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    5202 Erskine St Lubbock, TX 79416

    For Sale
    $4,573,800

    Prime Lubbock land, high-density zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 17.5-acre commercial land parcel is situated in Lubbock, Texas, within the thriving North Pointe master-planned community. Located at 5202 Erskine St, Lubbock, TX 79416, this property boasts HDR zoning, already permitting high-density apartment development. The asking price is $4,573,800, translating to $261,360 per acre. Utilities are readily available, simplifying development plans. The seller is open to dividing the property, offering flexibility for various development scenarios. Seller financing is available for qualified buyers. North Pointe is a large, established community north of Loop 289, between Erskine and Marshall Avenues, featuring walking trails, retail outlets, and Centennial Elementary School, with plans for additional schools. This location offers convenient access to amenities and a desirable residential setting, making it an attractive investment opportunity for high-density residential development. The property's prime location and existing zoning make it an ideal investment for developers seeking to capitalize on Lubbock's growing residential market.

    Property Features for 5202 Erskine St

    General Information

    Property type
    Land
    Lot Size
    762,300 SF

    HighLights

    • $4,573,800 asking price for 17.5 acres of commercial land.
    • Seller financing available for qualified buyers.
    • Property is divisible.
    • Utilities readily available.
    • High‑density (HDR) apartment zoning.
    • Located in the North Pointe master‑planned community in Lubbock, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Toot'n Totum Convenience Store Valero Gas Station

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.92309200567
    Latitude
    33.606752931684

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    FAQs

    What type of property is this?
    Land - Prime Lubbock land, high-density zoning.
    Where is this land located?
    The property is located at 5202 Erskine St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $4,573,800.
    What are key features of this property?
    This property features: $4,573,800 asking price for 17.5 acres of commercial land.; Seller financing available for qualified buyers.; Property is divisible.
    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
    5202 Erskine St Lubbock, TX 79416
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