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    Property profile & analytics

    4816 Parkway Rd Big Spring, TX 79720

    • Commercial real estate
    • 4.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0750306
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4816 Parkway Rd

    Lot size
    4.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.2-acre property, located at 4816 Parkway Rd in Big Spring, Texas, presents a unique investment opportunity. Zoned for agricultural, commercial, and residential use, this versatile land offers a multitude of development possibilities. Situated in Howard County, zip code 79720, the property boasts no restrictions, providing significant flexibility for future projects. The expansive lot size allows for a range of uses, from agricultural pursuits to commercial ventures or residential development. Its prime location in Big Spring offers convenient access to local amenities and infrastructure. With its considerable acreage and unrestricted zoning, this property is ideal for those seeking a substantial land holding with diverse potential. The asking price is $40,000. Coordinates for the property are 32.1911064 latitude and -101.4784846 longitude. Serious inquiries are encouraged to explore the full potential of this remarkable land parcel. This is a rare opportunity to acquire a large tract of land in a desirable location with a multitude of potential uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Spring
    County
    Howard
    State
    Texas
    Longitude
    -101.4784846
    Latitude
    32.1911064

    Comparable in this City

    • $867,370
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      300+ Acres in Howard County

      Agricultural/recreational land with income potential near Big Spring, TX.
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    • $340,000
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      34 Acres Fenced Land

      34 acres of fenced land with utilities near Big Spring.
      303 Hughes Rd, Big Spring, TX 79720
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    • $150,000
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      Income-Generating Duplex in Big Spring

      Turnkey rental property featuring two homes on one lot.
      509 S Bell St, Big Spring, TX 79720
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    • $359,000
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      Mixed-Use Property in Big Spring

      Two properties ideal for living, working, or investing.
      104&108 Salem Rd, Big Spring, TX 79720
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    • $325,000
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      Versatile Commercial Property Near Big Spring

      2-acre commercial property with office, storage, and housing units.
      7007 Fm 846, Big Spring, TX 79720
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    • $299,000
      1,887 SF

      Versatile Property on 2.4+ Acres

      Spacious home with tiny home, suitable for residential or commercial.
      2210 Highway 350 E, Big Spring, TX 79720
      View Details

    Similar Nearby for Sale

    • $867,370
      305.79 Acres

      300+ Acres in Howard County

      Agricultural/recreational land with income potential near Big Spring, TX.
      Fm 669, Big Spring, TX 79720
      View Details
    • $340,000
      34.00 Acres

      34 Acres Fenced Land

      34 acres of fenced land with utilities near Big Spring.
      303 Hughes Rd, Big Spring, TX 79720
      View Details
    • $150,000
      1,361 SF

      Income-Generating Duplex in Big Spring

      Turnkey rental property featuring two homes on one lot.
      509 S Bell St, Big Spring, TX 79720
      View Details
    • $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
    • $299,000
      1,887 SF

      Versatile Property on 2.4+ Acres

      Spacious home with tiny home, suitable for residential or commercial.
      2210 Highway 350 E, Big Spring, TX 79720
      View Details

    Similar Nearby for Lease

    • $6,545 /Mo
      8,750 SF

      Warehouse with Covered Storage

      8,750 SF warehouse with office and covered storage.
      9306 S Service Rd, Big Spring, TX 79720
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    • Contact for pricing
      2,300 SF

      Big Spring Retail Pad Site

      Prime 2,300 SF Retail Space in Texas
      2601 Gregg St, Big Spring, TX 79720
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    • $14 SF/Yr
      5,220 SF

      Big Spring Office Space Available

      Office spaces with private entrances and tenant parking.
      707-711 E 3Rd St, Big Spring, TX 79720
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    • $12 SF/Yr
      5,000 SF

      Versatile Warehouse with Secured Yard

      Industrial property with highway frontage, offices, and expandable yard.
      N Us Highway 87, Big Spring, TX 79720
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    • Contact for pricing
      1,980 SF

      Hwy 350 Office & Warehouse

      Big Spring, TX Flex Space - Ideal Location
      1613 Tx-350, Big Spring, TX 79720
      View Details
    • Contact for pricing
      2,200 SF

      Office/Retail Strip Center Suites

      Office and retail suites available in a high-traffic strip center.
      1600 E 4Th St, Big Spring, TX 79720
      View Details
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    4816 Parkway Rd
    Big Spring, TX 79720
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    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
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