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    7100 Alcove Ave Wolfforth, TX 79382

    For Sale
    $250,000

    Prime Wolfforth development land, high rental demand.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This 1.89-acre lot in Wolfforth, Texas, presents a unique opportunity for developers. Situated southwest of Lubbock, this rectangular parcel boasts two street frontages and enjoys a highly desirable location between a recently constructed 117-unit apartment complex (The Reserves at Preston Trails, built 2017) and newer duplexes (built 2020 and later). The strong rental market in this area makes this property particularly attractive for income-generating projects. The land is exceptionally level, free of trees and flood concerns, and has no known unusual easements. It's zoned PD, permitting multi-family development (MF), making it ideal for a small infill apartment complex or a similar neighborhood-serving development, such as a church. All city utilities are readily available, simplifying the development process. The property's size and location, combined with its favorable zoning and lack of encumbrances, offer significant potential for a variety of profitable ventures. This is a rare opportunity to acquire a well-situated, ready-to-develop parcel in a thriving Texas community. The asking price is $250,000.

    Property Features for 7100 Alcove Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    82,328 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9919
    Latitude
    33.52977

    Nearby Similar for Sale

    • $345,000
      2,800 SF

      Newer Duplex in Frenship District

      Duplex with 3 bedrooms, 2 bathrooms, and 2-car garage.
      1013 Preston Trl, Wolfforth, TX 79382
      View Details
    • $255,000
      Pending

      Charming Duplex Near Bryan Patterson Park

      Duplex with spacious layouts, private backyards, and two-car garages.
      3 Wagnon Dr, Wolfforth, TX 79382
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    • $345,000
      2,800 SF

      Wolfforth Duplex in Preston Trails

      Three-year-old duplex in Frenship ISD with upgraded features.
      1011 Preston Trl, Wolfforth, TX 79382
      View Details
    • $345,000
      2,800 SF

      Newer Duplex in Wolfforth, TX

      Stunning duplex with upgrades, easy to lease, superb location.
      1009 Preston Trl, Wolfforth, TX 79382
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    • $380,000
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      Wolfforth Duplex Investment Opportunity

      Newer duplex in Wolfforth, TX, with established tenants.
      1223 Preston Trl, Wolfforth, TX 79382
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    • $380,000
      2,800 SF

      Wolfforth Duplex Investment Opportunity

      Newer duplex in Wolfforth, TX with established tenants.
      1221 Preston Trl, Wolfforth, TX 79382
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Wolfforth development land, high rental demand.
    Where is this commercial real estate located?
    The property is located at 7100 Alcove Ave Wolfforth, TX.
    What is the asking price?
    The asking price for this property is $250,000.
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    7100 Alcove Ave Wolfforth, TX 79382
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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
    7100 Alcove Ave Wolfforth, TX 79382
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