114th And Alcove, Lubbock, TX 79424
This exceptional 9.1-acre commercial land tract presents a unique investment opportunity in Lubbock, Texas. Located at the intersection of 114th Street and Alcove Avenue, this property boasts 999.69 feet of frontage on 114th Street. Priced at $4 per square foot, this parcel offers significant potential for development. The land is zoned "Out of City Limits" in Lubbock County, zip code 79424. The area is experiencing substantial growth, with a nearby 160-acre parcel recently sold to a residential developer who brought water and utility infrastructure to the area, ensuring ample resources for future projects. This tract benefits from its location within the Frenship School District, a desirable attribute for residential and commercial development alike. The property's size and strategic location make it ideal for a variety of commercial ventures. This is a rare opportunity to acquire a sizable, well-positioned land parcel in a rapidly developing area of Lubbock. The asking price is $1,596,561.12. Don't miss this chance to secure a prime piece of Lubbock real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.