Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
1627 8th St Odessa, TX 79761-4806
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-1703531
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1981
Total area
3,072 SF
Lot
0.41 ac (17,755 SF)
Zoning code
EE2
APN
07000.07555.02000
UPID
US82-1703531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bush's Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Corey Bush · 4 yrs held
Corey Bush
since 2022
7 recorded transactions
Zoning & alternative use
EE2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,065
Tax year 2023
Assessed value
$287,694
Assessed 2023
Previous assessed
$287,694
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$60,548
Assessed improvement
$227,146
Land market value
$60,548
Improvement market value
$227,146
Total market value
$287,694
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1981
Heating
NONE
Total area
3,072 SF
Lot
0.41 ac (17,755 SF)
Zoning code
EE2
APN
07000.07555.02000
UPID
US82-1703531
Jurisdiction
ECTOR
Zoning & alternative use
EE2 · Odessa, TX
Zoning EE2 · permitted uses
EE2 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
Corey Bush
Individual
Mailing address
1 MARAVILLA CIR, ODESSA, TX 79765-2802
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Corey Bush
—
Deed
related
$798,340 · Tfnb-your Bank For Life
Jan 17, 2025
—
Corey Bush
—
Deed
related
$80,850 · Tfnb-your Bank For Life
Apr 11, 2023
—
Corey Bush
—
Deed
related
$220,000 · The First National Bank Of Mercersburg
Mar 10, 2022
—
Corey Bush
Ivonne Moreno
Venders Lien
$585,000 · First National Bank Of Mcgregor
Jun 14, 2021
—
First Natl Bk Of Mcgregory & David
First Natl Bk Of Mvgregor & David L
Correction Deed
related
—
Jun 1, 2021
—
Ivonne Moreno
First National Bank Of Mcgregor
Special Warranty Deed
—
May 16, 2017
—
Tommy Sandlin
—
Deed
related
$100,100 · First National Bank Of Mcgregor
Dec 16, 2014
—
Tommy Sandlin
Finney,deorald & Melodie
Grant Deed
$700,000 · First Nat'l Bk/mcgregor
Dec 31, 2013
—
Deorald Finney
Sandlin,tommy L
Grant Deed
related
—
Feb 17, 2012
—
Finney,deorald & Melodie
Bushs Chicken Odessa INC
Warranty Deed
$340,000 · First St Bk/ctrl Tx
Dec 17, 2010
—
Tommy L Sandlin
Bush Real Estate Ltd
Warranty Deed
$260,000 · Plains Capital Bank
—
—
Deorald Finney
—
Deed Of Trust
related
$352,000 · Central Tx Certified Dev Co
—
—
Deorald Finney
—
Deed Of Trust
related
$340,000 · First State Bank Central Texas
—
—
Deorald Finney
—
Deed Of Trust
related
$425,000 · First State Bank Central Texas
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1627 8th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
