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

    1909 S Gregg St Big Spring, TX 79720

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail and warehouse space available for sale or lease.

    Type:Retail
    Property size:
    6,800 SF
    Added:
    Jul 28, 2024
    Days on Market:
    631
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1909 S Gregg St

    General Information

    Standard status
    Active
    Size
    6,800 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Wade Fitzgerald

    Listing agent Wade Fitzgerald License #TX 289024

    Listing office Fitzgerald Commercial Real Estate

    Listing date Jul 28, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Fitzgerald Commercial Real Estate

    Overview

    Retail/Warehouse Space For Sale

    This property presents an opportunity for an owner/user, lease, or redevelopment. The owner is open to subdividing the space. It features 5,400 square feet of heated and cooled space, complemented by an additional 1,400 square feet of warehouse space. The property is situated directly across Business U.S. Highway 87 (South Gregg Street) from the only H.E.B. Grocery in Howard County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.4719509
    Latitude
    32.2359716

    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
    • $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
    • $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
    • $699,000
      5,585 SF

      Downtown Big Spring Landmark Building

      Operating pool hall with apartment potential in revitalizing downtown.
      102 E 3rd St, Big Spring, TX 79720
      View Details
    • $149,900
      1,600 SF

      Commercial Lot with Insulated Shop

      Commercial lot with insulated shop and security fence in Big Spring.
      1407 E 6th St, Big Spring, TX 79720
      View Details
    • $40,000
      1,710 SF

      Commercial Property with Existing Shop

      Commercial property for sale with existing shop in Big Spring.
      1230 W 3rd St, Big Spring, TX 79720
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and warehouse space available for sale or lease.
    Where is this retail space located?
    The property is located at 1909 S Gregg St Big Spring, TX.
    What are key features of this property?
    This property features: Prime location directly across from the only H.E.B. Grocery in Howard County.; Subdividing option available.; Boasts 5,400 sq.ft. of heated and cooled space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wade Fitzgerald
    Real Estate License ID: TX 289024
    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!