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    6300 Shallowater Dr Lubbock, TX 79416

    For Sale
    $5,827,950

    Prime Lubbock County development land. Two parcels, five wells.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 431.7-acre property, situated in Lubbock County, Texas, presents a remarkable investment opportunity for discerning developers and builders. Located just outside city limits, this expansive land is divided into two convenient parcels: one encompassing 199 acres and the other spanning 232.7 acres. Its strategic location offers easy access to Lubbock's amenities and the Shallowater Independent School District, while remaining a mere 6.6 miles from Loop 289. The property's zoning allows for a wide array of development possibilities, including residential communities, commercial ventures, or recreational spaces. A significant advantage is the presence of five wells on the property, ensuring a readily available water supply crucial for any large-scale development project. The address is Alcove & CR 6300 Shallowater, Lubbock, TX 79416, and the asking price is $5,827,950, translating to $13,500 per acre. This land is ideally positioned near the future Loop 88, further enhancing its long-term value and accessibility. The property is zoned Outside City Limits.

    Property Features for 6300 Shallowater Dr

    General Information

    Property type
    Land
    Lot Size
    18,804,852 SF

    HighLights

    • Outside City Limits
    • Close proximity to future Loop 88
    • Served by Shallowater ISD
    • 6.6 miles from Loop 289
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9690458
    Latitude
    33.6036178

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    FAQs

    What type of property is this?
    Land - Prime Lubbock County development land. Two parcels, five wells.
    Where is this land located?
    The property is located at 6300 Shallowater Dr Lubbock, TX.
    What is the asking price?
    The asking price for this property is $5,827,950.
    What are key features of this property?
    This property features: Outside City Limits; Close proximity to future Loop 88; Served by Shallowater ISD
    (806) 239-0804
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    6300 Shallowater Dr Lubbock, TX 79416
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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
    6300 Shallowater Dr Lubbock, TX 79416
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