunity.
Key Highlights
- Income‑producing full service restaurant
- Construction: metal construction with metal siding
- Metal and flat roof
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $19.20 |
| − Vacancy | −$1.9k | −$1.34 |
| EGI | $25.7k | $17.86 |
| − OpEx | −$6.4k | −$4.46 |
| NOI | $19.3k | $13.39 |
1,440 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$275.5K
$241.1K – $321.4K
NOI $19,284 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,541 @ 7.0% cap · market cap 33.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service restaurant for sale with high visibility and exposure.
Where is this conventional restaurant located?
The property is located at 1306 E 7th St Odessa, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Income‑producing full service restaurant; Construction: metal construction with metal siding; Metal and flat roof
