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Bar and Convenience Store with Residence

5011 E Hammett Dr Odessa, TX 79766

5011 E Hammett Dr, Odessa, TX, 79766
$899,900
For Sale
Claim this Listing
$899,900

COMMERCIAL - Odessa, TX

Property Size5,400 SF
Lot Size0.34 Acres
Price / SF$166.65
AddedJun 15
Days on Market31
Last RefreshJul 15 at 1:06 am

Property Features for 5011 E Hammett Dr

General Information

Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced, Chain Link
Appliances
Individual AC Units, Individual Heating Units, Central Hot Water
Standard status
Active
APN
18400.00880.02100
Size
5,400 SF
Lot size
0.34 Acres

Taxes and HOA fees

Tax Annual Amount
9999999

Utilities

Sewer type
Private Sewer

Building Details

Year built
2023
Floors in Building
2
Building materials
Metal Construction, Metal Siding, Metal Studs
Roof type
Metal

Listing agent Chris Beckett License #0439538

Listing office Pine & Beckett - Chris Beckett 4400 N big spring st. Suite E-100, MIDLAND, TX

Listing date Jun 15, 2026

MLS# 167638

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 for-sale property combines an on-site residence with a turn-key bar and a small convenience store. The bar area and patio are described as ready to operate, featuring TVs, turf, pool tables, heating and cooling, and lighting, along with a screened-in patio and baths. The store is presented as fully stocked/ready to serve the community, and the listing states that all permits are in place. The residence is a barn-style home with three bedrooms, one bathroom, laundry, a garage or additional living room, and a full kitchen.

Located at 5011 E Hammett Dr in Odessa, TX (Ector County), the property is offered on a 0.34-acre lot with approximately 5,400 square feet of building area, according to the listing details.

Key Highlights

  • 2023 metal construction bar, small convenience store, and 3 bed/1 bath barndominium
  • Metal roof with metal siding and metal studs
  • Individual A/C units and individual heating units, plus central hot water

Local 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 $103.7k $19.20
− Vacancy −$7.3k −$1.34
EGI $96.4k $17.86
− OpEx −$24.1k −$4.46
NOI $72.3k $13.39
5,400 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.03M
$904.0K – $1.21M (±1% cap)
NOI $72,317 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$859.7K
$752.3K – $1.00M (±1% cap)
NOI $60,181 @ 7.0% cap · market cap 6.69%
Theoretical Best
Flex RnD
$7.85M
$6.87M – $9.16M (±1% cap)
NOI $549,527 @ 7.0% cap · market cap 61.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Bar & Pub - Almost-new 2024 build combines a bar, convenience store, screened patio, and a 3-bed, 1-bath residence.
Where is this bar & pub located?
The property is located at 5011 E Hammett Dr Odessa, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2023 metal construction bar, small convenience store, and 3 bed/1 bath barndominium; Metal roof with metal siding and metal studs; Individual A/C units and individual heating units, plus central hot water
Contact an agent
More about this property
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