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

    N US Hwy 87 Big Spring, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Industrial property with highway frontage, offices, and expandable yard.

    Type:INDUSTRIAL
    Property size:
    5,000 SF
    Lot size:
    4.37 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    135
    Last Refresh:
    Mar 29 at 11:33 pm

    Property Features for N US Hwy 87

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    4.37 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at N US Hwy 87 Contact us

    We can help!

    Listing Contact
    Joe Magby

    Listing agent Joe Magby

    Listing office NAI Wheelhouse

    Listing date Nov 17, 2025

    Source Moodyscre

    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 NAI Wheelhouse

    Overview

    Versatile Warehouse with Secured Yard

    This versatile industrial property offers excellent highway frontage and quick access to the surrounding area. 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. 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

    Similar Places Nearby

    • ProLine Rentals — Big Spring, TX 79720

    Map

    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.49
    Latitude
    32.2623

    Nearby Similar for Lease

    • $12/mo

      Versatile Industrial Property with Highway Frontage

      Industrial property with highway frontage, secured yard, and office space.
      3611 U.S. 87, Big Spring, TX 79720
      View Details
    • Contact for pricing

      Warehouse with Covered Storage

      8,750 SF warehouse with office and covered storage.
      9306 S Service Rd, 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, 79720-4325
      View Details
    • Contact for pricing

      Office/Retail Strip Center Suites

      Office and retail suites available in a high-traffic strip center.
      1600 E 4th St, Big Spring, TX
      View Details
    • Contact for pricing

      Versatile Commercial Building on Gregg

      3,150 SF commercial space suitable for office, retail, or restaurant.
      1711 S Gregg St, Big Spring, TX
      View Details
    • $14/mo

      Big Spring Office Space Available

      Office spaces with private entrances and tenant parking.
      707-711 E 3rd St, Big Spring, TX
      View Details
    • Contact for pricing

      Office and Warehouse on Highway

      Office, warehouse, and secured yard on 0.95 acres.
      1613 TX-350, Big Spring, TX 79720
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,300 square feet.
      2601 S Gregg St, Big Spring, TX 79720
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial property with highway frontage, offices, and expandable yard.
    Where is this warehouse located?
    The property is located at N US Hwy 87 Big Spring, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    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
    We can help!
    Listing Contact
    Joe Magby
    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!