Restaurant
For Sale
$364,000
1541 John Ben Shepperd Pkwy, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size1,300 SF
Lot Size0.06 Acres
Price / SF$280
Days on Market10
Property Features for 1541 John Ben Shepperd Pkwy
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Subdivision
Wedgewood
Standard status
Active
APN
338000180702000
Size
1,300 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1590
Building Details
Year built
1980
Floors in Building
1
Building materials
Glass
Roof type
Flat
Listing Agency:
Brix & Co. Realty
(432) 201-1040
Listed By:
Hien Tieu · License #0827004
(432) 254-1688
Added: Sep 29
Last Checked: Oct 8 at 6:06AM
MLS# 177872
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 restaurant-classified property contains 1,300 square feet on a 0.061-acre parcel. Built in 1980, the building has glass construction materials, a flat roof, and an accessible approach with a ramp.
The property is located at 1541 John Ben Shepperd Pkwy in Odessa, Texas. Tenant and lease information indicates an expired lease in 2027.
The property is located at 1541 John Ben Shepperd Pkwy in Odessa, Texas. Tenant and lease information indicates an expired lease in 2027.
Key Highlights
- 1,300‑square‑foot building on 0.061 acres
- Built in 1980
- Glass construction materials and a flat roof
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
Retail
$207.0K
$181.1K – $241.5K
NOI $14,488 @ 7.0% cap · market cap 3.98%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A glass-fronted commercial building includes a ramped accessible approach and a flat roof.
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: 1,300‑square‑foot building on 0.061 acres; Built in 1980; Glass construction materials and a flat roof
