Sign Up Successful!
You now have access to more from Realmo!
    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

    3401 Gail Hwy Big Spring, TX 79720

    Sponsored
    For Sale
    $65,000

    Individual Lot - Big Spring, TX

    Lot size:
    2.73 Acres
    Days on Market:
    184
    Last Refresh:
    Jan 24 at 1:06 am

    Property Features for 3401 Gail Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Other-See Remarks
    Exterior features
    Chain Link, Pipe
    Fencing
    Chain Link
    Lot size
    2.73 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gloria Pierce
    Gloria Pierce

    Legacy Real Estate Brokerage (432) 687-6500

    Listing agent Gloria Pierce (432) 687-6500

    Listing date Jul 25, 2025

    MLS# 50084079 Listing URL

    Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    2.73 Acres Outside City Limits

    This 2.73-acre property is located outside of city limits. The land is cleared, maintained, and fully fenced. It features level terrain and two drilled wells that are not currently active. The property is suited for building a home, storing construction materials, or use as a high visibility commercial transit stop just off of HWY 350. It offers potential for residential or commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Department Store Kitchen & Bath HVAC Service Bar & Pub Barber Shop Wine and Liquor Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.4681
    Latitude
    32.297633

    Nearby Similar for Sale

    • $359,000
      3,912 SF

      Mixed-Use Property in Big Spring

      Two properties ideal for living, working, or investing.
      104&108 Salem Rd, Big Spring, TX 79720
      View Details
    • $325,000
      8,000 SF

      Versatile Commercial Property Near Big Spring

      2-acre commercial property with office, storage, and housing units.
      7007 Fm 846, Big Spring, TX 79720
      View Details
    • $989,900
      25,966 SF

      Turnkey Skating Rink on 4 Acres

      Fully operational skating rink with renovated home and large shop.
      2910 W 8Th St, Big Spring, TX 79720
      View Details
    • $175,000
      12,847 SF

      Big Spring Commercial Property For Sale

      Two-acre, fenced property with two buildings totaling over 12,000 sqft.
      Father Delaney St, Big Spring, TX 79720
      View Details
    • $499,000
      5,468 SF

      Gregg Street Retail Opportunity

      5,468 SF retail space on Gregg Street in Big Spring.
      1013 Gregg St, Big Spring, TX 79720
      View Details
    • $625,000
      3,200 SF

      Big Spring Industrial/Commercial Property

      Like-new 3,200 SF building on 2.4 acres near I-20.
      206 Corbell Rd, Big Spring, TX 79720
      View Details
    • $620,000
      5,826 SF

      Remodeled Downtown Commercial Building

      Revitalized downtown location with income-producing spaces and rentable parking.
      415 E 3Rd St, Big Spring, TX 79720
      View Details
    • $699,000
      5,585 SF

      Downtown Big Spring Landmark Building

      Operating pool hall with renovation potential in historic downtown.
      102 E 3Rd St, Big Spring, TX 79720
      View Details
    • $449,000
      4,541 SF

      Updated Restaurant Property on I-20

      Commercial property with I-20 frontage, updated space, and ample parking.
      2104 W I-20, Big Spring, TX 79720
      View Details
    • $389,999
      1,980 SF

      Remodeled Restaurant Space in Big Spring

      Turn-key restaurant space in downtown Big Spring, fully remodeled.
      501 E 3Rd St, Big Spring, TX 79720
      View Details
    • $550,000
      6,800 SF

      Remodeled Commercial Property with Decking

      Versatile commercial property remodeled in 2023, suitable for various businesses.
      1211 E 3Rd St, Big Spring, TX 79720
      View Details
    • $180,000
      1,500 SF

      Corner Lot Commercial Building

      Versatile 1,500 sq ft building on a prime corner lot.
      710 E 4Th St, Big Spring, TX 79720
      View Details

    FAQs

    What type of property is this?
    Land - 2.73 acres, cleared, fenced, ready for your vision!
    Where is this land located?
    The property is located at 3401 Gail Hwy Big Spring, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - 2.73 acres outside city limits; - Cleared, maintained, and fully fenced; - Suitable for residential or commercial use
    (432) 935-1090
    Request Owner's contact information
    3401 Gail Hwy Big Spring, TX 79720
    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.
    3401 Gail Hwy
    Big Spring, TX 79720
    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
    3401 Gail Hwy Big Spring, TX 79720
    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!
    Listing Contact
    Gloria Pierce
    Gloria Pierce
    Real Estate License ID: TREC 0663050
    (432) 935-1090
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.