Commercial Land Tract with Road
4212 FM179 Lubbock, TX 79407
4212 FM179, Lubbock, TX, 79407
$537,966
For Sale
$537,966
COMMERCIAL - Lubbock, TX
Property Size2,344 SF
Lot Size1.90 Acres
Price / SF$229.51
Days on Market92
Property Features for 4212 FM179
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Fencing
- Fenced
- Standard status
- Active
- APN
- R49324
- Size
- 2,344 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Description
- BLK D6 SEC 7 AB 105 TR 2 SE/4 AC: 1.9
Utilities
- Utilities
- Water Available
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1956
- Flooring type
- Tile, Hardwood, Carpet
- Roof type
- Composition
Listing Agency
Williams & Company Real Estate
(806) 860-6945
918 Ave J, Lubbock, TX
Listed by
Cameron Seale · License #0688378
(806) 773-0821
Added: Apr 17 Checked: Jul 17 at 12:06 pm
MLS# 202605112
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.
Investment Insights
Based on property information with market context.
This 1.9-acre commercial land tract provides frontage along FM 179 and includes an existing 2,344-square-foot 3-bedroom, 2-bath home. The home is served by well and septic, offering interim use or rental potential while longer-term plans are evaluated.
The property is located outside of city limits and is described as being about one mile east of the future Loop 88 interchange at 50th Street. It sits near Marsha Sharp Freeway and is presented as convenient to major destinations, including Texas Tech University, UMC, and Covenant.
The remarks also note no city restrictions and highlight the surrounding growth and the Frenship School District. The site is positioned for a range of development approaches, as described in the listing, including industrial, retail, office, multifamily, or mixed-use.
The property is located outside of city limits and is described as being about one mile east of the future Loop 88 interchange at 50th Street. It sits near Marsha Sharp Freeway and is presented as convenient to major destinations, including Texas Tech University, UMC, and Covenant.
The remarks also note no city restrictions and highlight the surrounding growth and the Frenship School District. The site is positioned for a range of development approaches, as described in the listing, including industrial, retail, office, multifamily, or mixed-use.
Key Highlights
- 1.9‑acre tract with frontage along FM 179
- Currently improved with a 2,344 SF 3‑bedroom, 2‑bath home
- Located outside of city limits; near the future Loop 88 interchange at 50th St (about 1 mile east)
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $23.40 |
| − Vacancy | −$5.5k | −$2.34 |
| EGI | $49.4k | $21.06 |
| − OpEx | −$18.5k | −$7.90 |
| NOI | $30.9k | $13.16 |
2,344 SF · lease $23.40/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$440.8K
$385.7K – $514.2K
NOI $30,853 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$271.6K
$237.6K – $316.8K
NOI $19,010 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$590.9K
$517.1K – $689.4K
NOI $41,365 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - A 1.9-acre tract with frontage along FM 179 and an existing 3-bedroom home on well and septic.
Where is this commercial land located?
The property is located at 4212 FM179 Lubbock, TX.
What is the asking price?
The asking price for this property is $537,966.
What are key features of this property?
This property features: 1.9‑acre tract with frontage along FM 179; Currently improved with a 2,344 SF 3‑bedroom, 2‑bath home; Located outside of city limits; near the future Loop 88 interchange at 50th St (about 1 mile east)
