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    15102 University Ave Lubbock, TX 79423

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    For Sale
    $1,742,400

    Two four-acre tracts for retail, office, or commercial development.

    Property size:
    8 SF
    Lot size:
    8.00 Acres

    Property Features for 15102 University Ave

    General Information

    Zoning
    NC (Neighborhood Commercial) (pending)
    Size
    8 SF
    Lot size
    8.00 Acres

    Source: Scott Womack Agent Scott Womack

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

    Overview

    University Avenue Land Opportunity

    Two four-acre tracts of land are available fronting University Avenue at the entry to The Reserve at Dunn Mill, presenting an opportunity for retail, office, and commercial development. The tracts can be subdivided into one-acre parcels. Utility extensions have been made to the site, and septic systems will be required. The development site is located in the Lubbock Cooper Independent School District. A recent bond election resulted in the planned construction of LCISD's sixth elementary school, scheduled for completion in 2028 on 152nd Street, just to the east of University Avenue. Other residential subdivisions in the area around the offering include Allen Farms, Bell Farms, Timber Ridge, Cooper Ranch, Indiana South, Kelsey Park, and Viridian.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8705131
    Latitude
    33.4658577

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    FAQs

    What type of property is this?
    Land - Two four-acre tracts for retail, office, or commercial development.
    Where is this land located?
    The property is located at 15102 University Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,742,400.
    What are key features of this property?
    This property features: - Prime commercial development opportunity with frontage on University Avenue.; - Two four-acre tracts, sub-dividable into one-acre parcels.; - Located at the entry to The Reserve at Dunn Mill.
    (806) 784-3265
    Request Owner's contact information
    15102 University Ave Lubbock, TX 79423
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    Lubbock, TX 79423
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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
    15102 University Ave Lubbock, TX 79423
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