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    Northpark Development Lubbock, TX 79416

    For Sale
    Contact for pricing

    142 Acres Mixed-Use Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 142-acre commercial land parcel presents a prime development opportunity in Lubbock, Texas. Strategically located at the intersection of Slide Road and N Loop 289, extending north to Erskine Street, this property sits within North Lubbock's premier mixed-use development corridor. The site benefits from significant infrastructure improvements, including the recent widening of Slide Road to seven lanes. Its proximity to the rapidly expanding North Pointe subdivision, a 1,500+ acre master-planned community with multiple schools, ensures high visibility and substantial future traffic flow. This location offers unparalleled access to major educational institutions, including Texas Tech University, Lubbock Christian University, and Wayland Baptist University, as well as prominent healthcare providers like University Medical Center and Covenant Health Systems. Retail amenities are also conveniently close, with South Plains Mall, Promenade at West End, Canyon West Shopping Center, and the extensive Milwaukee Corridor all within a short drive. The property is zoned for mixed-use development and is not located within a floodplain, offering developers considerable flexibility and reduced risk. Land value is priced at $15-$20 per square foot. This is the last prime commercial development opportunity on North Loop 289.

    Property Features for 0 Northpark Development

    General Information

    Property type
    Land
    Lot Size
    6,185,520 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.926024
    Latitude
    33.599768

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    FAQs

    What type of property is this?
    Land - 142 Acres Mixed-Use Land
    Where is this land located?
    The property is located at Northpark Development Lubbock, TX.
    (806) 784-3298
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    Northpark Development 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
    Northpark Development Lubbock, TX 79416
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