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    106 Park Rd Wolfforth, TX 79382

    For Sale
    Contact for pricing

    Prime multi-family development land in thriving Wolfforth, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 50+/- acre commercial land parcel presents a unique investment opportunity in the rapidly growing city of Wolfforth, Texas. Located at 106 Park Rd, 79382, this irregularly shaped tract boasts frontage on two roads (approximately 62 to 82 feet). Its strategic location offers easy access to State Road 193 and FM 179 (Dowden Rd), providing excellent connectivity. The property enjoys a desirable setting overlooking Patterson Park and its lake, situated conveniently near Frenship High School. This prime location is further enhanced by the availability of city water and sewer services

    Property Features for 106 Park Rd

    General Information

    Property type
    Land

    HighLights

    • $2.95/SF Sales Price
    • 50+/- Acre Tract
    • Irregular Shape, Frontage 62'/82'
    • Excellent Multifamily Development Site in Wolfforth, TX
    • City Water & Sewer Available (verify with Wolfforth City)
    • Drainage to Playa Lake
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.0061
    Latitude
    33.51

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    FAQs

    What type of property is this?
    Land - Prime multi-family development land in thriving Wolfforth, TX.
    Where is this land located?
    The property is located at 106 Park Rd Wolfforth, TX.
    What are key features of this property?
    This property features: $2.95/SF Sales Price; 50+/- Acre Tract; Irregular Shape, Frontage 62'/82'
    Request Owner's contact information
    106 Park Rd 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
    106 Park Rd Wolfforth, TX 79382
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