Move-In Ready Restaurant and Retail
2411 Kermit Hwy Odessa, TX 79761
For Sale
$235,000
COMMERCIAL - Odessa, TX
Property Size1,500 SF
Lot Size0.08 Acres
Price / SF$156.67
Days on Market51
Property Features for 2411 Kermit Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- HIGHLAND PARK, BLOCK 11, LOT 6
- Tax Annual Amount
- 2109
Building Details
- Year built
- 1953
Listing Agency:
Dalton Wade, Inc.
(888) 668-8283
Listed By:
Julianne White
(432) 269-5926
Added: Jun 5
Changed: Jun 27
Last Checked: Jul 25 at 12:06AM
MLS# 50095756
Copyright © 2026 Permian Basin 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 move-in ready commercial building offers approximately 1,500 square feet of versatile storefront space. The property has been freshly upgraded and includes a fully equipped kitchen, supporting a range of food-focused concepts or other commercial uses that require kitchen buildout. Additional features include ample storage space and a zero-scape backyard designed for minimal maintenance.
The building is located directly across from Odessa College, with access that includes rear parking. The site is set up to accommodate customer and staff activity tied to the college community.
For tenants, owners, or operators seeking a turnkey location, the combination of updated interior condition and an operational kitchen can reduce upfront buildout requirements for compatible uses. The space also lends itself to non-kitchen service businesses that benefit from storefront visibility and convenient on-site storage. Rear parking further supports day-to-day operations for staff and deliveries.
The building is located directly across from Odessa College, with access that includes rear parking. The site is set up to accommodate customer and staff activity tied to the college community.
For tenants, owners, or operators seeking a turnkey location, the combination of updated interior condition and an operational kitchen can reduce upfront buildout requirements for compatible uses. The space also lends itself to non-kitchen service businesses that benefit from storefront visibility and convenient on-site storage. Rear parking further supports day-to-day operations for staff and deliveries.
Key Highlights
- 1953‑built 1,500 sq. ft. commercial building across from Odessa College
- Move‑in ready with freshly upgraded interior
- Fully equipped kitchen for flexible business use
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $19.20 |
| − Vacancy | −$2.0k | −$1.34 |
| EGI | $26.8k | $17.86 |
| − OpEx | −$6.7k | −$4.46 |
| NOI | $20.1k | $13.39 |
1,500 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$287.0K
$251.1K – $334.8K
NOI $20,088 @ 7.0% cap · market cap 8.55%
Second Best
Retail
$238.8K
$209.0K – $278.6K
NOI $16,717 @ 7.0% cap · market cap 7.11%
Theoretical Best
Flex RnD
$2.18M
$1.91M – $2.54M
NOI $152,646 @ 7.0% cap · market cap 64.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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- Blooming Rose — 302 E University Blvd, Odessa, TX 79762
FAQs
What type of property is this?
Storefront property - Freshly upgraded storefront building with a fully equipped kitchen and rear parking for food service or office use.
Where is this storefront property located?
The property is located at 2411 Kermit Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1953‑built 1,500 sq. ft. commercial building across from Odessa College; Move‑in ready with freshly upgraded interior; Fully equipped kitchen for flexible business use
