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Days63Days on Market
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$750,000

2830 Lorraine Rd, Odessa, TX, 79766

$975,000 ARVInfo
On MarketInfo
CommercialInfo
Baths0 Bath
Baths4,500 Sq Ft
BusinessBusiness
price_per_sqft$166.67 / sqft
Year BuiltBuilt in 2016

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.04 acres

Building Information

Year Built2016

Land Information

APN29985.00190.00000
Lot Number13
SubdivisionSterling Park 2nd Filing
Land UseCommercial
Legal DescriptionSTERLING PARK 2ND FILING BLOCK 2 LOT 13
Census Tract003003
Assessed Land Value$71,020
Assessed Improvement Value$266,752
Assessment Year2025

About this property

Situated on 2 acres just off the interstate & Highway 385, this restaurant offers visibility and easy access for high traffic exposure. The spacious interior features a large dining area with ample seating and an efficient service layout. With plenty of parking and strong roadside presence, this turnkey property is ideal for an owner-user or investor looking for a high-potential commercial opportunity.

Investor Tools

Property Icon
$337,772
Estimated Property Value
$0Estimated Mortgage Balance
$268,795Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$975,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Lilliana Sotelo

Heritage Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,369
$337,772
2025
$71,020
$266,752
$337,772
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,369
$337,772

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$70,000
No
First
Jul 25, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,977
$268,795
79%
20%
$420/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odessa

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2830 Lorraine Rd | Property Details | No Agent List