Full-Service Restaurant With
For Sale
$435,000
1306 E 7th St, Odessa, TX 79761
Full-service restaurant offered for sale with high visibility and exposure plus an included adjacent lot.
Property Size1,440 SF
Lot Size0.20 Acres
Price / SF$302.08
Days on Market17
Property Features for 1306 E 7th St
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.20 Acres
Lease Type
Gross
Additional Details
Business Included
Yes
Building Details
Year Built
2001
Listing Agency:
Wright Choice Real Estate & Associates LLC
(432) 352-1926
Listed By:
Gloria Wright/ Damien Wright
Source:
Billlanier
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 5 at 11:10AM
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 Wright Choice Real Estate & Associates LLC
Investment Insights
Based on property information with market context.
This for-sale full-service restaurant is positioned for strong visibility and exposure, and is presented as an income-producing business. The offering also includes a 0.20 lot between the property and Church’s chicken.
The property is described as accessible to downtown and located within distance of local hospitals and the medical district, with surrounding industry-leading businesses.
Owner is also open to a leasing opportunity.
The property is described as accessible to downtown and located within distance of local hospitals and the medical district, with surrounding industry-leading businesses.
Owner is also open to a leasing opportunity.
Key Highlights
- Full‑service restaurant built in 2001
- Income‑producing restaurant offered for sale
- Sale includes an adjacent lot (0.20) between the property and Church's Chicken
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
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service restaurant offered for sale with high visibility and exposure plus an included adjacent lot.
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: Full‑service restaurant built in 2001; Income‑producing restaurant offered for sale; Sale includes an adjacent lot (0.20) between the property and Church's Chicken
