Storefront Retail
For Sale
$250,000
804 N Hancock Ave, Odessa, TX 79761
For sale retail storefront property in Odessa, TX with 1,504 sq. ft. of usable space.
Property Size1,504 SF
Price / SF$166.22
Days on Market105
Property Features for 804 N Hancock Ave
General Information
Standard status
Active
Size
1,504 SF
Building Details
Year Built
1960
Listing Agency:
Copper Key Realty
Listed By:
Tisha Golden · License #0681633
(432) 438-8963
Source:
Hauspg
Added: Jul 18
Changed: Oct 25
Last Checked: Oct 7 at 1:24PM
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 for-sale storefront retail property provides 1,504 sq. ft. of space configured for retail use. As a storefront-style asset, it is suited for businesses that benefit from a direct street-facing presence.
The property is located at 804 N Hancock Ave in Odessa, Texas.
The property is located at 804 N Hancock Ave in Odessa, Texas.
Key Highlights
- Retail storefront property in Odessa, TX
- 1,504 sq. ft. of usable space
- Year built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,762
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,240
$335.2K
Cap Rate 7%
$239,457
$239.5K
Cap Rate 9%
$186,244
$186.2K
Market Conditions
NOI Build-Up for 1,504 SF
Gross rent
$26.2K $17.40/SF
− Vacancy
−$2.2K −$1.48/SF
EGI
$23.9K $15.92/SF
− OpEx
−$7.2K −$4.78/SF
NOI
$16.8K $11.14/SF
Area
Odessa, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,240
Cap Rate 7%
$239,457
Cap Rate 9%
$186,244
Alternative Uses
Best Use
Retail
$239.5K
$209.5K – $279.4K
NOI $16,762 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.19M
$1.91M – $2.55M
NOI $153,053 @ 7.0% cap · market cap 61.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,928
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
- Mark Knox Flowers — 1209 E 8th St, Odessa, TX 79761
- Albertsons Floral — 1350 E 8th St, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property in Odessa, TX with 1,504 sq. ft. of usable space.
Where is this storefront property located?
The property is located at 804 N Hancock Ave Odessa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Retail storefront property in Odessa, TX; 1,504 sq. ft. of usable space; Year built: 1960
