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    504 98Th St Lubbock, TX 79404

    For Sale
    $1,306,800

    Prime Lubbock Industrial Land: 5 acres, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5-acre property, located at 504 98th Street in Lubbock, Texas, presents a remarkable opportunity for industrial development. Situated in Lubbock County, zip code 79404, this land boasts unparalleled visibility from 98th Street, ensuring high traffic exposure for any business. The property's classification includes Agricultural, Commercial, and Industrial uses, offering significant versatility for a wide range of potential projects. With its expansive 5-acre lot size, there's ample space for construction and future expansion, making it ideal for businesses seeking to establish a substantial presence in a thriving area. The asking price for this strategically located land is $1,306,800. Ownership is held by IRON HORSE ESTATES LLC. This is a rare chance to acquire a highly visible and versatile industrial site in a rapidly growing part of Lubbock. The property's location offers easy access to local transportation networks, further enhancing its appeal to businesses seeking convenient logistics. Don't miss this opportunity to secure a prime piece of Lubbock real estate. The coordinates are 33.505304 latitude and -101.8416294 longitude.

    Property Features for 504 98Th St

    General Information

    Property type
    Farms
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre industrial development site in Lubbock, TX.
    • High visibility from 98th Street in Lubbock County, zip code 79404.
    • Zoned for Agricultural, Commercial, and Industrial uses.
    • $1,306,800 asking price.
    • Owned by IRON HORSE ESTATES LLC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8416294
    Latitude
    33.505304

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    FAQs

    What type of property is this?
    Farm - Prime Lubbock Industrial Land: 5 acres, high visibility.
    Where is this farm located?
    The property is located at 504 98Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,306,800.
    What are key features of this property?
    This property features: 5-acre industrial development site in Lubbock, TX.; High visibility from 98th Street in Lubbock County, zip code 79404.; Zoned for Agricultural, Commercial, and Industrial uses.
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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
    504 98Th St Lubbock, TX 79404
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