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    Highway 87 Lubbock, TX 79423

    For Sale
    $849,420

    6-Acre Commercial Land, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6-acre commercial land parcel presents a unique investment opportunity in the burgeoning south Lubbock area. Strategically located off Highway 87 and near Loop 493, this property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility. Zoned for commercial use outside city limits, this tract offers developers considerable flexibility in project planning. The land is priced at $849,420, translating to a land value of $3.25 per square foot. Situated within the Lubbock Cooper Independent School District, this location benefits from a strong community presence and growing residential population. The property's prime location and substantial size make it ideal for a variety of commercial developments, catering to the needs of a thriving market. This is a rare chance to acquire a significant piece of land in a rapidly developing area with excellent access to major transportation routes. The potential for future growth and return on investment is substantial, making this an attractive proposition for discerning investors and developers seeking a foothold in a dynamic Texas market. The property's location in Lubbock County, Texas, zip code 79423, offers easy access to local amenities and services. This is a truly exceptional opportunity to secure a prime piece of commercial real estate in a high-growth area.

    Property Features for 0 Highway 87

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • 6‑acre commercial land parcel in South Lubbock, TX.
    • High‑visibility location with Hwy 87 frontage near Loop 493.
    • Commercial zoning outside city limits offers development flexibility.
    • $849,420 asking price; $3.25/SF.
    • Located in the Lubbock Cooper ISD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8285062
    Latitude
    33.4214247

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    FAQs

    What type of property is this?
    Land - 6-Acre Commercial Land, Prime Location
    Where is this land located?
    The property is located at Highway 87 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $849,420.
    What are key features of this property?
    This property features: 6-acre commercial land parcel in South Lubbock, TX.; High-visibility location with Hwy 87 frontage near Loop 493.; Commercial zoning outside city limits offers development flexibility.
    (806) 239-0804
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    Highway 87 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
    Highway 87 Lubbock, TX 79423
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