Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    102 Ave L Dr Shallowater, TX 79363
    Back to Search
    Property profile & analytics

    102 Ave L Dr Shallowater, TX 79363

    View on Map
    • Commercial real estate
    • 8.39 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 102 Ave L Dr

    Lot size
    8.39 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 8.388-acre commercial property enjoys prime frontage on Highway 84 within the Shallowater city limits. Its high-traffic location ensures maximum visibility for any commercial venture. The expansive acreage presents a multitude of development possibilities, catering to the growing needs of the community. Ideal for businesses seeking high visibility and accessibility, this property offers significant potential for investors and developers. Situated in a thriving area, this land is poised to benefit from the increasing demand for both residential and commercial properties in Shallowater. The large lot size allows for substantial development, accommodating a wide range of commercial uses. Its strategic location on a major highway guarantees consistent exposure to a large volume of daily traffic. This presents a unique opportunity to establish a strong presence in a rapidly developing Texas town. The property's size and location make it an attractive investment for those seeking to capitalize on the growth and potential of Shallowater. Serious inquiries are encouraged to explore the full range of development possibilities this exceptional property offers. The seller is motivated and ready to negotiate with qualified buyers. Don't miss this chance to acquire a significant piece of commercial real estate in a burgeoning market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shallowater
    County
    Lubbock
    State
    Texas
    Longitude
    -101.991
    Latitude
    33.68

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Us-84

      Land • 1.00 Acre
      0 Us-84, Shallowater, TX 79363
      View Details
    • Value Estimation by Request

      6801 Dean Rd

      COMMERCIAL (GENERAL)
      6801 Dean Rd, Shallowater, TX 79363
      View Details
    • Value Estimation by Request
      1.00 Acre

      Ave E Ave

      COMMERCIAL (GENERAL) • 1.00 Acre
      Ave E Ave, Shallowater, TX 79363
      View Details
    • Value Estimation by Request
      1.00 Acre

      3818 County Rd 1670

      COMMERCIAL (GENERAL) • 1.00 Acre
      3818 County Rd 1670, Shallowater, TX 79363-3940
      View Details
    • Value Estimation by Request
      678 SF

      603 Clovis Rd

      COMMERCIAL (GENERAL) • 678 SF
      603 Clovis Rd, Shallowater, TX 79363-5746
      View Details
    • Value Estimation by Request
      1,120 SF

      8005 County Rd 5830

      COMMERCIAL (GENERAL) • 1,120 SF
      8005 County Rd 5830, Shallowater, TX 79363-3053
      View Details

    Similar Nearby for Sale

    • $87,500
      1.00 Acre

      Spacious Lot in Shallowater, TX

      One-acre lot in a thoughtfully designed residential community.
      8105 County Rd 6050, Shallowater, TX 79363
      View Details
    • $85,500
      1.00 Acre

      Spacious Lot in Shallowater, TX

      One-acre lot in a thoughtfully designed residential community.
      7921 County Rd 6050, Shallowater, TX 79363
      View Details
    • $97,500
      1.00 Acre

      Residential Land in Shallowater, TX

      One-acre residential lots in a thoughtfully designed community.
      7914 County Rd 6050, Shallowater, TX 79363
      View Details
    • $35,000
      1.00 Acre

      Acre Lot Near Lubbock, TX

      One-acre lots near Lubbock, TX, owner financing available.
      Tiger Farms 2, Shallowater, TX 79363
      View Details
    • $79,500
      1.09 Acres

      Residential Land in Shallowater, TX

      Luxury 1-acre lots in a thoughtfully designed residential community.
      8121 County Rd 6050, Shallowater, TX 79363
      View Details
    • $85,500
      1.00 Acre

      Residential Land in Shallowater, TX

      One-acre residential lots in a thoughtfully designed community.
      7917 County Rd 6050, Shallowater, TX 79363
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Ave L Dr
    Shallowater, TX 79363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102 Ave L Dr, Shallowater, TX, 79363
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!