Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sunrise Development Section 2 Tract 3A Shallowater, TX 79363

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.07 acre retail development tract on Highway 84.

    Type:Land
    Property size:
    1 SF
    Lot size:
    1.07 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 26 at 12:55 am

    Property Features for Sunrise Development Section 2 Tract 3A

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    1.07 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    David Haymes, CCIM
    David Haymes, CCIM

    Listing agent David Haymes, CCIM License #TX #0618395-SA

    Listing office WestMark Commercial | TCN Worldwide

    Listing date Jan 27, 2026

    Source Tcnworldwide

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

    All listing content including descriptions, pricing, images are the copyrighted material of WestMark Commercial | TCN Worldwide

    Overview

    Highway 84 Development Opportunity

    This 1.07 acre parcel of land is located on Highway 84 in Shallowater, TX, offering a strategic location for a retailer or land investor. Situated just east of N CR 1540 on Highway 84 (Clovis Rd.), the property benefits from high visibility and high traffic. It is ideal for retail development and is located in the thriving Shallowater area. City water is available to the site, and the property is accessible to major thoroughfares. The property is not in a flood plain, making it suitable for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Shallowater
    County
    Lubbock
    State
    Texas
    Longitude
    -101.995
    Latitude
    33.7295

    Nearby Similar for Sale

    • $400,000
      3,328 SF

      Shallowater Investment Opportunity

      Four homes on a spacious lot, great investment opportunity.
      807 Avenue L, Shallowater, TX 79363
      View Details
    • $345,000
      2,836 SF

      Shallowater, Texas Multi-Family Property

      New multi-family property in Shallowater's newest development.
      1407 17th Street unit: #A-B, Shallowater, TX 79363
      View Details
    • $350,000
      3,102 SF

      Shallowater Duplex: Investment Opportunity

      Well-maintained duplex in Shallowater, TX with immediate rental income.
      1404 17th Street unit: # A-B, Shallowater, TX 79363
      View Details
    • $195,000
      2,052 SF

      Shallowater Triplex Investment Opportunity

      Triplex in high demand Shallowater area with solid rental history.
      510 Avenue G, Shallowater, TX 79363
      View Details
    • $100,000

      Shallowater, TX 10-Acre Land

      10 acres in Shallowater, TX, choose your own builder.
      13711 N F M 2378, Shallowater, TX 79363
      View Details
    • $82,500

      Land in Shallowater, Texas

      Land for sale in a quiet, growing community.
      County Road 5700, Shallowater, TX 79363
      View Details
    • $160,000

      22.06 Acres in Shallowater, TX

      22.06 acre tract in Sunset Acres, Shallowater, TX.
      County Road 5700, Shallowater, TX 79363
      View Details
    • $160,000

      Land in Shallowater, Texas

      22.98 acres in Sunset Acres, Shallowater, TX with CR 5700 access.
      County Road 5700, Shallowater, TX 79363
      View Details
    • $207,000

      Highway Frontage Commercial Land

      15-acre tract with frontage on high-traffic Highway 84.
      6033 US-84, Shallowater, TX 79363
      View Details
    • $92,500

      Land in Shallowater, Texas

      Acreage available in quiet, award-winning Shallowater, minutes from Lubbock.
      County Road 5700, Shallowater, TX 79363
      View Details
    • $94,500

      Spacious Lot in Shallowater, TX

      One-acre lot in a thoughtfully designed residential community.
      8114 County Rd 6050, Shallowater, TX 79363
      View Details
    • $160,000

      Land Available in Shallowater, TX

      19.03 acres of land for sale in Shallowater, TX.
      County Road 5700, Shallowater, TX 79363
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.07 acre retail development tract on Highway 84.
    Where is this commercial land located?
    The property is located at Sunrise Development Section 2 Tract 3A Shallowater, TX.
    What are key features of this property?
    This property features: High visibility and high traffic location on Highway 84.; 1.07 acre parcel ideal for retail development.; Located in the thriving Shallowater area.
    (806) 789-7653
    We can help!
    Listing Contact
    David Haymes, CCIM
    David Haymes, CCIM
    Real Estate License ID: TX #0618395-SA
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!