Building Details

Year built 1966

Building materials Glass, Stucco, Vinyl Siding

Roof type Composition

Listing Agency: Copper Key Realty k***@allcityaustin.com Show Phone

Listed By: John Herriage · License #TX637325 Show Phone

Added: Jul 16 Changed: Oct 8 Last Checked: Oct 9 at 2:06AM

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MLS# 153555

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 restaurant property contains 2924 square feet on a 0.21-acre parcel. Built in 1966, the building has glass, stucco, and vinyl siding, a composition roof, and an accessible approach with a ramp. The site is fenced, and cable service is available.

Medical practices and other professional firms are located three blocks from the property.

Key Highlights

• 2,924 square feet on a 0.21‑acre lot
• Medical offices and professional businesses are three blocks away
• Accessible approach with ramp

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 (±1% cap)

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 (±1% cap)

NOI $297,559 @ 7.0% cap · market cap 69.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Rooster's Diner Restaurant

Suggested Use

Top Pick Dental Office Real Estate Agency Garden Center Skin Care Clinic Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,789

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this breakfast & diners located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Breakfast & diner - Medical practices and other professional firms are three blocks away.

Where is this breakfast & diner 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: 2,924 square feet on a 0.21‑acre lot; Medical offices and professional businesses are three blocks away; Accessible approach with ramp