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$466,020

NAL Estimated Property Value

6067 Highway 77, Odem, TX, 78370

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths6,720 Sq Ft
IndustrialIndustrial
price_per_sqft$37.2 / sqft
Year BuiltBuilt in 1992

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.62 acres

Land Information

APN1035-0000-0003-000
Lot Number3-4
SubdivisionMorgan And Timon Highway Lots Subd Unit
Land UseCommercial
Legal DescriptionMORGAN AND TIMON HIGHWAY LOTS SUBD UNIT NO 1 LOT 4, SW/2 LOT 3 (2.624 ACRES)
Census Tract010900
Assessed Land Value$80,717
Assessed Improvement Value$385,303
Assessment Year2025

About this property

BUYER funding failed, FRESH opportunity for Fantastic highway location loaded with Potential Use capabilities, right on Highway 77 (I-69E) frontage and ~2.62 Acres +/- to boot! This 6,720 SF main structure was a church building for many years, and the 648 SF manufactured home to the side could potentially still be used as an auxiliary building, or hauled off. The main building had an addition to the sanctuary which added a kitchen, fellowship hall, and a couple of classrooms. The original part of the building includes 2x restrooms, offices, large Foyer, Sanctuary, and storage/HVAC rooms off the main stage. The building was still functioning as a special event and fellowship hall around 1 year ago, but it does need some cosmetic work inside and out. The major work to make it fully functioning again will be foundation work (it's all Pier-and-Beam), and HVAC updates. The 2.624 Acres of land includes approximately 220-240 or so Feet of Frontage road along Highway 77, so there is plenty of space to bring in other businesses, including industrial businesses that need large buildings or Lay-down Yards. And it's not in the City Limits, so there are Many potential possibilities with this property for re-development if the location is good, but the structure not what you need.

Investor Tools

Property Icon
$466,020
Estimated Property Value
$0Estimated Mortgage Balance
$466,020Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,796 /month
Positive
Cash Flow Estimate:
$932 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$761/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$466,020
2025
$80,717
$385,303
$466,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$466,020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$466,020
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odem

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6067 Highway 77 | Property Details | No Agent List