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    5800 Elm Ave Lubbock, TX 79404

    For Sale
    $1,500,000

    Excellent location, high visibility, $1.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.5 million dollar industrial land parcel in Lubbock, Texas boasts 630 feet of frontage on Elm Avenue, offering unparalleled visibility and accessibility. Its strategic location provides ready access to major transportation arteries including 50th Street, US 84, Loop 289, and I-27, ensuring seamless logistics and distribution. The property's adjacency to a FedEx Ground Distribution Center further enhances its appeal and strategic value. The surrounding area is home to a cluster of established businesses, including Labatt Foods, Ashley Furniture, Border States Electric, Penske Truck Leasing, and Albertsons, all within a one-mile radius. This prime location offers significant advantages for businesses seeking a high-traffic, easily accessible site for industrial development or investment. The property's size and location make it an ideal candidate for a variety of industrial uses, presenting a compelling opportunity for significant return on investment. The address is 5800 Elm Ave, Lubbock, TX 79404, in Lubbock County.

    Property Features for 5800 Elm Ave

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price.
    • 10.5‑acre industrial land parcel in Lubbock, TX.
    • 630 feet of frontage on Elm Avenue.
    • Excellent access to major roadways including US 84, Loop 289, and I‑27.
    • Strategic location near FedEx Ground, Labatt Foods, Ashley Furniture, and other major businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8313823
    Latitude
    33.5415571

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    FAQs

    What type of property is this?
    Land - Excellent location, high visibility, $1.5M
    Where is this land located?
    The property is located at 5800 Elm Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 10.5-acre industrial land parcel in Lubbock, TX.; 630 feet of frontage on Elm Avenue.
    Request Owner's contact information
    5800 Elm Ave Lubbock, TX 79404
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    Lubbock, TX 79404
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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
    5800 Elm Ave Lubbock, TX 79404
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