Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    403 48Th St Odessa, TX 79764
    Back to Search
    Property profile & analytics

    403 48Th St, Odessa, TX 79764

    View on Map
    • Mobile home & RV parks
    • 920 SF
    • 0.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 403 48Th St

    Year built
    1948
    Lot size
    0.57 lot acres
    Property type
    Mobile home & RV parks

    Description

    This exceptional investment opportunity presents a well-maintained mobile home park situated on a 0.57-acre lot in Odessa, Texas. The property, located at 403 W 48th St, 79764, boasts nine rental spaces, generating strong potential rental income. Built in 1948 and extensively renovated in 2021, the park includes a 920-square-foot, two-bedroom, one-bathroom home that can also be rented, adding to the overall revenue stream. The property's central location within Odessa provides easy access to local amenities and a strong tenant pool. The asking price is $229,000, translating to $248.91 per square foot. The park is zoned for single-family use, offering flexibility and potential for future development. The property is currently owned by Big Country 1109 LLC and owner financing may be available to qualified buyers. This is a turnkey operation ideal for investors seeking a stable, cash-flowing asset in a thriving Texas market. The property's recent renovations ensure minimal immediate maintenance needs, maximizing return on investment. Don't miss this chance to acquire a profitable and well-located mobile home park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.392
    Latitude
    31.8878

    Comparable in this City

    • Value Estimation by Request
      11,200 SF

      2725 Golder Ave

      Distribution properties
      2725 Golder Ave, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      2.59 Acres

      Bucknell Ave

      Land
      0 Bucknell Ave, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      10,505 SF

      9054 University Blvd

      Distribution properties
      9054 University Blvd, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      952 SF

      13349 Jenkins St

      Office Spaces
      13349 Jenkins St, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      0.15 Acres

      4011 Exxon St

      COMMERCIAL (GENERAL)
      4011 Exxon St, Odessa, TX 79764-8602
      View Details
    • Value Estimation by Request
      0.15 Acres

      4043 Exxon St

      COMMERCIAL (GENERAL)
      4043 Exxon St, Odessa, TX 79764-8602
      View Details

    Similar Nearby for Sale

    • $250,000
      0.92 Acres

      Nearly One Acre Land Parcel

      Almost one acre property with utilities for RV/mobile home community.
      12012 W Westland Dr, Odessa, TX 79764
      View Details
    • $1,200,000
      4.27 Acres

      Odessa RV Park For Sale

      Income-producing RV park with immediate and future revenue potential.
      9510 W Westridge Dr, Odessa, TX 79764
      View Details
    • $450,000
      1.00 Acre

      RV Park Business Opportunity

      Profitable RV park with 12 sites, 10 currently occupied.
      3110 Comanche Dr, Odessa, TX 79764
      View Details
    • $2,772,880
      12,604 SF

      Spacious Office with Residential Apartment

      12,604 SF office with 3-bedroom apartment and covered parking.
      4313 N County Rd W, Odessa, TX 79764
      View Details
    • $1,370,000
      5.76 Acres

      Odessa Commercial Property with Housing

      5.76 acres with warehouse, office, and residential accommodations.
      11010 W Joan Dr, Odessa, TX 79764
      View Details
    • $2,772,880
      12,604 SF

      Spacious Office with Residential Apartment

      12,604 SF office with apartment and covered parking.
      4313 N County Rd W, Odessa, TX 79764
      View Details

    Similar Nearby for Lease

    • $650 /Mo
      3,877 SF

      Manufactured Home Lots For Lease

      Manufactured home lots available for lease in Odessa, Texas.
      Odessa, TX 79764
      View Details
    • $7,800 /Mo
      3,600 SF

      Commercial Space in Odessa, Texas

      Versatile commercial space suitable for retail, showroom, or service operations.
      981 E 87Th St, Odessa, TX 79764
      View Details
    • $12,500 /Mo
      9,000 SF

      Odessa Warehouse with Drive-Through Bays

      9,000 SF warehouse on 5.3 acres with multiple drive-through bays.
      15095-2 W 42Nd St, Odessa, TX 79764
      View Details
    • $5,500 /Mo
      5,000 SF

      Versatile Commercial Space in Odessa

      Office and shop space with ample parking in prime location.
      Odessa, TX 79764
      View Details
    • $13,000 /Mo
      10,100 SF

      Odessa Commercial Flex Space

      Commercial lease with office and shop space in Odessa, TX.
      2107 W 83Rd St, Odessa, TX 79764
      View Details
    • Contact for pricing

      Odessa Industrial Facility with Cranes

      Industrial warehouse with cranes and yard for lease in Odessa.
      4519 Brazos Ave, Odessa, TX 79764
      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.
    403 48Th St
    Odessa, TX 79764
    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
    403 48Th St, Odessa, TX, 79764
    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!