Office Units with
For Sale
$390,000
1615 Voss Avenue, Odem, TX 78370
CommercialSale, Odem, TX
Property Size3,150 SF
Lot Size0.24 Acres
Price / SF$123.81
Days on Market54
Property Features for 1615 Voss Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Interior features
Storage
Exterior features
Storage
Subdivision
Odem South
Standard status
Active
APN
62096
Size
3,150 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
ODEM SOUTH UNIT 1 BLK 2 LOT 18R, 19R, 20R, 21R
Legal Description
ODEM SOUTH UNIT 1 BLK 2 LOT 18R, 19R, 20R, 21R
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
tile flooring
hot water heater
LED sign
fenced backyard
rolling gate
kitchenette
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Building materials
Stucco
Additional Structures
Storage
Listing Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Laura Miller · License #0733440
(361) 633-1404
Added: Jun 30
Changed: Aug 20
Last Checked: Aug 22 at 10:06PM
MLS# 478713
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.
Built in 2007, this 3,150-square-foot stucco commercial property is configured as two separate office suites. The first suite combines a showroom with a private office, bathroom, and kitchenette. The second includes two private offices, a shared work area, bathroom, and kitchenette, with room for an additional office. Tile flooring, central air, electric heat, and public water and sewer serve the building.
A 750-square-foot warehouse constructed in 2024 adds storage or operational capacity. The property includes approximately 20 parking spaces, a fenced rear area with a rolling gate, and an LED sign. Positioned on US Hwy 77, it is just under 3.5 miles from IH 37. Central Business District zoning through the City of Odem has zero front and side setback requirements.
A 750-square-foot warehouse constructed in 2024 adds storage or operational capacity. The property includes approximately 20 parking spaces, a fenced rear area with a rolling gate, and an LED sign. Positioned on US Hwy 77, it is just under 3.5 miles from IH 37. Central Business District zoning through the City of Odem has zero front and side setback requirements.
Key Highlights
- 3,150‑square‑foot stucco commercial building constructed in 2007
- Two separate suites with showroom, private offices, bathrooms, and kitchenettes
- 750 sf warehouse added in 2024
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
$20,917
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
5.36%
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%
$418,340
$418.3K
Cap Rate 7%
$298,814
$298.8K
Cap Rate 9%
$232,411
$232.4K
Market Conditions
NOI Build-Up for 3,150 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
$26.5K $8.40/SF
− Vacancy
−$1.9K −$0.59/SF
EGI
$24.6K $7.81/SF
− OpEx
−$3.7K −$1.17/SF
NOI
$20.9K $6.64/SF
Area
San Patricio County, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$418,340
Cap Rate 7%
$298,814
Cap Rate 9%
$232,411
Alternative Uses
Best Use
Office B
$582.2K
$509.4K – $679.2K
NOI $40,753 @ 7.0% cap · market cap 10.45%
Second Best
Warehouse
$298.8K
$261.5K – $348.6K
NOI $20,917 @ 7.0% cap · market cap 5.36%
Theoretical Best
Hotel Hospitality
$1.62M
$1.41M – $1.89M
NOI $113,117 @ 7.0% cap · market cap 29.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-suite commercial building with showroom, private offices, storage, and dedicated warehouse space.
Where is this office units located?
The property is located at 1615 Voss Avenue Odem, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 3,150‑square‑foot stucco commercial building constructed in 2007; Two separate suites with showroom, private offices, bathrooms, and kitchenettes; 750 sf warehouse added in 2024
