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    62-82 Frontage Wolfforth, TX 79382

    For Sale
    $568,458

    High-visibility land, ideal for industrial use.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This 1.45-acre commercial lot is strategically located on Hwy 62-82 frontage in Wolfforth, Texas (zip code 79382), Lubbock County. Priced at $568,458 ($392,040/acre), this property boasts excellent visibility, capturing southwest traffic flow from the Permian Basin, West Texas, and Eastern New Mexico. Its Transitional zoning permits a variety of uses, making it suitable for warehouse, showroom, or industrial development. The site benefits from existing utilities and enjoys a prime location near major businesses. Nearby national companies include American Tire Distributors, PoolCorp, Holiday Inn, Sonic, Stripes, and the under-construction Covenant Hospital. Patel Drive provides convenient access to Alcove Ave and 87th Street in Lubbock, enhancing connectivity and accessibility. This exceptional location offers significant potential for businesses seeking high visibility and convenient access to major transportation routes. The property is ready for development, presenting a unique opportunity for investors and businesses alike.

    Property Features for 62-82 Frontage

    General Information

    Property type
    Land

    HighLights

    • High visibility location with excellent southwest exposure, capturing traffic from the Permian Basin, West Texas, and Eastern New Mexico.
    • Convenient access to major roadways (US 62/82) via Patel Drive, connecting to Alcove Ave and 87th Street in Lubbock. Utilities are available.
    • Strong tenant base nearby, including American Tire Distributors, PoolCorp, Holiday Inn, Sonic, Stripes, and Covenant Hospital (under construction).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.0226514
    Latitude
    33.4997732

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    FAQs

    What type of property is this?
    Land - High-visibility land, ideal for industrial use.
    Where is this land located?
    The property is located at 62-82 Frontage Wolfforth, TX.
    What is the asking price?
    The asking price for this property is $568,458.
    What are key features of this property?
    This property features: High visibility location with excellent southwest exposure, capturing traffic from the Permian Basin, West Texas, and Eastern New Mexico.; Convenient access to major roadways (US 62/82) via Patel Drive, connecting to Alcove Ave and 87th Street in Lubbock. Utilities are available.; Strong tenant base nearby, including American Tire Distributors, PoolCorp, Holiday Inn, Sonic, Stripes, and Covenant Hospital (under construction).
    Request Owner's contact information
    62-82 Frontage 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
    62-82 Frontage Wolfforth, TX 79382
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