Odem, TX Commercial
For Sale
$350,000
14518 County Road 1510, Odem, TX 78370
CommercialSale, Odem, TX
Property Size5,000 SF
Lot Size1.72 Acres
Price / SF$70
Days on Market94
Property Features for 14518 County Road 1510
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Subdivision
Sod-Welder & Odem
Lot features
Corner Lot, Level
Standard status
Active
APN
109910
Size
5,000 SF
Lot size
1.72 Acres
Taxes and HOA fees
Tax Description
WELDER AND ODEM SUBD, PT TR 55 (1.72 ACRES)
Legal Description
WELDER AND ODEM SUBD, PT TR 55 (1.72 ACRES)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2012
Floors in Building
1
Building materials
MetalSiding
Listing Agency:
KW Coastal Bend - Northwest · Keller Williams Realty
(361) 242-1400
Listed By:
CeCe Ward · License #0370973
(361) 774-9522
Added: May 25
Changed: Aug 19
Last Checked: Aug 26 at 3:06PM
MLS# 476942
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, located in Odem, Texas, features a 5000-square-foot building situated on a 1.72-acre lot. The property is designated for commercial real estate use and includes warehouses and industrial properties.
Key Highlights
- Central air conditioning ensures comfortable living.
- Central electric heating.
- Public water source.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,904
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,080
$498.1K
Cap Rate 7%
$355,771
$355.8K
Cap Rate 9%
$276,711
$276.7K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.2K $8.04/SF
− Vacancy
−$4.6K −$0.92/SF
EGI
$35.6K $7.12/SF
− OpEx
−$10.7K −$2.13/SF
NOI
$24.9K $4.98/SF
Area
San Patricio County, TX
Vacancy
11.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,080
Cap Rate 7%
$355,771
Cap Rate 9%
$276,711
Alternative Uses
Best Use
Warehouse
$474.3K
$415.0K – $553.4K
NOI $33,201 @ 7.0% cap · market cap 9.49%
Second Best
Industrial
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 7.12%
Theoretical Best
Hotel Hospitality
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 51.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78370, TX
4,746
Population
1,790
Households
2.7
Avg Household Size
41
Median Age
13%
College-Educated
82%
High-School Grad
110.1 sq mi
ZIP Area
43
Density / Sq Mi
$69,327
Median Household Income
$37,924
Median Earnings
$1,132
Median Rent
$190,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 5000 SF commercial property on 1.72 acres.
Where is this warehouse located?
The property is located at 14518 County Road 1510 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: Central air conditioning ensures comfortable living.; Central electric heating.; Public water source.
