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    13005 Norfolk Ave Lubbock, TX 79424

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    For Sale
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    1.23 Acres, Lubbock, TX - Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.23-acre commercial land tract presents a unique investment opportunity in Lubbock, Texas. Strategically located along the future Loop 88, this property enjoys exceptional visibility and accessibility. The site is zoned for Heavy Commercial (HC) use, allowing for a wide range of development possibilities. Situated within the desirable Lubbock-Cooper Independent School District, the area is experiencing significant residential growth, with nearby thriving subdivisions including Kelsey Park, Viridian, Bella Mia Estates, and Bell Farms. The property's proximity to the prestigious Red Feather Golf & Social Club further enhances its appeal. Convenient access is provided by Quaker and Indiana Avenues, both widened to seven lanes, ensuring ease of access for customers and employees. The location is outside of any designated floodplain, minimizing development risks. This prime location, coupled with the ongoing expansion of both residential and commercial developments in the immediate vicinity, makes this tract ideally suited for immediate commercial development, offering significant potential for future returns. The property's address is 13005 Norfolk Ave, Lubbock, TX 79424, within Lubbock County.

    Property Features for 13005 Norfolk Ave

    General Information

    Property type
    Land
    Lot Size
    53,579 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9233964
    Latitude
    33.47561

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    FAQs

    What type of property is this?
    Land - 1.23 Acres, Lubbock, TX - Prime Location
    Where is this land located?
    The property is located at 13005 Norfolk Ave Lubbock, TX.
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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
    13005 Norfolk Ave Lubbock, TX 79424
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