Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1016 Voss Ave Odem, TX 78370

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    High-visibility retail space in Odem, Texas, suitable for various businesses.

    Property size:
    5,374 SF
    Lot size:
    0.57 Acres

    Property Features for 1016 Voss Ave

    General Information

    Size
    5,374 SF
    Lot size
    0.57 Acres

    We can help!

    Listing Contact
    Matthew Cravey
    Matthew Cravey
    Source: Moodyscre

    Listing Agent: Matthew Cravey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Property on Highway 77

    Located on Highway 77 in Odem, Texas, this property is currently a discount home improvement store and design center. The remodeled building includes a retail showroom, private offices, warehouse space with an 18-foot overhead door, a storage yard, and two restrooms. The property, totaling 5,374 square feet, is suitable for many different types of business. Odem is experiencing growth and offers a central location near Calallen and Sinton, both areas with high growth. The presence of Steel Dynamics in Sinton has contributed to increased activity in the area.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odem
    County
    San Patricio
    State
    Texas
    Longitude
    -97.586122
    Latitude
    27.946181

    Nearby Similar for Sale

    • $449,000
      952 SF

      Odem, TX Commercial Nursery

      Nursery and residential property on 2.25 acres in Odem.
      3312 Us-77, Odem, TX 78370
      View Details
    • $424,900
      3,300 SF

      Fully Leased Brick Triplex

      Rare investment opportunity in Odem, TX, with immediate cash flow.
      1200 Kline Unit A B C, Odem, TX 78370
      View Details
    • $650,000
      5,000 SF

      Odem, TX Commercial Building

      5000 sq ft building on 1.72 acres in Odem.
      14518 County Road 1510, Odem, TX 78370
      View Details
    • $175,000
      7,500 SF

      Former Pharmacy in Odem, TX

      Corner lot retail property, currently leased month to month.
      111 Us-77, Odem, TX 78370
      View Details
    • $599,000

      Odem Agricultural Property For Sale

      Agricultural property available in Odem, Texas.
      15159 Crk 1876, Odem, TX 78370
      View Details
    • $380,000
      5,374 SF

      Odem Mixed-Use Building For Sale

      High-visibility storefront & warehouse. Great investment opportunity.
      1016 Voss Ave, Odem, TX 78370
      View Details
    • $340,000
      6,720 SF

      Odem Warehouse: Prime Industrial Site

      6,720 SF Warehouse, 4.935 Acres
      18122 Tx-234, Odem, TX 78370
      View Details
    • $175,000
      24,223.20 Acres

      Odem Retail Building - Prime Location

      High-Traffic Pharmacy/Drug Store, 100% Occupied
      199 Main St, Odem, TX 78370
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility retail space in Odem, Texas, suitable for various businesses.
    Where is this retail space located?
    The property is located at 1016 Voss Ave Odem, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - High visibility location on Hwy 77 in Odem.; - Remodeled property suitable for various business types.; - Warehouse space with 18' overhead door and storage yard.
    (361) 289-5168
    Request Owner's contact information
    1016 Voss Ave Odem, TX 78370
    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.
    1016 Voss Ave
    Odem, TX 78370
    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
    1016 Voss Ave Odem, TX 78370
    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

    We can help!
    Listing Contact
    Matthew Cravey
    Matthew Cravey
    Real Estate License ID: 0203443
    (361) 289-5168
    Learn more
    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.