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    114 Sec Fm 179 & Hwy Lubbock, TX 79407

    For Sale
    Contact for pricing

    7.98 Acres, High Traffic, C-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.98-acre commercial land parcel presents a prime investment opportunity in Lubbock, Texas. Strategically located at the intersection of FM 179 and Highway 114 (19th Street), this property boasts a high-traffic location with over 35,000 vehicles passing daily, ensuring significant visibility and accessibility. The property is zoned C-3, allowing for a wide range of commercial development possibilities. The land is divisible, offering flexibility for various project sizes and investment strategies. The pricing varies by section: a hard corner approximately 3.01 acres is priced at $15 per square foot

    Property Features for 114 Sec Fm 179 & Hwy

    General Information

    Property type
    Land
    Lot Size
    347,609 SF

    HighLights

    • Hard Corner Lot: 3.01‑acre parcel, $15/SF.
    • 19th Street Tract: 2.5‑acre parcel, $12/SF.
    • FM 179 Tract: 2.34‑acre parcel, $11/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -102.0091128
    Latitude
    33.5763096

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    FAQs

    What type of property is this?
    Land - 7.98 Acres, High Traffic, C-3 Zoning
    Where is this land located?
    The property is located at 114 Sec Fm 179 & Hwy Lubbock, TX.
    What are key features of this property?
    This property features: Hard Corner Lot: 3.01-acre parcel, $15/SF.; 19th Street Tract: 2.5-acre parcel, $12/SF.; FM 179 Tract: 2.34-acre parcel, $11/SF.
    Request Owner's contact information
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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
    114 Sec Fm 179 & Hwy Lubbock, TX 79407
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