5011 E Hammett Dr, Odessa, TX 79766
- Added:
- Feb 25, 2026
- Days on Market:
- 134
- Last Refresh:
- Jul 9 at 2:06 am
Property Features for 5011 E Hammett Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
Building Details
- Year built
- 2023
Listing agent Chris Beckett Broker Owner CRS GRI ASR e-Pro (432) 349-7000
Listing office Pine & Beckett - Chris Beckett 4400 N BIG SPRING ST. STE E-100, Austin, TX (432) 686-7000
Listing date Feb 25, 2026
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.
HighLights
- Turnkey bar and convenience store with residence ready for you.
- Almost new construction (2023/2024).
- High traffic location.
- Barndo residence with 3 beds, 1 bath, full kitchen, laundry, and garage/living room.
- Turnkey bar featuring a patio, TVs, turf, baths, screened‑in patio, pool tables, heating/cooling, and lighting.
- Convenience store with all necessary permits in place.
Overview
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.
Local 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 | $103.7k | $19.20 |
| − Vacancy | −$7.3k | −$1.34 |
| EGI | $96.4k | $17.86 |
| − OpEx | −$24.1k | −$4.46 |
| NOI | $72.3k | $13.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.3034584
- Latitude
- 31.8259121
