Property profile

10902 Oak Ridge Ave Lubbock, TX 79424

OFF-MARKET
Land
11.09 ac lot
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Property summary

AI-generated overview

This exceptional 11.09-acre tract of land presents a remarkable opportunity for residential development in southwest Lubbock, Texas. Located at 10902 Oakridge Avenue, 79424, this property boasts a prime location just west of One Ford Road, on the northwest side of the intersection of 110th Street and Milwaukee Avenue. The land is zoned SF-2 and has already been pre-platted for 65 single-family home lots, along with multiple planned pocket parks. However, the existing plat is adaptable to suit a developer's specific vision and needs. This area is experiencing rapid growth, situated along the thriving south Milwaukee commercial corridor, which features a mix of retail, office, single-family, and multi-family developments. The asking price for this significant development opportunity is $1,449,241. This property offers investors and developers a chance to capitalize on the burgeoning residential market in a highly desirable Lubbock location. The pre-platted design provides a solid foundation for immediate development, minimizing upfront planning costs and streamlining the approval process. Don't miss this chance to acquire a substantial parcel of land in a rapidly expanding area of Lubbock.

Property profile

Verified
Property type Land
Lot 11.09 ac (483,080 SF)

Cap rate & NOI

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

Location

10902 Oak Ridge Ave Lubbock, TX 79424
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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