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    98th St Lubbock, TX 79423

    For Sale
    $919,986

    3.52 Acres, Excellent Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.52-acre land parcel presents a remarkable investment opportunity in Lubbock, Texas. Located at the intersection of 98th Street and Gary Avenue, this property boasts a highly desirable location with significant potential for development. The land is zoned for both office and retail uses, offering flexibility for a variety of commercial projects. With a total asking price of $919,986, the price per acre comes to $261,359, reflecting the strong value proposition of this strategically positioned land. The property's address is 98th St & Gary, Lubbock, TX 79423, and its APN is R96425. This prime location offers excellent visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving Lubbock market. The substantial lot size provides ample space for a large-scale development, allowing for creative design and efficient use of space. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity. The property is ready for immediate development, presenting a unique chance to capitalize on the growing commercial sector in Lubbock. Further details are available upon request.

    Property Features for 98th St

    General Information

    Property type
    Land
    Lot Size
    153,331 SF

    HighLights

    • $919,986 asking price for 3.52 acres of land.
    • Located in Lubbock, Texas, Lubbock County, zip code 79423.
    • Property type: Land, suitable for Office and Retail development.
    • APN: R96425.
    • Land value: $261,359 per acre.
    • Address: 98th St & Gary Ave, Lubbock, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8768276
    Latitude
    33.5052712

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    FAQs

    What type of property is this?
    Land - 3.52 Acres, Excellent Location, High Potential
    Where is this land located?
    The property is located at 98th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $919,986.
    What are key features of this property?
    This property features: $919,986 asking price for 3.52 acres of land.; Located in Lubbock, Texas, Lubbock County, zip code 79423.; Property type: Land, suitable for Office and Retail development.
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    98th St 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
    98th St Lubbock, TX 79423
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