Storefront Retail
804 N Hancock Ave Odessa, TX 79761
For Sale
$250,000
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 Market24
Property Features for 804 N Hancock Ave
General Information
- Standard status
- Active
- Size
- 1,504 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing Agency:
Copper Key Realty
(432) 438-8963
Listed By:
Tisha Golden · License #0681633
(432) 438-8963
Source:
Xome
Added: Jul 1
Changed: Jul 19
Last Checked: Jul 24 at 4:58AM
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 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 For 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 | $26.2k | $17.40 |
| − Vacancy | −$2.2k | −$1.48 |
| EGI | $23.9k | $15.92 |
| − OpEx | −$7.2k | −$4.78 |
| NOI | $16.8k | $11.14 |
1,504 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- West Odessa Florist — 800 W 4th St, Odessa, TX 79763
- Mark Knox Flowers — 1209 E 8th St, Odessa, TX 79761
- Jazmine's Flowers & Gifts — 1116 N Grant Ave, Odessa, TX 79761
- Albertsons Floral — 1350 E 8th St, Odessa, TX 79761
FAQs
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
