Restaurant with Cooking
New
For Sale
$180,000
4740 W University Blvd, Odessa, TX 79764
Commercial Sale, Odessa, TX
Property Size864 SF
Lot Size0.48 Acres
Price / SF$208.33
Days on Market1
Property Features for 4740 W University Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Subdivision
43-T2S
Standard status
Active
APN
42660.000096.00000
Size
864 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Annual Amount
838
Utilities
Sewer type
Private Sewer
Building Details
Year built
2003
Floors in Building
1
Building materials
Wood Construction
Roof type
Metal
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Tammy New
(432) 559-4850
Added: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 178385
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.
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Investment Insights
Based on property information with market context.
The 864-square-foot restaurant property includes two large pits, fryers, warmers, refrigerators, tables, chairs, and cookware. Built in 2003, the structure has wood construction and a metal roof. The 0.475-acre parcel is fenced and served by a private sewer system.
Located at 4740 W University Blvd in Odessa, the property is offered for sale.
Located at 4740 W University Blvd in Odessa, the property is offered for sale.
Key Highlights
- 864‑square‑foot restaurant property on a 0.475‑acre parcel
- Two large pits, fryers, warmers, refrigerators, tables, chairs, and cookware included
- Built in 2003 with wood construction and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,571
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,420
$231.4K
Cap Rate 7%
$165,300
$165.3K
Cap Rate 9%
$128,567
$128.6K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$16.6K $19.20/SF
− Vacancy
−$1.2K −$1.34/SF
EGI
$15.4K $17.86/SF
− OpEx
−$3.9K −$4.46/SF
NOI
$11.6K $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%
$231,420
Cap Rate 7%
$165,300
Cap Rate 9%
$128,567
Alternative Uses
Best Use
Specialty Retail
$165.3K
$144.6K – $192.9K
NOI $11,571 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,924 @ 7.0% cap · market cap 48.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - On-site restaurant equipment includes cooking, refrigeration, warming, and dining furnishings.
Where is this conventional restaurant located?
The property is located at 4740 W University Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 864‑square‑foot restaurant property on a 0.475‑acre parcel; Two large pits, fryers, warmers, refrigerators, tables, chairs, and cookware included; Built in 2003 with wood construction and a metal roof
