Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Crestview Addition Title is generated by Realmo AI

    2301 Highland Drive, La Mesa, TX 79331

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 2301 Highland Drive, La Mesa, TX
    For Sale
    Contact for pricing

    LAND - Lamesa, TX

    Lot size:
    0.27 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for 2301 Highland Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5770
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    Lot 10 Blk 1 Crestview Vacant Lot

    We can help!

    Listing Contact
    Deedra Cope

    Listing agent Deedra Cope License #0720244

    Listing office Steadfast Realty, LLC 2809 74th St., Unit B, Lubbock, TX

    Listing date Apr 1, 2026

    MLS# 202604251 Listing URL

    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.

    HighLights

    • Residential lot in the prestigious Crestview Addition.
    • Located at the corner of Avenue V and Highland Dr.
    • Opportunity to build a custom dream home.
    • Addison Custom Builders available to assist.
    • Option to use your own builder.
    • Area features some of the most beautiful homes in Lamesa, TX.

    Overview

    This residential lot is available in the Crestview Addition, which features homes in Lamesa, TX. Located at the corner of Avenue V and Highland Dr, the lot has a size of 0.27 acres. Custom builders are available to assist with building a home on the lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Dental Office Auto Repair Shop Gym & Fitness Center Department Store Grocery & Convenience Store Electrical Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    Dawson
    State
    Texas
    Longitude
    -101.97864
    Latitude
    32.730761

    Nearby Similar for Sale

    • $380,000
      7,000 SF

      Historic Commercial Building in Downtown Lamesa

      Remodeled commercial property with retail, office, and storage space.
      112 S Austin Avenue, Lamesa, TX 79331
      View Details
    • $770,000
      3,565 SF

      Lamesa Land with Irrigation Wells

      102 acres with shops, water wells, and family house.
      1016 County Rd E, Lamesa, TX 79331
      View Details
    • $770,000
      3,565 SF

      Lamesa Land with Water Wells

      Large shops, land, water wells, and family house.
      1016 E County Rd, Lamesa, TX 79331
      View Details
    • $99,500
      7,600 SF

      Lamesa Corner Commercial Property

      High-visibility corner property with office/retail building and ample frontage.
      1502 Lubbock Highway, Lamesa, TX 79331
      View Details
    • $175,000
      2,432 SF

      Lamesa Restaurant Opportunity For Sale

      Well-maintained restaurant in Lamesa, TX, move-in ready with equipment.
      507 N 4th Street, Lamesa, TX 79331
      View Details
    • $85,000
      3,500 SF

      Updated Office Building in Lamesa

      Updated office building with multi-tenant use possibilities in Lamesa.
      521 N 1st Street, Lamesa, TX 79331
      View Details
    • $225,000
      11,501 SF

      Lamesa Commercial Property For Sale

      Commercial property outside Lamesa city limits with barn and fenced area.
      862 N Q Avenue, Lamesa, TX 79331
      View Details
    • $435,000

      Prime Commercial Land in Lamesa

      High-visibility land ideal for retail, dining, or service businesses.
      702 N Lynn Ave. Lamesa, TX 79331
      View Details
    • $150,000
      30,840 SF

      Lamesa Commercial Property with Garage

      Commercial building with garage, office space, and owner financing.
      223 N Dallas Avenue, Lamesa, TX 79331
      View Details
    • $120,000

      Highway Frontage Land in Lamesa

      Five lots with highway frontage behind Swift Stop Convenience Store.
      1200 N 4th Street, Lamesa, TX 79331
      View Details
    • $308,000
      8,600 SF

      Unique Religious Facility with Potential

      Religious facility with auditorium, kitchen, classrooms, and potential.
      1400 S 8th Street, Lamesa, TX 79331
      View Details
    • $20,000

      Residential Lot in Crestview Addition

      Residential lot ideal for a garden home in Lamesa, TX.
      2301 Juniper Drive, Lamesa, TX 79331
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available in prestigious Crestview Addition, Lamesa, TX.
    Where is this residential land & home lot located?
    The property is located at 2301 Highland Drive La Mesa, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Residential lot in the prestigious Crestview Addition.; Located at the corner of Avenue V and Highland Dr.; Opportunity to build a custom dream home.
    (806) 759-9887
    We can help!
    Listing Contact
    Deedra Cope
    Real Estate License ID: 0720244
    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

    Thank You for Inquiry
    2301 Highland Drive, Lamesa, TX 79331
    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!