Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4908 Ih 37 Odem, TX 78370

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4908 Ih 37 Odem, TX 78370

    View on Map
    • Land
    • 15.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4908 Ih 37

    Lot size
    15.00 lot acres
    Property type
    Land

    Description

    This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Odem, Texas. Located at 4908 IH 37, Edroy, TX 78370 (27.9154871, -97.5788975), this property offers significant potential for various commercial developments. The asking price for the entire 15 acres is $750,000, translating to a price per acre ranging from $44,000 to $50,000. The seller is willing to consider dividing the land, making it accessible to a wider range of buyers and development plans. This flexibility allows for the acquisition of smaller parcels, potentially reducing the initial investment required. The property's strategic location along IH 37 provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The substantial acreage offers ample space for a variety of commercial ventures, from retail and industrial uses to potential warehousing or light manufacturing. Detailed site surveys and environmental assessments are recommended to fully understand the development potential of this prime commercial land. This is a rare opportunity to secure a significant land holding in a growing Texas market. Contact us today to learn more about this exceptional property and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odem
    County
    San Patricio
    State
    Texas
    Longitude
    -97.5789
    Latitude
    27.9155

    Comparable in this City

    • Value Estimation by Request
      39.90 Acres

      County Road 2015

      Land • 39.90 Acres
      0 County Road 2015, Sinton, TX 78370
      View Details
    • Value Estimation by Request
      83.00 Acres

      00 Odem Texas 78370

      Farms • 83.00 Acres
      00 Odem Texas 78370, Odem, TX 78370
      View Details
    • Value Estimation by Request
      2.63 Acres

      1617 Cr

      COMMERCIAL (GENERAL) • 2.63 Acres
      1617 Cr, Odem, TX 78370
      View Details
    • Value Estimation by Request
      0.09 Acres

      Hwy 77

      COMMERCIAL (GENERAL) • 0.09 Acres
      Hwy 77, Odem, TX 78370
      View Details
    • Value Estimation by Request
      0.24 Acres

      Hwy 77

      COMMERCIAL (GENERAL) • 0.24 Acres
      Hwy 77, Odem, TX 78370
      View Details
    • Value Estimation by Request
      0.24 Acres

      Hwy 77

      COMMERCIAL (GENERAL) • 0.24 Acres
      Hwy 77, Odem, TX 78370
      View Details

    Similar Nearby for Sale

    • $79,000

      Residential Lot in Meadowbrook Estates

      0.19-acre lot in a growing Odem, TX neighborhood.
      106 Odem, Odem, TX 78370
      View Details
    • $165,000
      3.00 Acres

      Odem, TX 3-Acre Lot

      3-acre lot ideal for custom build or business startup.
      6383 Highway 77, Odem, TX 78370
      View Details
    • $80,000
      0.34 Acres

      Vacant Lot in Odem, TX

      R2-zoned vacant lot with development potential in Odem, Texas.
      400 W Turner, Odem, TX 78370
      View Details
    • $624,900
      26.31 Acres

      Odem, TX Land Opportunity

      26.3-acre property in Odem, TX for development.
      County Road 1726, Odem, TX 78370
      View Details
    • $1,981,800
      42.00 Acres

      Odem, TX Agricultural Land

      42 acres of agricultural land with railroad access.
      15489 County Road 1726, Odem, TX 78370
      View Details
    Request Owner's contact information
    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.
    4908 Ih 37
    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
    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

    Thank You for Inquiry

    4908 Ih 37, Odem, TX, 78370

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!