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    9401 Highway 87 Lubbock, TX 79423

    Sponsored
    For Sale
    $1,166,319

    Two 4.5-acre tracts, prime industrial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional offering presents two contiguous 4.5-acre industrial land parcels ideally situated along Highway 87 in Lubbock County, Texas. Each lot boasts excellent highway frontage on the east side of Hwy 87, along the north frontage road. The southernmost parcel is conveniently located north of Absolute Nationwide Storage and south of Delta Signs, while the northern parcel sits north of Absolute Offices. The combined acreage totals nine acres, presenting a significant opportunity for development. The property is located outside city limits, meaning water and sewer services will utilize well and septic systems for any constructed buildings. While limited deed restrictions will be in place prior to sale, allowing for a wide range of potential uses, prospective buyers should inquire about specific limitations. The ample space allows for Texas Department of Transportation (TxDOT) approval of individual lot entrances; however, for multi-building developments, a shared entrance from the Hwy 87 access road may be necessary to manage traffic flow. This property is priced at $1,166,319 and offers a unique chance to acquire substantial industrial land in a rapidly growing area. The zip code is 79423.

    Property Features for 9401 Highway 87

    General Information

    Property type
    Land
    Lot Size
    392,040 SF

    HighLights

    • $1,166,319 asking price for 9 acres of industrial land
    • Located at 9401 Hwy 87, Lubbock, TX 79423
    • Two 4.5‑acre tracts available, outside city limits
    • Limited deed restrictions allow for most uses; buyer to verify permitted uses with broker
    • Well and septic required for water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Clothing Store Hotel & Motel Auto Parts Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8427087
    Latitude
    33.451952

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    FAQs

    What type of property is this?
    Land - Two 4.5-acre tracts, prime industrial location.
    Where is this land located?
    The property is located at 9401 Highway 87 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,166,319.
    What are key features of this property?
    This property features: $1,166,319 asking price for 9 acres of industrial land; Located at 9401 Hwy 87, Lubbock, TX 79423; Two 4.5-acre tracts available, outside city limits
    Request Owner's contact information
    9401 Highway 87 Lubbock, TX 79423
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    Lubbock, TX 79423
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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
    9401 Highway 87 Lubbock, TX 79423
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