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    & CR 6 N Main St New Home, TX 79381

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    For Sale
    $1,300,000

    Development tract in growing community with great school system.

    Lot size:
    116.43 Acres

    Property Features for & CR 6 N Main St

    General Information

    Lot size
    116.43 Acres

    Source: Coldwell Banker Commercial Capital Advisors Agent Beau Tucker CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Growing New Home

    Located just north of New Home, TX, on the east side of Main Street, this large development tract of land is ideal and ready for residential, high-density, and affordable housing developments. New Home is a growing small community with a great school system. Since 2000, New Home’s population, average home value, and average income have more than doubled. Being one of the only penetrating roads through FM 41, the southern growth from Lubbock is naturally funneled down Slide Road to New Home. This natural growth has fueled many new subdivisions such as The Palms, Broadview Estates, Nora West, Ranchland Estates, Brooke Manor, and Gill Estates. The school system has maintained an A rating with zero dropouts and 100% graduation over the last four years. Additionally, New Home scores higher on SAT/ACT testing than the state average. A portion of this property is in the floodplain.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Department Store HVAC Service Grocery Store Convenience Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    New Home
    County
    Lynn
    State
    Texas
    Longitude
    -101.912179
    Latitude
    33.327459

    Nearby Similar for Sale

    • $257,000
      26.00 Acres

      26-Acre Ranchette with Well

      26-acre ranchette with well, Quonset hut, ideal homesite.
      555 Fm 1317, New Home, TX 79383
      View Details

    FAQs

    What type of property is this?
    Land - Development tract in growing community with great school system.
    Where is this land located?
    The property is located at & CR 6 N Main St New Home, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Located in New Home, TX, a rapidly growing community.; - Ideal for residential, high-density, and affordable housing developments.; - New Home school system boasts an A rating.
    (806) 470-3944
    Request Owner's contact information
    & CR 6 N Main St New Home, TX 79381
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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
    & CR 6 N Main St New Home, TX 79381
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