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    17810 C R 1240 Lubbock, TX 79382

    Sponsored
    For Sale
    $1,113,821

    Prime Agricultural Land near Lubbock, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 140.99-acre agricultural property, located at 17810 CR 1240 in Wolfforth, Texas, presents a unique investment opportunity. Priced at $1,113,821 ($38,500/acre), this land is zoned outside city limits in Lubbock County (APN: R131396) and is conveniently situated near major roadways. Its proximity to FM 1585, the future Loop 88, and north of Woodrow Road, between US Hwy 62/82 and FM 179, provides excellent accessibility. The property has historically been used for cattle grazing. This location offers significant advantages, benefiting from its placement within the thriving Frenship Independent School District. Lubbock, a rapidly growing city (projected 7% growth through 2022), boasts a substantial Metropolitan Statistical Area population of 318,679, making this a compelling prospect for developers and investors seeking land in a dynamic Texas market. The nearby town of Wolfforth had a population of 6,008 in 2021. This expansive acreage presents considerable potential for various development projects, capitalizing on the area's growth trajectory and strategic location. The property's size and location make it an attractive investment in a region experiencing significant expansion.

    Property Features for 17810 C R 1240

    General Information

    Property type
    Farms
    Lot Size
    6,141,524 SF

    HighLights

    • Frenship ISD schools.
    • Unincorporated area.
    • Currently used for cattle grazing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -102.0339979
    Latitude
    33.4281767

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    FAQs

    What type of property is this?
    Farm - Prime Agricultural Land near Lubbock, TX
    Where is this farm located?
    The property is located at 17810 C R 1240 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,113,821.
    What are key features of this property?
    This property features: Frenship ISD schools.; Unincorporated area.; Currently used for cattle grazing.
    Request Owner's contact information
    17810 C R 1240 Lubbock, TX 79382
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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
    17810 C R 1240 Lubbock, TX 79382
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