Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1600 E 4Th St Big Spring, TX 79720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office and retail suites available in a high-traffic strip center.

    Property size:
    2,200 SF
    Lot size:
    0.54 Acres

    Property Features for 1600 E 4Th St

    General Information

    Size
    2,200 SF
    Lot size
    0.54 Acres

    We can help!

    Listing Contact
    Justin Dodd
    Justin Dodd
    Source: Moodyscre

    Listing Agent: Justin Dodd

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

    Learn more

    Property Insight Report

    Overview

    Office/Retail Strip Center Suites

    This property features a 5,200 square foot office and retail strip center. There are three suites available for rent. Suites 1 and 2 each offer 1,500 square feet of space. Suite 3 provides 2,200 square feet. The suites are delivered in shell condition, with a tenant improvement allowance available for customization. Each suite includes a dedicated electrical meter, water hookups, and HVAC systems. The property benefits from easy access, ample parking, and a high traffic count.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.454114
    Latitude
    32.258756

    Nearby Similar for Lease

    • $14 SF/Yr
      5,220 SF

      Big Spring Office Space Available

      Office spaces with private entrances and tenant parking.
      707-711 E 3Rd St, Big Spring, TX 79720
      View Details
    • $12 SF/Yr
      5,000 SF

      Versatile Warehouse with Secured Yard

      Industrial property with highway frontage, offices, and expandable yard.
      N Us Highway 87, Big Spring, TX 79720
      View Details
    • $6,545 /Mo
      8,750 SF

      Warehouse with Covered Storage

      8,750 SF warehouse with office and covered storage.
      9306 S Service Rd, Big Spring, TX 79720
      View Details
    • Contact for pricing
      3,150 SF

      Versatile Commercial Building on Gregg

      3,150 SF commercial space suitable for office, retail, or restaurant.
      1711 S Gregg St, Big Spring, TX 79720
      View Details
    • Contact for pricing
      1,980 SF

      Industrial Property with Fenced Yard

      Flex space with office, shop, and fenced yard.
      1613 Tx-350, Big Spring, TX
      View Details
    • Contact for pricing

      High-Traffic Commercial Space Available

      9,120 sqft commercial space in high-visibility area, ideal for various uses.
      1300 S Gregg St, Big Spring, TX 79720
      View Details
    • Contact for pricing
      1,980 SF

      Hwy 350 Office & Warehouse

      Big Spring, TX Flex Space - Ideal Location
      1613 Tx-350, Big Spring, TX 79720
      View Details
    • Contact for pricing
      2,300 SF

      Big Spring Retail Pad Site

      Prime 2,300 SF Retail Space in Texas
      2601 Gregg St, Big Spring, TX 79720
      View Details

    FAQs

    What type of property is this?
    Strip mall - Office and retail suites available in a high-traffic strip center.
    Where is this strip mall located?
    The property is located at 1600 E 4Th St Big Spring, TX.
    What are key features of this property?
    This property features: - 5,200 SF Office/Retail Strip Center; - Delivered in Shell Condition with TI Allowance for Customization; - **3 Suites Available (1,500 SF, 1,500 SF, and 2,200 SF)**
    (432) 363-4777 Call to check price and availability
    Request Owner's contact information
    1600 E 4Th St 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.
    1600 E 4Th St
    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
    1600 E 4Th St 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Dodd
    Justin Dodd
    Real Estate License ID: 9004023
    (432) 363-4777 (214) 534-7976 (432) 432-7976
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!