Bar and Convenience Store
For Sale
$899,900
5011 E Hammett Dr, Odessa, TX 79766
Commercial Sale, Odessa, TX
Property Size5,400 SF
Lot Size0.34 Acres
Price / SF$166.65
Days on Market230
Property Features for 5011 E Hammett Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Martin n Boan
Standard status
Active
Size
5,400 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
MARTIN & BOAN SUBDIVISION BLOCK 3 SOUTH 74 FT OF THE W 1/2 OF LOT 24
Tax Annual Amount
9999999
Legal Description
MARTIN & BOAN SUBDIVISION BLOCK 3 SOUTH 74 FT OF THE W 1/2 OF LOT 24
Building Details
Year built
2023
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 686-7000
Listed By:
Chris Beckett Broker Owner CRS GRI ASR e-Pro
(432) 349-7000
Added: Feb 25
Changed: Oct 5
Last Checked: Oct 13 at 8:06PM
MLS# 50091129
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 offering combines a bar and small convenience store with a 3-bedroom, 1-bath barndominium. The residence includes laundry and a full kitchen, along with a garage or living room configuration. The bar and patio are described as turn-key and include TVs, turf, baths, and a screened-in patio, with pool tables also provided. Heating and cooling and lighting are included as part of the operating improvements.
Located at 5011 E Hammett Dr in Odessa, Texas (Ector County), the property is presented as a newer build from 2024 and is listed at 5,400 square feet with a 0.34-acre lot. Public remarks also indicate all necessary permits are in place and that the store is equipped with items necessary for community use.
For an owner-operator or a buyer looking for one-site operation, the layout supports both hospitality and retail activity alongside on-site living. With the bar and patio delivered as turn-key and the convenience store positioned to serve daily needs, this property may fit well for operators who want immediate functionality rather than start-up buildout.
Located at 5011 E Hammett Dr in Odessa, Texas (Ector County), the property is presented as a newer build from 2024 and is listed at 5,400 square feet with a 0.34-acre lot. Public remarks also indicate all necessary permits are in place and that the store is equipped with items necessary for community use.
For an owner-operator or a buyer looking for one-site operation, the layout supports both hospitality and retail activity alongside on-site living. With the bar and patio delivered as turn-key and the convenience store positioned to serve daily needs, this property may fit well for operators who want immediate functionality rather than start-up buildout.
Key Highlights
- Turnkey bar and convenience store with residence ready for you.
- Almost new construction (2023/2024).
- High traffic location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,317
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,340
$1.4M
Cap Rate 7%
$1,033,100
$1.0M
Cap Rate 9%
$803,522
$803.5K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$103.7K $19.20/SF
− Vacancy
−$7.3K −$1.34/SF
EGI
$96.4K $17.86/SF
− OpEx
−$24.1K −$4.46/SF
NOI
$72.3K $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%
$1,446,340
Cap Rate 7%
$1,033,100
Cap Rate 9%
$803,522
Alternative Uses
Best Use
Specialty Retail
$1.03M
$904.0K – $1.21M
NOI $72,317 @ 7.0% cap · market cap 8.04%
Second Best
Mixed Use
$974.0K
$852.3K – $1.14M
NOI $68,182 @ 7.0% cap · market cap 7.58%
Theoretical Best
Flex RnD
$7.85M
$6.87M – $9.16M
NOI $549,527 @ 7.0% cap · market cap 61.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79766, TX
9,688
Population
3,516
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
58%
High-School Grad
305.0 sq mi
ZIP Area
32
Density / Sq Mi
$70,965
Median Household Income
$41,913
Median Earnings
$1,100
Median Rent
$151,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Newer bar, screened patio, and convenience store plus a 3-bedroom barndominium—built for turnkey everyday operations.
Where is this grocery and convenience store located?
The property is located at 5011 E Hammett Dr Odessa, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Turnkey bar and convenience store with residence ready for you.; Almost new construction (2023/2024).; High traffic location.
