Add Listing
    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

    199 Main St Odem, TX 78370

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-Traffic Pharmacy/Drug Store, 100% Occupied

    Property Features for 199 Main St

    General Information

    Property type
    Drug stores
    Lot Size
    1,055,162,592 SF

    We can help!

    Listing Contact
    Cliff Atnip
    Cliff Atnip

    Listing Agency: Cobb, Lundquist & Atnip, Inc. Listing Agent: Cliff Atnip

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

    Learn more

    Overview

    This exceptional retail property, located at 199 Main St, Odem, TX 78370, presents a unique owner-user investment opportunity. Currently operating as a pharmacy/drug store and boasting 100% occupancy, this property offers immediate income potential. Situated on a substantial 24.2232-acre lot (buyer to verify), the building enjoys a prime location in the heart of Odem, benefiting from high daily traffic counts. The property is listed at $175,000 and is currently leased on a month-to-month basis to Echo Cottage Antique Mall. The lease is a gross lease. The property's precise square footage requires independent verification by the buyer. All information provided is based on Appraisal District records and while believed to be accurate, is not guaranteed. The property's APN is 60873/60880/60891. This is an excellent opportunity for an owner-user seeking a well-located, income-producing retail space in a thriving Texas community. Serious inquiries only. Buyer to conduct their own due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store 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
    -97.5824
    Latitude
    27.9504632

    Nearby Similar for Sale

    • $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
    • $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
    • $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
    • $425,000

      Odem Agricultural Property For Sale

      Agricultural property available in Odem, Texas.
      15159 County Road 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
    • $350,000
      5,374 SF

      Retail Property on Highway 77

      High-visibility retail space in Odem, Texas, suitable for various businesses.
      1016 Voss Ave, Odem, TX 78370
      View Details

    FAQs

    What type of property is this?
    Drug store - High-Traffic Pharmacy/Drug Store, 100% Occupied
    Where is this drug store located?
    The property is located at 199 Main St Odem, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 199 Main St, Odem, TX 78370: Owner-user opportunity, currently operating as a pharmacy/drug store, 100% occupied, generating immediate income.; Situated on a 24.2232-acre lot (buyer verification required).; Prime Odem location with high daily traffic.
    (361) 510-4232 Call to check price and availability
    Request Owner's contact information
    199 Main St 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.
    199 Main St
    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
    199 Main St 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cliff Atnip
    Cliff Atnip
    Real Estate License ID: 0415947
    (361) 510-4232 (361) 854-4448
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!