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    Property profile & analytics

    Fm 1936, TX

    • Grocery and convenience stores
    • 4,940 SF
    • 1.71 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1327497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 807

    Year built
    2009
    Lot size
    1.71 lot acres
    Property size
    4,940 SF
    Zone code
    EW3
    Property type
    Grocery and convenience stores
    APN
    30170.00010.00000
    APU
    301700001000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $610,000
      COMMERCIAL (GENERAL)
      $585,000
      RETAIL STORES
      $485,000
      MEDICAL BUILDING
      $370,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fm 1936
    County
    Ector
    State
    Texas
    Longitude
    -102.44
    Latitude
    31.8293
    CBSA code
    36220
    CBSA name
    ODESSA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,482
    $149,808
    $922,436
    $1,072,244
    -
    $149,808
    $922,436
    $1,072,244

    Comparable in this City

    • Value Estimation
      $1,085,000
      208,693 SF

      Tarrant Pkwy

      GROCERY, SUPERMARKET • 208,693 SF
      Tarrant Pkwy, North Richland Hills, TX
      View Details
    • Value Estimation
      $505,000
      4,940 SF

      Highway

      CONVENIENCE STORE • 4,940 SF
      Highway, 107, TX
      View Details
    • Value Estimation
      $240,000
      3,528 SF

      S

      CONVENIENCE STORE • 3,528 SF
      S, 10th St, TX
      View Details
    • Value Estimation
      $310,000
      1,620 SF

      Tom Gill Rd, TX

      CONVENIENCE STORE • 1,620 SF
      Tom Gill Rd, TX
      View Details
    • Value Estimation
      $295,000
      7,350 SF

      12400 Ss Fwy

      CONVENIENCE STORE (W/FUEL PUMP) • 7,350 SF
      12400 Ss Fwy, Fort Worth, TX
      View Details
    • Value Estimation
      $1,515,000
      37,095 SF

      W

      GROCERY, SUPERMARKET • 37,095 SF
      W, Main Ave, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,472 SF

      Truck Stop on I-20

      Truck stop with store, kitchen, and fuel islands.
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    • $1,231,000
      9,100 SF

      Newer Retail Building For Sale

      Retail building with long-term corporate lease in Morgan, Texas.
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      Louise Restaurant and Market For Sale

      Restaurant and market on 0.29 acres, business and real estate.
      1102 W St North, Louise, TX
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    • Contact for pricing
      2,502 SF

      Crockett Convenience Store on Highway

      Convenience store with income potential on a 0.92-acre lot.
      3442 Tx-7, Crockett, TX
      View Details
    • $7,081,000
      6,739 SF

      Modern Truck Stop on Highway

      Newer truck stop with long-term lease and rent increases.
      16158 Hwy 31 W, Tyler, TX
      View Details
    • $750,000
      11,200 SF

      Dollar General Investment Opportunity

      Dollar General investment opportunity in Stanton, Texas.
      301 E Front St, Stanton, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,172 SF

      Corner Retail Space Available

      C-Store corner space with bank buildout available for rent.
      3400-3402 Sh 21 E, Bryan, TX
      View Details
    • Contact for pricing
      6,025 SF

      Fuel Station with Expansion Potential

      Fuel station with multiple revenue streams and expansion opportunity.
      2503 Tx-16, Strawn, TX
      View Details
    • Contact for pricing
      750 SF

      Retail Space on Hillcroft Avenue

      Retail space for lease in southwest Houston submarket.
      7909 Hillcroft Ave, Houston, TX
      View Details
    • $12 SF/Yr
      3,450 SF

      Restaurant Space Move-In Ready

      3,450 SF restaurant space in prime retail development.
      3500-3536 Fm 365, Nederland, TX
      View Details
    • $1.20 SF/Yr
      4,254 SF

      Retail/Office/Flex Warehouse Space Available

      4,254 SF retail/office/flex warehouse space for lease.
      3939 Hillcroft Ave, Houston, TX
      View Details
    • Contact for pricing
      19,250 SF

      Retail Space Near Parmer Ranch

      Retail space adjacent to Parmer Ranch and future H-E-B.
      Nwc Of Ronald Reagan Blvd. And Williams Dr, Georgetown, TX
      View Details
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    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
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