Freestanding Restaurant with Additional
For Sale
$435,000
1306 E 7th St, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size1,440 SF
Lot Size0.21 Acres
Price / SF$302.08
Days on Market148
Property Features for 1306 E 7th St
General Information
Property type
Commercial Sale
Property subtype
Retail
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Subdivision
Royalty Heights
Standard status
Active
APN
100006751
Size
1,440 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
2031
Utilities
Utilities
Cable Available
Building Details
Year built
2001
Floors in Building
1
Building materials
Metal Construction, Metal Siding
Roof type
Flat, Metal
Listing Agency:
Wright Choice Real Estate & Associates LLC
(432) 614-2156
Listed By:
Gloria Wright/ Damien Wright
(432) 352-1926
Added: May 19
Changed: Oct 10
Last Checked: Oct 13 at 8:06PM
MLS# 162453
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 1,440-square-foot full-service restaurant was built in 2001 and features metal construction, metal siding, and a flat metal roof. The property includes an accessible approach with ramp, chain-link fencing, and cable availability. The sale also includes a separate 0.20-acre lot between the restaurant and Church's Chicken.
Located in Odessa near downtown, the property is within distance of local hospitals, the medical district, and surrounding industry-leading businesses. The restaurant is positioned at 1306 E 7th St and offers an established commercial setting for restaurant operations.
Located in Odessa near downtown, the property is within distance of local hospitals, the medical district, and surrounding industry-leading businesses. The restaurant is positioned at 1306 E 7th St and offers an established commercial setting for restaurant operations.
Key Highlights
- 1,440 SF full‑service restaurant
- Sale includes a separate 0.20‑acre lot
- Built in 2001 with metal construction and siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,284
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,680
$385.7K
Cap Rate 7%
$275,486
$275.5K
Cap Rate 9%
$214,267
$214.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$27.6K $19.20/SF
− Vacancy
−$1.9K −$1.34/SF
EGI
$25.7K $17.86/SF
− OpEx
−$6.4K −$4.46/SF
NOI
$19.3K $13.39/SF
Area
Odessa, TX
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,680
Cap Rate 7%
$275,486
Cap Rate 9%
$214,267
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,372
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service restaurant with a separate adjoining lot and accessibility ramp near Odessa’s medical district.
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: 1,440 SF full‑service restaurant; Sale includes a separate 0.20‑acre lot; Built in 2001 with metal construction and siding
