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

    W Other Big Spring, TX 79720

    View on Map
    Claim this Listing
    For Sale
    $235,000

    LAND - Big Spring, TX

    Lot size:
    47.00 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 24 at 7:06 pm

    Property Features for W Other

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    0

    We can help!

    Listing Contact
    Thomas Johnston
    Thomas Johnston

    Listing agent Thomas Johnston License #0542176

    Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX

    Listing date Apr 1, 2026

    MLS# 164103 Listing URL

    Copyright © 2026 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 Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.45
    Latitude
    32.2854

    Nearby Similar for Sale

    • $400,000
      5,200 SF

      Renovated Strip Center in Big Spring

      Newly renovated strip center with high visibility and customizable suites.
      1600 E 4th, Big Spring, TX 79720
      View Details
    • $599,000
      5,826 SF

      Remodeled Commercial Building in Downtown

      Revitalized downtown location with income-producing spaces and recent upgrades.
      415 E 3rd St, Big Spring, TX 79720
      View Details
    • $625,000
      3,200 SF

      Big Spring Commercial Property

      Commercial property in Big Spring, TX, with office spaces.
      206 Corbell Rd, Big Spring, TX 79720
      View Details
    • $375,000

      Prime Commercial Land in Big Spring

      11.45-acre commercial tract with highway frontage in Big Spring, TX.
      3312 Webb Lane, Big Spring, TX 79720
      View Details
    • $499,000
      2,976 SF

      Downtown Big Spring Triplex Investment

      Turnkey triplex in downtown Big Spring with strong rental income.
      109 Runnels St, Big Spring, TX 79720
      View Details
    • $139,000
      2,669 SF

      Big Spring Office Space Available

      Office space featuring eight rooms, waiting area, and paved parking.
      207 E 7th St, Big Spring, TX 79720
      View Details
    • $429,000
      5,468 SF

      Gregg Street Retail Opportunity

      5,468 Sq. Ft. retail space on half acre lot.
      1013 Gregg St, Big Spring, TX 79720
      View Details
    • $94,000

      4.65 Acres on I-20

      Unrestricted land outside city limits, suitable for various commercial uses.
      5100 S Service Rd, Big Spring, TX 79720
      View Details
    • $425,000
      22,840 SF

      Expansive Commercial Property in Big Spring

      Thriving commercial property with versatile space and endless possibilities.
      2906 W 8th St, Big Spring, TX 79720
      View Details
    • $289,900

      Productive Commercial Property in Big Spring

      22.56-acre commercial property designed for productivity and convenience.
      3403 W FM 818, Big Spring, TX 79720
      View Details
    • $325,000
      8,000 SF

      Commercial Investment Property Near Big Spring

      2-acre commercial property with office, storage, and housing units.
      7007 FM 846, Big Spring, TX 79720
      View Details
    • $50,000
      306 SF

      Big Spring Commercial Corner Lot

      Commercial lot with potential, previously a gas station, seller financing.
      1701 E 3rd St, Big Spring, TX 79720
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 47 acres of cleared land ready for development.
    Where is this agricultural land / farmland located?
    The property is located at W Other 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
    We can help!
    Listing Contact
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: 0542176
    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!