Brick
New
For Sale
$250,000
804 N Hancock Ave, Odessa, TX 79761
Commercial Sale, Odessa, TX
Property Size1,504 SF
Lot Size0.19 Acres
Price / SF$166.22
Days on Market2
Property Features for 804 N Hancock Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
S Williams
Standard status
Active
APN
R100039867
Size
1,504 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
1885
Building Details
Year built
1960
Floors in Building
1
Building materials
Brick
Roof type
Metal
Listing Agency:
Copper Key Realty
(432) 614-6004
Listed By:
Tisha Golden · License #0681633
(432) 438-8963
Added: Oct 8
Last Checked: Oct 9 at 3:06AM
MLS# 175919
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 1,504-square-foot storefront in Odessa was built in 1960. Brick construction and a metal roof define the building, which sits on a 0.193-acre parcel.
The property is at 804 N Hancock Ave, within walking distance of 8th Street. Its storefront format and central Odessa location provide a straightforward setting for retail or other business use.
The property is at 804 N Hancock Ave, within walking distance of 8th Street. Its storefront format and central Odessa location provide a straightforward setting for retail or other business use.
Key Highlights
- 1,504‑square‑foot storefront building
- 0.193‑acre parcel
- Brick construction with a metal roof
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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 - The freestanding retail property includes a metal roof and a compact site suitable for storefront operations.
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: 1,504‑square‑foot storefront building; 0.193‑acre parcel; Brick construction with a metal roof
