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    1600 E 98Th St Lubbock, TX 79416

    For Sale
    $8,000,000

    LAND - Lubbock, TX

    Lot size:
    340.00 Acres
    Days on Market:
    305
    Last Refresh:
    Dec 12 at 6:06 pm

    Property Features for 1600 E 98Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    TAX ID NOT FOUND
    Lot size
    340.00 Acres

    Utilities

    Utilities
    Electricity Available

    Rodney Henson, Broker (806) 789-9712

    Listing agent David Sewell (806) 239-7154 License #0409392

    Listing date Feb 11, 2025

    Copyright © 2025 Lubbock Association 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.

    Overview

    340 Acres Development Land Lubbock

    This property features 340 acres of development land. It is located adjacent to the Lubbock city limits at 98th and MLK in Lubbock, Texas.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.816556
    Latitude
    33.505574

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    FAQs

    What type of property is this?
    Land - 340 acres of development land adjacent to Lubbock city limits.
    Where is this land located?
    The property is located at 1600 E 98Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: - 340 Acres of Development Land; - Adjacent to Lubbock City Limits; - Located at 98th & MLK
    (806) 239-7154
    Request Owner's contact information
    1600 E 98Th St Lubbock, TX 79416
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    Lubbock, TX 79416
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    Realmo Value Estimation

    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.

    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.

    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
    1600 E 98Th St Lubbock, TX 79416
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