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    604 Fm 1585 Lubbock, TX 79423

    Sponsored
    For Sale
    $3,500,000

    218,758 sq ft lot, I-27 access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 218,758 square foot commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Located at 604 FM 1585, this property benefits from its strategic position within the new Loop 88 project, offering convenient access to Interstate 27 via a nearby flyover. The land boasts excellent visibility and frontage along the east side of I-27, ensuring high traffic exposure for any future development. Existing infrastructure includes a well and electricity already on-site, significantly reducing initial development costs and streamlining the construction process. The property is zoned for commercial use, making it suitable for a wide range of businesses and projects. This prime location, coupled with the existing utilities and convenient access to major transportation routes, makes this an ideal site for businesses seeking high visibility and easy accessibility. The asking price for this significant land parcel is $3,500,000. Detailed site plans and further information are available upon request. Don't miss this chance to acquire a substantial piece of commercial real estate in a rapidly growing area of Lubbock.

    Property Features for 604 Fm 1585

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Elegant Events Weddings Wedding Planner

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Clothing Store Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8416656
    Latitude
    33.4766257

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    FAQs

    What type of property is this?
    Land - 218,758 sq ft lot, I-27 access
    Where is this land located?
    The property is located at 604 Fm 1585 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    Request Owner's contact information
    604 Fm 1585 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
    604 Fm 1585 Lubbock, TX 79423
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