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    289 Swq I-27 & Loop Lubbock, TX 79416

    For Sale
    $694,890

    7.09 Acres, Prime Lubbock Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7.09-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Strategically located at the southwest corner of Interstate 27 and North Loop 289, this property enjoys unparalleled access to major transportation arteries, connecting businesses to the entire city and beyond. North Lubbock's robust growth, fueled by the presence of Texas Tech University, University Medical Center, and Covenant Health System, creates a high demand for new commercial and residential developments. This translates into significant potential for future development, catering to the needs of a growing population and thriving job market. The relatively affordable land cost in this area further enhances the investment appeal. The property's location offers convenient access to a large and diverse workforce, making it ideal for a variety of commercial ventures. Note that the current owner will retain an existing cell tower lease on the property. This prime location, coupled with the area's dynamic growth, makes this a compelling opportunity for developers seeking a strategic foothold in a rapidly expanding market. The asking price for this exceptional 7.09-acre tract is $694,890.90. The property is situated in Lubbock, Texas, zip code 79416.

    Property Features for 289 Swq I-27 & Loop

    General Information

    Property type
    Land
    Lot Size
    308,840 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.844908
    Latitude
    33.618165

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    FAQs

    What type of property is this?
    Land - 7.09 Acres, Prime Lubbock Location
    Where is this land located?
    The property is located at 289 Swq I-27 & Loop Lubbock, TX.
    What is the asking price?
    The asking price for this property is $694,890.
    (806) 784-3298
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    289 Swq I-27 & Loop 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
    289 Swq I-27 & Loop Lubbock, TX 79416
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