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    Big Spring, TX 79720

    For Sale
    $235,000

    LAND - Big Spring, TX

    Lot size:
    47.00 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 10 at 5:06 am

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    299280
    Lot size
    47.00 Acres

    The Real Estate Ranch LLC (432) 688-8200

    Listing agent Thomas Johnston (432) 688-8200

    Listing date Nov 1, 2025

    Copyright © 2025 Odessa 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

    Cleared Land in Permian Basin

    This 47-acre tract of land, located in the heart of the Permian Basin, presents a developer's dream. The property consists of a cleared old hay field, ready for immediate use with no brush to clear. Water access is readily available. Situated in Howard County, the land is located approximately 7 miles from Stanton Schools. The property is near the former town of Lomax, TX, which was established by Louis Lomax, the same year as Texas Tech. Lomax was an inhabitant of the area and farmed this land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.6659428
    Latitude
    32.11276932

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    FAQs

    What type of property is this?
    Agricultural land - 47 acres of cleared land ready for development.
    Where is this agricultural land located?
    The property is located at Big Spring, TX.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Four 50-acre tracts available, or **combined 197-acre tract**.; - **Abundant water resources.**; - Cleared land, ready for development.
    (432) 688-8200
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    Big Spring, TX 79720
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    Realmo Value Estimation

    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.

    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.

    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
    Big Spring, TX 79720
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