Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1306 12Th St Big Lake, TX 76932
    Back to Search
    Property profile & analytics

    1306 12Th St Big Lake, TX 76932

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US83-1329588
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Santa Rita Homes / Apartment Building

    Property Details for 1306 12Th St

    Year built
    2019
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 31-unit apartment building in Big Lake, Texas, boasting a compelling 9.1% capitalization rate. Constructed in 2019, the property comprises 34,846 net rentable square feet across eleven single-story buildings. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $427,218. Located at 1306 E 12th St, Big Lake, TX 76932, this fully furnished complex enjoys a prime location directly across from Reagan County High School. The strong performance is attributed to consistent cash flow, low maintenance requirements, local staff management, and corporate leases. Big Lake's thriving economy, fueled by oil & gas, wind and solar energy, construction, and other industries, creates a high-demand rental market with limited competition. The city's strategic location, 77 miles southeast of Midland and 71 miles west of San Angelo at the intersection of Highway 137 and Highway 67, further enhances its appeal. This asset offers a rare combination of high occupancy, strong cash flow, and a desirable location, making it an ideal investment for discerning buyers seeking consistent returns. Financial details and property information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Big Lake
    County
    Reagan
    State
    Texas
    Longitude
    -101.45109210607
    Latitude
    31.200755252477

    Comparable in this City

    • Contact for pricing

      Land with Commercial Potential

      Land suitable for RV park, store, or stables.
      03 Tx-137, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Highway Frontage Land For Sale

      Large 10-acre tract with highway frontage near Big Lake.
      Tx-137, Big Lake, TX 76932
      View Details
    • $990,000
      9,048 SF

      Industrial Facility with Office Space

      9,048 SF industrial facility with office on 3.75 acres.
      370 Josh Mitchell Ave, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Land with Commercial Potential

      Versatile land suitable for various commercial ventures.
      00 Hughes Rd, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Highway Frontage Land Tract

      Large 10-acre tract with highway frontage near Big Lake, TX.
      Tx-137, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Colorado Street Industrial Lot

      Industrial lot with frontage on Colorado Street in Big Lake.
      755 Colorado St, Big Lake, TX 76932
      View Details

    Similar Nearby for Sale

    • $990,000
      9,048 SF

      Industrial Facility with Office Space

      9,048 SF industrial facility with office on 3.75 acres.
      370 Josh Mitchell Ave, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Land with Commercial Potential

      Land suitable for RV park, store, or stables.
      03 Tx-137, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Highway Frontage Land For Sale

      Large 10-acre tract with highway frontage near Big Lake.
      Tx-137, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Land with Commercial Potential

      Versatile land suitable for various commercial ventures.
      00 Hughes Rd, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Highway Frontage Land Tract

      Large 10-acre tract with highway frontage near Big Lake, TX.
      Tx-137, Big Lake, TX 76932
      View Details
    • Contact for pricing

      Colorado Street Industrial Lot

      Industrial lot with frontage on Colorado Street in Big Lake.
      755 Colorado St, Big Lake, TX 76932
      View Details
    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.
    1306 12Th St
    Big Lake, TX 76932
    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

    Thank You for Inquiry
    1306 12Th St, Big Lake, TX, 76932
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!