Retail Storefront for
For Sale
$250,000
804 N Hancock Ave, Odessa, TX 79761
SINGLE_FAMILY - Odessa, TX
Property Size1,504 SF
Lot Size0.19 Acres
Price / SF$166.22
Days on Market29
Property Features for 804 N Hancock Ave
General Information
Property type
Residential
Property subtype
Retail
Subdivision
S Williams
Standard status
Active
APN
R100039867
Size
1,504 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
1885
Building Details
Year built
1960
Floors in Building
1
Building materials
Brick
Roof type
Metal
Listing Agency:
Copper Key Realty
(432) 614-6004
Listed By:
Tisha Golden · License #0681633
(432) 438-8963
Added: Jul 2
Last Checked: Jul 30 at 7:06PM
MLS# 175919
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 retail storefront totals 1,504 square feet and sits on a 0.193-acre lot. The property is positioned as a flexible “canvas,” giving a new owner the chance to tailor the space to a retail or business concept.
The asset is located at 804 N Hancock Ave in Odessa, Texas (Ector County), and is described as being within walking distance to 8th Street. That walkable proximity can be helpful for tenants seeking direct access from nearby foot traffic.
Because the current space is presented as adaptable, this property may suit an owner-operator or investor looking for a straightforward retail footprint that can be customized to fit their intended use. Buyers should evaluate the property’s existing layout and improvements onsite to confirm final fit for their business plans.
The asset is located at 804 N Hancock Ave in Odessa, Texas (Ector County), and is described as being within walking distance to 8th Street. That walkable proximity can be helpful for tenants seeking direct access from nearby foot traffic.
Because the current space is presented as adaptable, this property may suit an owner-operator or investor looking for a straightforward retail footprint that can be customized to fit their intended use. Buyers should evaluate the property’s existing layout and improvements onsite to confirm final fit for their business plans.
Key Highlights
- Brick construction building with a metal roof
- Built in 1960
- Walking distance to 8th Street
Financial Insights For 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 | $26.2k | $17.40 |
| − Vacancy | −$2.2k | −$1.48 |
| EGI | $23.9k | $15.92 |
| − OpEx | −$7.2k | −$4.78 |
| NOI | $16.8k | $11.14 |
1,504 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$239.5K
$209.5K – $279.4K
NOI $16,762 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.19M
$1.91M – $2.55M
NOI $153,053 @ 7.0% cap · market cap 61.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Balanced
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.
Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
- Mark Knox Flowers — 1209 E 8th St, Odessa, TX 79761
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
- Albertsons Floral — 1350 E 8th St, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront with room to customize, located within walking distance to 8th Street in Odessa.
Where is this storefront property located?
The property is located at 804 N Hancock Ave Odessa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Brick construction building with a metal roof; Built in 1960; Walking distance to 8th Street
