Property profile

0 184Th St Lubbock, TX 79423

OFF-MARKET
Land
75 ac lot
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Property summary

AI-generated overview

Exceptional investment or development opportunity in Lubbock County, Texas. This expansive 75-303 acre tract, located near CR 2040 & 184th, offers unparalleled potential. Situated conveniently near the new Loop 88 and Red Feather Country Club, yet outside city limits, this property boasts a prime location. Pre-platted for Magnolia Estates South, this land is ready for immediate development, leveraging existing engineering and surveying work already completed. Alternatively, buyers can create their own site plan. The property is divisible into 75-acre parcels, catering to various investment strategies. Located within the rapidly growing Cooper ISD, this land presents a unique opportunity to capitalize on the increasing demand for residential properties in this desirable area. One-plus acre tracts outside city limits, yet close to Lubbock, are highly sought after by homebuyers. This makes this large parcel an attractive investment, whether developed as a residential addition or held as a significant land asset. The $25,000 per acre price point presents a compelling value proposition in the current market.

Property profile

Verified
Property type Land
Lot 75 ac (3,267,000 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

184Th St Lubbock, TX 79423
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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