Add Listing
    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

    403 Rex Forsan, TX 79733

    View on Map
    Claim this Listing
    For Sale
    $99,000

    COMMERCIAL - Forsan, TX

    Property size:
    2,120 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $46/SF
    Added:
    Jan 5, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 24 at 10:06 pm

    Property Features for 403 Rex

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,120 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Description
    SEE ATTACHED DOCUMENTS IN "ADDITIONAL OTHER" MLS FOLDER
    Tax Annual Amount
    1296

    Building Details

    Year built
    1936

    We can help!

    Listing Contact
    Brooke Atkins. Broker/Owner. RENE, SRS, ABR

    Listing agent Brooke Atkins. Broker/Owner. RENE, SRS, ABR

    Listing office Atkins Realty 104 E 3rd, Big Spring, TX

    Listing date Jan 5, 2026

    MLS# 50087754

    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.

    Overview

    Forsan, TX Commercial Property

    This 0.321-acre property is located in Forsan, TX. It includes a 20x28 shop and two ready-to-use RV spots, with a third spot prepped for electric connection. The property offers potential for both residential and commercial use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Forsan
    County
    Howard
    State
    Texas
    Longitude
    -101.3661338
    Latitude
    32.1092505

    Nearby Similar for Sale

    • $400,000
      6,232 SF

      Forsan Shop and Office

      6,232 SF shop and office on 0.4 acres.
      601 Rex, Forsan, TX 79733
      View Details
    • $250,000
      1,840 SF

      Remodeled Office/Shop Space in Forsan

      Remodeled office/shop space with recent updates and easy access.
      207 S Rex, Forsan, TX 79733
      View Details
    • $90,000

      Homesite in Forsan School District

      8.88 acres with water well and power in place.
      Brian Rd, Forsan, TX 79720
      View Details
    • $250,000
      1,840 SF

      Remodeled Office/Shop Space in Forsan

      Remodeled office/shop space with modern interior and recent updates.
      207 S Rex, Forsan, TX 79733
      View Details
    • $165,000
      840 SF

      Forsan, TX Commercial Opportunity

      New barndominium with RV spots in Forsan, TX.
      322 Rex, Forsan, TX 79733
      View Details
    • $35,000

      Forsan, TX - Spacious Lots

      Three lots in Forsan, TX, ready for development.
      402&404 Rex, Forsan, TX 79733
      View Details
    • $165,000

      New Barndominium with RV Spots

      New barndominium with income-producing RV spots in Forsan, TX.
      322 Rex Ave, Forsan, TX, 79733
      View Details
    • Contact for pricing
      6,232 SF

      Forsan Warehouse with Office Space

      6,232 SF warehouse on 0.4 acres with office space.
      601 N Rex Ave, Forsan, TX
      View Details
    • $10,000
      2,498 SF

      Commercial Property in Oil Patch

      Commercial property in the oil patch, 15 miles from Big Spring.
      207 S Rex, Forsan, TX 79733
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.321-acre property with shop and RV spots in Forsan, TX.
    Where is this commercial land located?
    The property is located at 403 Rex Forsan, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Versatile 0.321‑acre property suitable for residential or commercial use; Includes a 20x28 shop; Two RV spots are ready for use
    (432) 816-1755
    We can help!
    Listing Contact
    Brooke Atkins. Broker/Owner. RENE, SRS, ABR
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!