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    15102 University Ave Lubbock, TX 79423

    For Sale
    $1,742,400

    8 Acres, University Ave Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 8-acre commercial land parcel in Lubbock, Texas, offers a prime development opportunity. Situated on University Avenue at the entrance to The Reserve at Dunn Mill, this property is zoned Transitional and presents itself as two four-acre tracts, easily subdivided into one-acre lots. Each acre is priced at $6.50 per square foot. The site boasts convenient utility access, although septic systems will be required for any development. This location benefits from its placement within the highly sought-after Lubbock Cooper Independent School District (LCISD), which is slated to open its sixth elementary school in 2028, just east of University Avenue. The surrounding area is experiencing rapid growth, with established residential communities like Allen Farms, Bell Farms, Timber Ridge, Cooper Ranch, Indiana South, Kelsey Park, and Viridian nearby. This strategic location and the potential for retail, office, or commercial development make this an exceptional investment opportunity in a thriving South Lubbock market. The property's address is 15102 University Ave, Lubbock, TX 79423, and is located in Lubbock County. The asking price for the entire 8-acre parcel is $1,742,400.

    Property Features for 15102 University Ave

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • 8‑acre commercial land parcel in Lubbock, TX, zoned Transitional, easily subdivided into one‑acre lots.
    • Each acre priced at $6.50 per square foot, totaling $1,742,400 for the entire parcel.
    • Utilities readily accessible; septic systems required for development.
    • Located in the highly desirable Lubbock Cooper ISD, near a planned sixth elementary school opening in 2028.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8709306
    Latitude
    33.4568833

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    FAQs

    What type of property is this?
    Land - 8 Acres, University Ave Frontage
    Where is this land located?
    The property is located at 15102 University Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,742,400.
    What are key features of this property?
    This property features: 8-acre commercial land parcel in Lubbock, TX, zoned Transitional, easily subdivided into one-acre lots.; Each acre priced at $6.50 per square foot, totaling $1,742,400 for the entire parcel.; Utilities readily accessible; septic systems required for development.
    (806) 784-3265
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    15102 University Ave Lubbock, TX 79423
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    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
    15102 University Ave Lubbock, TX 79423
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