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    7505 Highway 84 Shallowater, TX 79363

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    For Sale
    Contact for pricing

    Retail development tract near Shallowater, TX, with highway access.

    Property size:
    31,000 SF

    Property Features for 7505 Highway 84

    General Information

    Size
    31,000 SF

    Source: Beau Tucker Agent Beau Tucker

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

    Overview

    Highway Frontage Retail Development Tract

    This retail development tract is located on the south side of Highway 84, just west of FM 1540, outside the southeastern city limits of Shallowater, TX. The 31,000-square-foot tract is positioned at a signaled highway intersection, approximately a 5-minute drive to Lubbock. Texas Tech University, University Medical Center, and Covenant Health Systems are about a 12-minute drive away. Utilities are in immediate proximity to the property, which is not located in a floodplain.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Parts Store Department Store Kitchen & Bath Food Market Grocery Store Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shallowater
    County
    Lubbock
    State
    Texas
    Longitude
    -101.984903
    Latitude
    33.6759

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    FAQs

    What type of property is this?
    Land - Retail development tract near Shallowater, TX, with highway access.
    Where is this land located?
    The property is located at 7505 Highway 84 Shallowater, TX.
    What are key features of this property?
    This property features: - Located at a signalled highway intersection.; - Short 5-minute drive to Lubbock.; - Utilities in immediate proximity.
    (806) 793-0888
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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
    7505 Highway 84 Shallowater, TX 79363
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