Turnkey Restaurant
615 N Sam Houston Ave Odessa, TX 79761
New
615 N Sam Houston Ave, Odessa, TX, 79761
$429,000
For Sale
$429,000
Ready-to-go restaurant available for sale, positioned near medical and professional businesses.
Property Size2,924 SF
Price / SF$146.72
Days on Market3
Property Features for 615 N Sam Houston Ave
General Information
- Standard status
- Active
- Size
- 2,924 SF
Building Details
- Year Built
- 1966
Listing agency
Copper Key Realty
(432) 349-4494
Listed by
John Herriage · License #TX637325
Source
Billlanier
Added: Jul 20 Updated: Jul 21 at 6:21AM Checked: Jul 22 at 4:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Copper Key Realty
Investment Insights
Based on property information with market context.
This ready-to-go restaurant is available for sale, presented as a turnkey opportunity for a new operator. The property is sized at 2,924 square feet and is described in the remarks as prepared for immediate use.
The restaurant is located at 615 N Sam Houston Ave in Odessa, Texas, and the seller states it is about three blocks from medical offices and other professional businesses.
If you’re looking for an existing restaurant setup rather than starting from scratch, this is a straightforward option to review in person.
The restaurant is located at 615 N Sam Houston Ave in Odessa, Texas, and the seller states it is about three blocks from medical offices and other professional businesses.
If you’re looking for an existing restaurant setup rather than starting from scratch, this is a straightforward option to review in person.
Key Highlights
- Ready‑to‑go restaurant available for sale
- Located 3 blocks from medical offices and other professional businesses
- Year built: 1966
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 | $56.1k | $19.20 |
| − Vacancy | −$3.9k | −$1.34 |
| EGI | $52.2k | $17.86 |
| − OpEx | −$13.1k | −$4.46 |
| NOI | $39.2k | $13.39 |
2,924 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$559.4K
$489.5K – $652.6K
NOI $39,158 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.25M
$3.72M – $4.96M
NOI $297,559 @ 7.0% cap · market cap 69.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rooster's Diner
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Ready-to-go restaurant available for sale, positioned near medical and professional businesses.
Where is this conventional restaurant located?
The property is located at 615 N Sam Houston Ave Odessa, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Ready‑to‑go restaurant available for sale; Located 3 blocks from medical offices and other professional businesses; Year built: 1966
