Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5901 Golder Ave Odessa, TX 79764-3546

    • Turn key restaurants
    • 1,088 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Nov 06, 2023
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4755437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 5901 Golder Ave

    Year built
    1960
    Lot size
    0.58 lot acres
    Property size
    1,088 SF
    Zone code
    EA5
    Property type
    Turn key restaurants
    APN
    11300.00640.00000
    APU
    113000064000000

    Description

    This exceptional 1,748 square foot quick-service restaurant/restaurant property is available for $375,000. Located at 5901 N Golder Ave, Odessa, TX 79764, this single-story building sits on a 0.58-acre lot. Built in 1960 and extensively renovated in 2024, the property is move-in ready with an occupancy date of August 19, 2024. Its prime location on a highly trafficked road offers excellent visibility and accessibility. The property benefits from its proximity to the Ector County Coliseum, ensuring a consistent flow of potential customers. The asking price of $375,000 translates to $214.53 per square foot. Owner financing is available, making this an attractive investment opportunity for qualified buyers. This turnkey operation presents a unique chance to acquire a well-maintained, updated restaurant in a thriving location. The property is ready for immediate operation, eliminating the need for extensive renovations or upgrades. Don't miss this chance to own a successful business in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.399
    Latitude
    31.8975
    CBSA code
    36220
    CBSA name
    ODESSA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $793
    $21,310
    $27,491
    $48,801
    -
    $21,310
    $27,491
    $48,801

    Comparable in this City

    • Value Estimation
      $265,000
      864 SF

      4740 University Blvd

      RESTAURANT • 864 SF
      4740 University Blvd, Odessa, TX 79764-7224
      View Details
    • Value Estimation
      $265,000
      1,584 SF

      10532 University Blvd

      RESTAURANT • 1,584 SF
      10532 University Blvd, Odessa, TX 79764-9001
      View Details
    • Value Estimation
      $265,000
      1,600 SF

      2911 Fm 1936

      RESTAURANT • 1,600 SF
      2911 Fm 1936, Odessa, TX 79764-8502
      View Details
    • Value Estimation
      $405,000
      3,846 SF

      2744 County W Rd

      RESTAURANT • 3,846 SF
      2744 County W Rd, Odessa, TX 79764-1664
      View Details
    • Value Estimation
      $275,000
      6,278 SF

      7501 University Blvd

      RESTAURANT • 6,278 SF
      7501 University Blvd, Odessa, TX 79764-8835
      View Details
    • Value Estimation
      $295,000
      1,808 SF

      10155 University Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,808 SF
      10155 University Blvd, Odessa, TX 79764-9057
      View Details

    Similar Nearby for Sale

    • $4,541,000
      42,400 SF

      Odessa Industrial Facility with Showroom

      42,400 sq ft industrial buildings on 3.37 acres.
      2010/15 W 44Th St, Odessa, TX 79764
      View Details
    • $2,145,000

      Odessa, TX Auto Parts Property

      Advance Auto Parts in Odessa, TX for sale.
      2763 N County Rd W, Odessa, TX 79764
      View Details
    • $1,295,760
      9,180 SF

      Odessa Retail Investment Opportunity

      Family Dollar/Dollar Tree combo store in Odessa, Texas for sale.
      11098 W 42Nd St, Odessa, TX 79764
      View Details
    • $6,500,000
      10.46 Acres

      Odessa Commercial Land and Buildings

      Established business with land and buildings in high-traffic location.
      N Andrews Hwy, Odessa, TX 79764
      View Details
    • $4,541,000
      42,400 SF

      Odessa Industrial Facility with Showroom

      42,400 sq ft industrial buildings on 3.37 acres.
      2010/15 W 44Th St, Odessa, TX 79764
      View Details
    • $639,000
      2,700 SF

      Turn Key Oil Change Operation

      Commercial building with high traffic and oversized double parcel.
      8444 W University Blvd, Odessa, TX 79764
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      936 SF

      High-Traffic Location Ideal for Business

      Retail or office space with excellent visibility and studio apartment.
      809 W University Blvd, Odessa, TX 79764
      View Details
    • New
      $12,500 /Mo
      9,000 SF

      Odessa Warehouse with Drive-Through Bays

      9,000 SF warehouse on 5.3 acres with multiple drive-through bays.
      15095-2 W 42Nd St, Odessa, TX 79764
      View Details
    • $12 SF/Yr
      4,300 SF

      Odessa Warehouse: 4,300 SF For Lease

      Spacious Industrial Warehouse w/ Apartment
      4105 Mankins Ave, Odessa, TX 79764
      View Details
    • $6 SF/Yr
      41,360 SF

      Odessa Industrial Warehouse Trio

      Three-building warehouse, ample yard space.
      4519 Brazos Ave, Odessa, TX 79764
      View Details
    • $5,500 /Mo
      5,025 SF

      Odessa Warehouse with Crane

      5,025 SF warehouse with crane for lease.
      5012 Wright Ave, Odessa, TX 79764
      View Details
    • $7 SF/Yr
      10,505 SF

      Odessa Industrial Warehouse

      10,505 SF Warehouse, 1.41 Acres
      9054 University Blvd, Odessa, TX 79764
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5901 Golder Ave
    Odessa, TX 79764-3546
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.