Turnkey Restaurant
For Sale
$429,000
615 N Sam Houston Ave, Odessa, TX 79761
Ready-to-go restaurant available for sale, positioned near medical and professional businesses.
Property Size2,924 SF
Price / SF$146.72
Days on Market11
Property Features for 615 N Sam Houston Ave
General Information
Standard status
Active
Size
2,924 SF
Building Details
Year Built
1966
Listing Agency:
Copper Key Realty
(432) 349-4494
Listed By:
John Herriage · License #TX637325
Source:
Billlanier
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 29 at 9:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Copper Key Realty
Investment Insights
Based on property information with market context.
This ready-to-go restaurant is available for sale, presented as a turnkey opportunity for a new operator. The property is sized at 2,924 square feet and is described in the remarks as prepared for immediate use.
The restaurant is located at 615 N Sam Houston Ave in Odessa, Texas, and the seller states it is about three blocks from medical offices and other professional businesses.
If you’re looking for an existing restaurant setup rather than starting from scratch, this is a straightforward option to review in person.
The restaurant is located at 615 N Sam Houston Ave in Odessa, Texas, and the seller states it is about three blocks from medical offices and other professional businesses.
If you’re looking for an existing restaurant setup rather than starting from scratch, this is a straightforward option to review in person.
Key Highlights
- Ready‑to‑go restaurant available for sale
- Located 3 blocks from medical offices and other professional businesses
- Year built: 1966
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 | $56.1k | $19.20 |
| − Vacancy | −$3.9k | −$1.34 |
| EGI | $52.2k | $17.86 |
| − OpEx | −$13.1k | −$4.46 |
| NOI | $39.2k | $13.39 |
2,924 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$559.4K
$489.5K – $652.6K
NOI $39,158 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.25M
$3.72M – $4.96M
NOI $297,559 @ 7.0% cap · market cap 69.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,860
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 - Ready-to-go restaurant available for sale, positioned near medical and professional businesses.
Where is this conventional restaurant located?
The property is located at 615 N Sam Houston Ave Odessa, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Ready‑to‑go restaurant available for sale; Located 3 blocks from medical offices and other professional businesses; Year built: 1966
