Mixed-Use Property with
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 Market116
Property Features for 5011 E Hammett Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced, Chain Link
Appliances
Individual AC Units, Individual Heating Units, Central Hot Water
Subdivision
Martin n Boan
Lot features
Corner Lot
Standard status
Active
APN
18400.00880.02100
Size
5,400 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
9999999
Utilities
Sewer type
Private Sewer
Amenities
TVs
turf
pool tables
heating/cooling
lighting
laundry
garage
Building Details
Year built
2023
Floors in Building
2
Building materials
Metal Construction, Metal Siding, Metal Studs
Roof type
Metal
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 349-7000
Listed By:
Chris Beckett · License #0439538
(512) 796-4340
Added: Jun 15
Changed: Sep 13
Last Checked: Oct 8 at 6:06AM
MLS# 167638
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines a residence, bar, and small convenience store within a 5,400-square-foot improvement on 0.34 acres. Built in 2023, the property uses metal construction with metal siding, metal studs, and a metal roof. The residence includes three bedrooms, one bathroom, laundry space, a full kitchen, and a garage or additional living area.
The bar component includes a patio, screened-in outdoor area, televisions, pool tables, bathrooms, turf, lighting, and heating and cooling equipment. The convenience-store portion is configured to serve the surrounding community, with permits stated to be in place. Site improvements include chain-link fencing, private sewer, individual AC units, individual heating units, and central hot water.
The bar component includes a patio, screened-in outdoor area, televisions, pool tables, bathrooms, turf, lighting, and heating and cooling equipment. The convenience-store portion is configured to serve the surrounding community, with permits stated to be in place. Site improvements include chain-link fencing, private sewer, individual AC units, individual heating units, and central hot water.
Key Highlights
- 5,400‑square‑foot mixed‑use property on 0.34 acres
- Built in 2023 with metal construction and metal roof
- Includes a three‑bedroom, one‑bath residence with laundry and full kitchen
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.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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
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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?
Mixed-use property - Combined residential, bar, and convenience-store improvements with customer patio and on-site operational features.
Where is this mixed-use property 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: 5,400‑square‑foot mixed‑use property on 0.34 acres; Built in 2023 with metal construction and metal roof; Includes a three‑bedroom, one‑bath residence with laundry and full kitchen
