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    7716 18Th St Lubbock, TX 79416

    For Sale
    $3,000,000

    Prime Lubbock land, 252 lots, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 40-acre parcel in Northwest Lubbock, Texas, presents a remarkable opportunity for residential development. Located near the intersection of 19th Street and Alcove Avenue, this pre-platted land offers 252 lots, minimizing pre-development costs and timelines. The property's strategic location provides easy access to downtown Lubbock, Texas Tech University, and major employment centers via nearby major thoroughfares. Future residents will enjoy convenient proximity to shopping, dining, parks, and top-rated schools. This thriving area boasts a blend of suburban tranquility and urban convenience, appealing to families, professionals, and retirees. The strong Lubbock housing market and the site's scalability allow for flexible phased construction, enabling strategic market entry and financial planning. This $3,000,000 investment offers a high-return potential in a proven growth corridor, making it ideal for developers, investors, and builders seeking to create a thriving new residential community. The land is priced at $75,000 per acre. This is more than just land; it's a vision waiting to be realized.

    Property Features for 7716 18Th St

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • $3,000,000 asking price for 40 acres of pre‑platted residential land in Northwest Lubbock, Texas.
    • High‑growth Northwest Lubbock location near major thoroughfares, offering easy access to downtown, Texas Tech University, and employment centers.
    • Convenient to shopping, dining, parks, and top‑rated schools.
    • Attractive to families, professionals, and retirees seeking a blend of suburban tranquility and urban convenience.
    • Pre‑platted 40‑acre site with 252 lots, minimizing pre‑development costs and timelines.
    • Strong Lubbock housing market demand allows for flexible phased construction and strategic financial management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.989181
    Latitude
    33.5800838

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    FAQs

    What type of property is this?
    Land - Prime Lubbock land, 252 lots, ready to build.
    Where is this land located?
    The property is located at 7716 18Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for 40 acres of pre-platted residential land in Northwest Lubbock, Texas.; High-growth Northwest Lubbock location near major thoroughfares, offering easy access to downtown, Texas Tech University, and employment centers.; Convenient to shopping, dining, parks, and top-rated schools.
    (806) 543-8568
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    7716 18Th St Lubbock, TX 79416
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    Lubbock, TX 79416
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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
    7716 18Th St Lubbock, TX 79416
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