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Property profile & analytics
OFF-MARKET
Investment properties

615 Sam Houston Ave Odessa, TX 79761-4434

1,410 SF 0.21 ac lot Built 1966
Entity Owned 11-yr Hold Free & Clear
Property ID
US82-3134646
Property summary
AI-generated overview

This exceptional restaurant opportunity is located in the heart of downtown Odessa, Texas, at 615 N Sam Houston Ave, 79761. The property boasts a prime location just three blocks from numerous medical offices and other professional businesses, ensuring high foot traffic and visibility. This established restaurant features a spacious 2,924 square foot building situated on a 0.21-acre lot. Built in 1966 and extensively renovated in 2016, the property is in excellent condition and ready for immediate occupancy, with an anticipated occupancy date of August 19, 2024. The single-story building offers a comfortable and inviting atmosphere, complemented by an outdoor casual seating area with covered spaces, perfect for enjoying meals and drinks. The asking price is $649,000, translating to $221.96 per square foot. This represents a unique chance to acquire a thriving business in one of Odessa's most desirable locations. The property's strong history and prime location make it an ideal investment for experienced restaurateurs or those seeking a turnkey operation in a vibrant and growing market. Don't miss this chance to own a piece of Odessa's culinary scene.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1966
Total area 1,410 SF
Lot 0.21 ac (9,278 SF)
Zoning code EB6
APN 13900.00520.00000
UPID US82-3134646
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
  • Rooster's Diner 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
Valmo INC · 11 yrs held
Valmo INC
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
EB6 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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