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    Frankford & Princeton Lubbock, TX 79416

    Sponsored
    For Sale
    $1,543,417

    8.8 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 8.858-acre commercial land parcel is situated at the northeast corner of North Frankford and Princeton in Lubbock, Texas, zip code 79416. Located in northwest Lubbock, near the intersection of 4th and Frankford, this prime site presents a significant opportunity for multifamily development. Ideal for apartments, townhouses, or mixed-use projects, the property benefits from its strategic location near local amenities, major roadways, Texas Tech University, and the medical district. This translates to strong potential for attracting residents seeking convenient access to education, healthcare, and everyday conveniences. The property's development readiness is enhanced by the presence of existing water service

    Property Features for 0 Frankford & Princeton

    General Information

    Property type
    Land
    Lot Size
    385,854 SF

    HighLights

    • Highly desirable location.
    • Excellent opportunity for multifamily, townhouse, or mixed‑use development.
    • Close proximity to numerous local conveniences.
    • Conveniently located near Texas Tech University and the Medical District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9398351
    Latitude
    33.6213445

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    FAQs

    What type of property is this?
    Land - 8.8 Acres, Multifamily Potential
    Where is this land located?
    The property is located at Frankford & Princeton Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,543,417.
    What are key features of this property?
    This property features: Highly desirable location.; Excellent opportunity for multifamily, townhouse, or mixed-use development.; Close proximity to numerous local conveniences.
    (806) 470-4988
    Request Owner's contact information
    Frankford & Princeton Lubbock, TX 79416
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    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
    Frankford & Princeton Lubbock, TX 79416
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