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    1201 15th Street Ozona, TX 76943

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    Claim this Listing
    For Sale
    $399,900

    COMMERCIAL - Ozona, TX

    Property size:
    10,224 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $39/SF
    Added:
    Jul 4, 2025
    Days on Market:
    308
    Last Refresh:
    May 7 at 3:06 am

    Property Features for 1201 15th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    F1
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    7854
    Size
    10,224 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 2, 3 & 4 BLK 12, CHANDLERDALE ADDN, EL CHATO'S RESTAURANT

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air, Central, Natural Gas, Hot Water(Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1972
    Floors in Building
    1
    Flooring type
    Concrete, Tile
    Building materials
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Malorie Lerma
    Malorie Lerma

    Listing agent Malorie Lerma License #0758613

    Listing office Real Broker, LLC 2626 Cole Ave Suite 300, Dallas, TX

    Listing date Jul 4, 2025

    MLS# 128201

    Copyright © 2026 San Angelo Association 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.

    HighLights

    • Priced below market value with lease option available and $90,000+ worth of equipment & furnishings included.
    • Dual income potential: Operates as a full‑service restaurant with a second rentable space for events, music, or gatherings.
    • Over 10,000 sqft of versatile commercial space with office/owner's suite.
    • Prime frontage visibility on over 21,842 sqft in West Texas oil, gas, and ranching country.
    • High traffic location ideal for travelers, locals, and the workforce.
    • Future redevelopment potential for hotel, gas station, tiny home park, or mechanic shop.

    Overview

    Versatile Commercial Property in Ozona

    This commercial property, located in the heart of West Texas, offers frontage visibility on a lot of over 21,842 square feet. The property includes over 10,000 square feet of versatile space, suitable for dual income streams. One side is equipped for operation as a full-service restaurant, while the other half can be leased out as a venue for private events, live music, or community gatherings. An office or owner's suite is located on the second floor. The property is zoned F1 and lends itself to future redevelopment, with potential for a hotel, gas station, tiny home park, or mechanic shop. Equipment and furnishings valued at over $90,000 are included with the sale. The property is located in Ozona, Texas, and benefits from traffic flow and the energy economy of West Texas. The property is located on 0.501 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Law Firm Big Box & Wholesale Store Pharmacy Restaurant Gym & Fitness Center Kitchen & Bath Showroom Hair Salon

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

    Similar Places Nearby

    • Hitchin Post Steak House — 1301 Sheffield Rd, Ozona, TX 76943

    Location Insight

    • Map
    • Local Demand
    City
    Ozona
    County
    Crockett
    State
    Texas
    Longitude
    -101.207076
    Latitude
    30.704785

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    FAQs

    What type of property is this?
    Restaurant - Prime commercial property with dual income potential in West Texas.
    Where is this restaurant located?
    The property is located at 1201 15th Street Ozona, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Priced below market value with lease option available and **$90,000+ worth of equipment & furnishings included.**; Dual income potential: Operates as a full‑service restaurant with a second rentable space for events, music, or gatherings.; Over 10,000 sqft of versatile commercial space with office/owner's suite.
    (210) 608-5748
    We can help!
    Listing Contact
    Malorie Lerma
    Malorie Lerma
    Real Estate License ID: 0758613
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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