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

    103 Sierra Vista, Justiceburg, TX 79330

    View on Map
    Claim this Listing
    For Sale
    $299,900

    LAND - Justiceburg, TX

    Lot size:
    2.42 Acres
    Added:
    Aug 23, 2022
    Days on Market:
    1373
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for 103 Sierra Vista

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.42 Acres

    Taxes and HOA fees

    Tax Description
    Lot 103, Northridge Addition, Section 80, Block 50, Abstract 945
    Tax Annual Amount
    3500

    Utilities

    Utilities
    Cable Available
    Water source
    Private

    We can help!

    Listing Contact
    Lori Manning

    Listing agent Lori Manning License #0472308

    Listing office Realty Refined 6401 107th Street, Ste 100, Lubbock, TX

    Listing date Aug 23, 2022

    MLS# 202209338 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

    • Deep water lot with incredible water view.
    • Located in Northridge, the premier gated community on Lake Alan Henry.
    • Private boat ramp access.
    • Cul‑de‑sac location offering privacy.
    • Paved roads within the subdivision.
    • Appraisal completed 9/21.

    Overview

    This 2.42-acre residential lot is located in Justiceburg, Texas. Situated on a cul-de-sac, the property offers views of the water. The Northridge subdivision is a gated community featuring a private boat ramp, paved roads, and lake access. The property is surrounded by homes and neighbors, while also providing a degree of privacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Justiceburg
    County
    Garza
    State
    Texas
    Longitude
    -101.063472
    Latitude
    33.057917

    Nearby Similar for Sale

    • $825,000
      3,811 SF

      Justiceburg Short-Term Rental Investment Opportunity

      Income-producing short-term rentals with development potential near Lake Alan Henry.
      2456 FM 3519, Justiceburg, TX 79330
      View Details
    • $125,000

      Waterfront Lot at Lake Alan Henry

      4.29-acre waterfront lot in gated community near Lubbock.
      12 Ward, Justiceburg, TX 79330
      View Details
    • $250,000

      10 Acre Lot Ready

      10 acre lot ready for a new home!
      61-63 Ward Road, Justiceburg, TX 79330
      View Details
    • $260,000

      50 Acres of West Texas Land

      50 acres near Lake Alan Henry, ideal for recreation.
      Double Mountain Estates, Justiceburg, TX 79330
      View Details
    • $50,000

      Lake Access Land in Justiceburg

      Two-acre lot with lake access for a dream home.
      102 Lot, Justiceburg, TX 79330
      View Details
    • $43,947

      Land Near Lake Alan Henry

      Residential lot in Raider Park near Lake Alan Henry.
      Justiceburg, TX 79330
      View Details
    • $299,900

      Waterfront Lot with Lake View

      Deep water lot in gated community with private boat ramp.
      108 Sierra Vista, Justiceburg, TX 79330
      View Details
    • $43,947

      Land Near Lake Alan Henry

      Residential lot in Raider Park near Lake Alan Henry.
      Dawson, Justiceburg, TX 79330
      View Details
    • $67,000

      Lake Allen Henry Covered Lot

      Covered lot near Lake Allen Henry with included RV.
      109 Turkey Ridge, Justiceburg, TX 79330
      View Details
    • $85,000

      Elevated Lot with Lake View

      Lot with lake view and access to private boat ramp.
      136 North Ridge, Justiceburg, TX 79330
      View Details
    • $48,500

      River Front Land on Lake

      Land with river frontage, ideal for building a home.
      94 Ward Road, Justiceburg, TX 79330
      View Details
    • $30,000

      Lakefront Land in Justiceburg, TX

      2-acre lot with direct lake access in Oak Canyon.
      2544 Ward, Justiceburg, TX 79330
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.42 acre residential lot with lake views in Justiceburg, TX.
    Where is this residential land & home lot located?
    The property is located at 103 Sierra Vista Justiceburg, TX.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Deep water lot with incredible water view.; Located in Northridge, the premier gated community on Lake Alan Henry.; Private boat ramp access.
    (806) 777-0222
    We can help!
    Listing Contact
    Lori Manning
    Real Estate License ID: 0472308
    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
    103 Sierra Vista, Justiceburg, TX 79330
    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!