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    7603 Alcove Ave Unit, Unit A-D Lubbock, TX 79407

    Picture of Commercial land at Alcove Ave Unit 7603, Lubbock, TX
    For Sale
    $1,100,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    9,752 SF
    Lot size:
    4.00 Acres
    Days on Market:
    70
    Last Refresh:
    Dec 11 at 1:06 am

    Property Features for 7603 Alcove Ave Unit

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 5, Bedroom 13, Bathroom 1, Bathroom 6, Bedroom 11, Bedroom 9, Bathroom 2, Bedroom 21, Bedroom 3, Bedroom 17, Bedroom 10, Bathroom 8, Bathroom 7, Bathroom 9, Bathroom 11, Bedroom 7, Bedroom 16, Bathroom 3, Bathroom 12, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 1, Bedroom 12, Bedroom 4, Bedroom 15, Bedroom 18, Bathroom 4, Bedroom 20, Bathroom 10, Bedroom 19, Bedroom 14, Bedroom 2
    Bedrooms
    21
    Bathrooms
    12
    APN
    R130706
    Size
    9,752 SF
    Lot size
    4.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Roof type
    Composition

    Progressive Properties (806) 239-0962 [email protected]

    Listing agent Jaden Timmons (806) 559-9191 License #0686226

    Listing date Oct 3, 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

    Lubbock Land with Income Potential

    This property features approximately 4 acres of land on Alcove Avenue, offering immediate access to US-82/62 (Marsha Sharp Freeway) in a rapidly developing area. The site is improved with nine rental houses, generating approximately $8,450 per month in income. A United Supermarkets is planned across the street. Alcove Avenue is scheduled for widening, which will improve visibility and access to the property. The location is surrounded by established retail and dining businesses. The property is suitable for future retail pads, a neighborhood center, restaurants, or other service-oriented commercial uses. The existing cash flow can support the site until redevelopment begins.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.99151
    Latitude
    33.524979

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    FAQs

    What type of property is this?
    Commercial land - 4+/- acres with existing rental income and future development potential.
    Where is this commercial land located?
    The property is located at 7603 Alcove Ave Unit, Unit A-D Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime 4+\/- acre commercial land with immediate access to US-82/62 (Marsha Sharp Fwy) in a fast-growing area.; - Existing rental houses generate approximately $8,450 per month in income.; - United Supermarkets planned across the street, increasing property value.
    (806) 559-9191
    Request Owner's contact information
    7603 Alcove Ave Unit, Unit A-D Lubbock, TX 79407
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    Lubbock, TX 79407
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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
    7603 Alcove Ave Unit, Unit A-D Lubbock, TX 79407
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