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

    900 Scurry St Big Spring, TX 79720

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Eight-unit multifamily property in Big Spring, Texas, with income potential.

    Property size:
    7,238 SF
    Lot size:
    0.48 Acres

    Property Features for 900 Scurry St

    General Information

    Standard status
    Active
    Size
    7,238 SF
    Lot size
    0.48 Acres

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Jack Oduro
    Source: Crexi

    Listing Agency: Moriah Real Estate Company, LLC Listing Agent: Jack Oduro

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

    Learn more

    Overview

    Big Spring Multifamily Investment Opportunity

    The Sagewood Apartments, located at 900–902 Scurry Street in Big Spring, Texas, is an 8-unit multifamily property offering stable income with upside potential. Constructed in 2000, the property is situated on approximately 0.48 acres and includes 7,238 square feet of leasable space. The property is currently 87% occupied with a consistent tenant base. Each unit features a three-bedroom, one-bath layout with an open-concept living, dining, and kitchen area, as well as in-unit washer and dryer hookups. The property has undergone improvements, including recent window replacements, new flooring in select units, and fresh interior and exterior paint. Ample on-site shared parking is available for residents. Located just south of Downtown Big Spring at the corner of Scurry Street and W 9th Street, the property is positioned just east of South Gregg Street, near high-traffic retail and daily amenities, while maintaining a quieter setting along Scurry Street. This property is suited for investors seeking immediate cash flow and those looking to continue improving the asset.
    Location Intelligence

    Current Use by Public Records

    Sagewood Apartments Apartment Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.4749279
    Latitude
    32.2459631

    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 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
    • $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
    • New
      $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
    • $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
    • $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
    • $620,000
      5,826 SF

      Remodeled Commercial Building in Downtown

      Revitalized downtown commercial building with income potential and recent upgrades.
      415 E 3Rd St, 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
    • $139,900
      1,361 SF

      Income-Generating Duplex in Big Spring

      Turnkey rental property with two homes on one lot.
      509 S Bell St, 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
    • $374,900
      6,392 SF

      Versatile Commercial Property in Big Spring

      Commercial property with I-20 access, ideal for industrial operations.
      2008 W I-20N Service Rd, 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

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Big Spring, Texas, with income potential.
    Where is this apartment building located?
    The property is located at 900 Scurry St Big Spring, TX.
    What are key features of this property?
    This property features: - Strong, consistent tenant base with 87% occupancy provides stable income.; - All units feature desirable **three-bedroom, one-bath layouts with in-unit washer and dryer hookups.**; - Recent improvements including window replacements, new flooring, and fresh paint enhance property value.
    Request Owner's contact information
    900 Scurry 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.
    900 Scurry 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
    900 Scurry 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
    Jack Oduro
    Real Estate License ID: 799220
    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!