Restaurant
New
For Sale
$364,000
1541 John Ben Shepperd Pkwy, Odessa, TX 79761
An existing tenant occupies this restaurant property.
Property Size1,300 SF
Lot Size0.06 Acres
Price / SF$280
Days on Market7
Property Features for 1541 John Ben Shepperd Pkwy
General Information
Standard status
Active
Size
1,300 SF
Lot size
0.06 Acres
Building Details
Year Built
1980
Listing Agency:
Brix & Co. Realty
Listed By:
Hien Tieu · License #0827004
(432) 254-1688
Source:
Raftercrossrealty
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 4:32PM
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 Brix & Co. Realty
Investment Insights
Based on property information with market context.
This restaurant property at 1541 John Ben Shepperd Pkwy in Odessa includes approximately 1,300 of building space on approximately .061 acres. The building dates to 1980, and a tenant is currently in place.
Key Highlights
- Approximately 1,300 of building space
- Approximately .061‑acre property
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,410
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,200
$348.2K
Cap Rate 7%
$248,714
$248.7K
Cap Rate 9%
$193,444
$193.4K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$25.0K $19.20/SF
− Vacancy
−$1.7K −$1.34/SF
EGI
$23.2K $17.86/SF
− OpEx
−$5.8K −$4.46/SF
NOI
$17.4K $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%
$348,200
Cap Rate 7%
$248,714
Cap Rate 9%
$193,444
Alternative Uses
Best Use
Specialty Retail
$248.7K
$217.6K – $290.2K
NOI $17,410 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.89M
$1.65M – $2.20M
NOI $132,294 @ 7.0% cap · market cap 36.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
523
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
View Realmo Analytics
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 - An existing tenant occupies this restaurant property.
Where is this conventional restaurant located?
The property is located at 1541 John Ben Shepperd Pkwy Odessa, TX.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: Approximately 1,300 of building space; Approximately .061‑acre property; Built in 1980
