Sign Up Successful!
You now have access to more from Realmo!
    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

    2041 Harvard Dr Levelland, TX 79336

    Sponsored
    Picture of Residential land & home lots at Harvard Dr 2041, Levelland, TX
    For Sale
    Contact for pricing

    LAND - Levelland, TX

    Lot size:
    0.23 Acres
    Days on Market:
    32
    Last Refresh:
    Feb 5 at 8:06 am

    Property Features for 2041 Harvard Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18467
    Lot size
    0.23 Acres

    We can help!

    Listing Contact
    Haylee Hutto

    Jackson Real Estate (806) 894-0197

    Listing agent Haylee Hutto (806) 638-5473 License #0676942

    Listing date Jan 5, 2026

    MLS# 202314974

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Levelland, TX

    This residential lot is located in Levelland, Texas. The lot size is approximately 0.23 acres, making it suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Levelland
    County
    Hockley
    State
    Texas
    Longitude
    -102.360712
    Latitude
    33.56796

    Nearby Similar for Sale

    • $395,000
      11,700 SF

      Levelland Warehouse on 17.66 Acres

      11,700 SF warehouse on 17.66 acres in Levelland, TX.
      1809 W State Road 114, Levelland, TX 79336
      View Details
    • $95,000
      256 SF

      Remodeled Commercial Property in Levelland

      Renovated commercial property suitable for various business ventures.
      211 Austin St, Levelland, TX 79336
      View Details
    • $55,000
      3,200 SF

      Levelland Shop with Spacious Lot

      Versatile shop space perfect for mechanics or small business.
      1405 1St St, Levelland, TX 79336
      View Details
    • $539,000
      3,782 SF

      Levelland Commercial Property For Sale

      Commercial property in the heart of Levelland, Texas.
      1004 College Ave, Levelland, TX 79336
      View Details
    • $50,000
      5,000 SF

      Levelland Commercial Buildings For Sale

      Three buildings with storage and business potential in Levelland, TX.
      1106 Railroad Ave, Levelland, TX 79336
      View Details
    • $200,000
      1,600 SF

      Levelland Medical/Office Property For Sale

      Well-maintained commercial property in Levelland's Medical District, ideal for healthcare.
      111 John Dupre Dr, Levelland, TX 79336
      View Details
    • $250,000
      2,043 SF

      Established Thai Restaurant in Levelland

      Turnkey Thai restaurant with loyal clientele in a prime location.
      602 Austin St, Levelland, TX 79336
      View Details
    • Contact for pricing
      2,070 SF

      Freestanding Restaurant with Drive-Thru

      2,070 SF restaurant with drive-thru on major Levelland road.
      106 South College Ave, Levelland, TX 79336
      View Details
    • $50,000

      Three Buildings on Railroad Avenue

      Three buildings with storage space and large lot for sale.
      1106 Railroad Ave, Levelland, TX 79336
      View Details
    • $225,000
      7,399 SF

      Levelland Industrial Site For Sale

      Industrial or office site with yard and accessibility.
      103 W Gulf St, Levelland, TX
      View Details
    • $499,900
      8,562 SF

      Warehouse with Showroom and Offices

      Warehouse property featuring showroom, offices, and fenced yard/parking.
      Levelland, TX 79336
      View Details
    • $399,999
      8,562 SF

      Levelland Warehouse with Overhead Doors

      Warehouse with showroom, offices, and fenced yard in Levelland.
      610 Houston St, Levelland, TX 79336
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious residential lot perfect for building your dream home.
    Where is this residential land & home lot located?
    The property is located at 2041 Harvard Dr Levelland, TX.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Spacious residential lot suitable for building a home.; - Located in the heart of town.; - Lot size is approximately .229 acres.
    (806) 638-5473
    Request Owner's contact information
    2041 Harvard Dr Levelland, TX 79336
    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.
    2041 Harvard Dr
    Levelland, TX 79336
    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
    2041 Harvard Dr Levelland, TX 79336
    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
    Haylee Hutto
    Real Estate License ID: 0676942
    (806) 638-5473
    Learn more
    Google sign-in failed. Please try again or use another login method.