Operating Restaurant With
For Sale
$1,500,000
1509 N County Rd W, Odessa, TX 79763
La Esperanza includes the operating business, real estate, furnishings, appliances, and on-site restaurant equipment.
Property Size6,060 SF
Price / SF$247.52
Days on Market51
Property Features for 1509 N County Rd W
General Information
Standard status
Active
Size
6,060 SF
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1965
Listing Agency:
Heritage Real Estate
Listed By:
Alejandro Rodriguez
(432) 888-0655
Source:
Billlanier
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 2:46PM
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 Heritage Real Estate
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Investment Insights
Based on property information with market context.
La Esperanza is an operating restaurant offered with its business, land, building, furniture, fixtures, appliances, and equipment. The property provides 6,060 square feet of restaurant space and was constructed in 1965, giving an incoming owner an established physical operation rather than a vacant shell.
The offering includes the real estate and the restaurant operation together at 1509 N County Rd W in Odessa, Texas. On-site equipment and furnishings are part of the sale, supporting continued restaurant use subject to the buyer’s review and applicable requirements.
The offering includes the real estate and the restaurant operation together at 1509 N County Rd W in Odessa, Texas. On-site equipment and furnishings are part of the sale, supporting continued restaurant use subject to the buyer’s review and applicable requirements.
Key Highlights
- Operating restaurant business included with the real estate
- 6,060 square feet of restaurant space
- Land and building included in the offering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,156
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,120
$1.6M
Cap Rate 7%
$1,159,371
$1.2M
Cap Rate 9%
$901,733
$901.7K
Market Conditions
NOI Build-Up for 6,060 SF
Gross rent
$116.4K $19.20/SF
− Vacancy
−$8.1K −$1.34/SF
EGI
$108.2K $17.86/SF
− OpEx
−$27.1K −$4.46/SF
NOI
$81.2K $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%
$1,623,120
Cap Rate 7%
$1,159,371
Cap Rate 9%
$901,733
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,156 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$8.81M
$7.71M – $10.28M
NOI $616,691 @ 7.0% cap · market cap 41.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - La Esperanza includes the operating business, real estate, furnishings, appliances, and on-site restaurant equipment.
Where is this conventional restaurant located?
The property is located at 1509 N County Rd W Odessa, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Operating restaurant business included with the real estate; 6,060 square feet of restaurant space; Land and building included in the offering
