Turnkey Restaurant
For Sale
$429,000
615 N Sam Houston Ave, Odessa, TX 79761
Ready-to-go restaurant available for sale, positioned near medical and professional businesses.
Property Size2,924 SF
Price / SF$146.72
Days on Market98
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
Listed By:
John Herriage · License #TX637325
(432) 349-4494
Source:
Billlanier
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 7 at 4:18PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,158
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,160
$783.2K
Cap Rate 7%
$559,400
$559.4K
Cap Rate 9%
$435,089
$435.1K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$56.1K $19.20/SF
− Vacancy
−$3.9K −$1.34/SF
EGI
$52.2K $17.86/SF
− OpEx
−$13.1K −$4.46/SF
NOI
$39.2K $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%
$783,160
Cap Rate 7%
$559,400
Cap Rate 9%
$435,089
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
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
Frequently Asked Questions
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
