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

    415 E 3Rd St Big Spring, TX 79720

    Sponsored
    For Sale
    $620,000

    Retail - Big Spring, TX

    Type:Retail
    Property size:
    5,826 SF
    Lot size:
    0.33 Acres
    Days on Market:
    28
    Last Refresh:
    Jan 31 at 4:06 am

    Property Features for 415 E 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Size
    5,826 SF
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1955
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Brooke Atkins. Broker/Owner. RENE

    Atkins Realty (432) 816-1755

    Listing agent Brooke Atkins. Broker/Owner. RENE, SRS, ABR (432) 816-1755

    Listing date Jan 4, 2026

    MLS# 50085649 Listing URL

    Copyright © 2026 Permian Basin 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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Downtown Commercial Building

    Located in the heart of the city's revitalized downtown district, this remodeled commercial building offers a growth opportunity. The property features 5,826 square feet of space and includes a spacious storefront with floor-to-ceiling display windows. A rentable back parking lot is available. The building has up to 13 possible income-producing spaces, with 7 currently leased. Recent upgrades include new sewer and water lines, updated electrical systems, ADA compliance, and a 5-year-old TPO roof. The property is situated on a 0.333-acre lot. Excellent visibility and prime downtown momentum make this a standout investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Titan Zone Control Safety Equipment Supplier C & C Equipment Oil Field Equipment Supplier Krazy Kow Clothing Store Forever Young Spa ... Medical Spa Nails by Salt Nail Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.472941
    Latitude
    32.2542943

    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
    • $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
    • $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
    • $249,900
      9,360 SF

      Commercial Property with Storage Units

      Commercial property featuring garages, office space, and storage units.
      1100 E 3Rd St, Big Spring, TX 79720
      View Details
    • $3,000,000
      709,978 SF

      Big Spring Rail Facility

      Rail-served industrial property with expansion potential in Big Spring, TX.
      700 Other, Big Spring, TX 79720
      View Details

    FAQs

    What type of property is this?
    Storefront property - Revitalized downtown location with income-producing spaces and rentable parking.
    Where is this storefront property located?
    The property is located at 415 E 3Rd St Big Spring, TX.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: - Prime downtown location in a revitalized district with high visibility and growth momentum.; - **5,826 sq. ft. commercial building with spacious storefront and floor-to-ceiling display windows.**; - Up to 13 possible income-producing spaces (7 currently leased).
    (432) 816-1755
    Request Owner's contact information
    415 E 3Rd 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.
    415 E 3Rd 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
    415 E 3Rd 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!
    Listing Contact
    Brooke Atkins. Broker/Owner. RENE
    (432) 816-1755
    Learn more
    Google sign-in failed. Please try again or use another login method.