Restaurant
For Sale
$364,000
1541 John Ben Shepperd Pkwy #2, Odessa, TX 79761
The tenant-occupied restaurant property fronts John Ben Shepperd Parkway in Odessa.
Property Size1,300 SF
Lot Size0.06 Acres
Price / SF$280
Days on Market35
Property Features for 1541 John Ben Shepperd Pkwy #2
General Information
Standard status
Active
Size
1,300 SF
Lot size
0.06 Acres
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,589
Building Details
Building Size
1,300 SF
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
Brix & Co. Realty
(432) 201-1040
Listed By:
Hien Tieu · License #0827004
(432) 254-1688
Source:
Gloriarealestate
Added: Sep 30
Changed: Oct 25
Last Checked: Oct 29 at 10:06PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property at 1541 John Ben Shepperd Pkwy #2 in Odessa contains approximately 1,300 of building space. The building dates to 1980 and occupies approximately .061 acres. A tenant is currently in place.
Key Highlights
- Approximately 1,300 of building space
- Approximately .061 acres
- 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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The tenant-occupied restaurant property fronts John Ben Shepperd Parkway in Odessa.
Where is this conventional restaurant located?
The property is located at 1541 John Ben Shepperd Pkwy #2 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 acres; Built in 1980
