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

    3611 S 87 Big Spring, TX 79720

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial property with highway frontage, secured yard, and office space.

    Property size:
    5,000 SF

    Property Features for 3611 S 87

    General Information

    Size
    5,000 SF

    We can help!

    Listing Contact
    Joe Magby
    Source: Naiglobal

    Listing Agent: Joe Magby

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Industrial Property with Highway Frontage

    This versatile industrial property offers excellent highway frontage and quick access to the surrounding area, making it an ideal location for businesses requiring regional connectivity. The 2,400 square foot warehouse features two 15-foot overhead doors, 16-foot eave height, and 19-foot clear height, providing ample space and functionality for storage, distribution, or light manufacturing. Equipped with 120V/200A 3-phase power, the building is well-suited for a range of industrial operations. The office portion includes 4 offices, 2 restrooms, and a break room. The property also includes a secured yard with two gated access points and is fully lit with a security system already in place. Additionally, the yard can be expanded to meet the needs of larger operations, making this a flexible industrial lease opportunity in West Texas. The property size is 5,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

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

    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?
    Warehouse - Industrial property with highway frontage, secured yard, and office space.
    Where is this warehouse located?
    The property is located at 3611 S 87 Big Spring, TX.
    What is the asking price?
    The asking price for this property is $12.
    What are key features of this property?
    This property features: - Excellent highway frontage and quick access for regional connectivity.; - 2,400 SF warehouse with two 15’ overhead doors, 16’ eave height, and 19’ clear height.; - 120V/200A 3-phase power suitable for various industrial operations.
    (806) 200-3244
    Request Owner's contact information
    3611 S 87 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.
    3611 S 87
    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
    3611 S 87 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
    Joe Magby
    (806) 200-3244
    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.