Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6714 104Th St Lubbock, TX 79424
    Back to Search
    Property profile & analytics

    6714 104Th St Lubbock, TX 79424

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6714 104Th St

    Property type
    Land

    Description

    This expansive residential land tract presents a remarkable development opportunity in Lubbock, Texas. Located on the north side of 104th Street, just west of Milwaukee Avenue, this property sits within one of Lubbock's fastest-growing areas, characterized by significant new construction, improved amenities, and expanding infrastructure. The site offers convenient access to major thoroughfares, ensuring easy accessibility for future residents or businesses. While a minor portion of the land falls within the floodplain, the majority remains highly suitable for various development projects. All essential utilities are readily available with only a short extension required. This makes the property ideal for immediate development, whether the focus is multifamily housing, commercial ventures, or mixed-use developments. The thriving community and rapid expansion of southwest Lubbock make this an exceptional investment prospect. This is a rare chance to capitalize on the area's dynamic growth and create a thriving community asset. The property is currently available for sale and ready for immediate development. Don't miss this opportunity to build in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.962
    Latitude
    33.4997

    Comparable in this City

    • Value Estimation by Request
      11.09 Acres

      10902 Oak Ridge Ave

      Land • 11.09 Acres
      10902 Oak Ridge Ave, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      3.94 Acres

      5107 98Th St

      Land • 3.94 Acres
      5107 98Th St, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      1.00 Acre

      114Th St

      Land • 1.00 Acre
      0 114Th St, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      156.97 Acres

      5601 138Th St

      Land • 156.97 Acres
      5601 138Th St, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      3.60 Acres

      9825 Kline Ave

      Land • 3.60 Acres
      9825 Kline Ave, Lubbock, TX 79424
      View Details
    • Value Estimation by Request

      12001 Frankford Ave

      Land
      12001 Frankford Ave, Lubbock, TX 79424
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      3.49 Acres of Land

      3.49 acres of land available for sale.
      12411 Slide Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Lubbock Land For Sale

      Land property available for sale in Lubbock, Texas.
      98Th St, Lubbock, TX 79424
      View Details
    • $275,000
      27,265 SF

      Land for Sale

      Land available for sale.
      11204 Troy Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Development Tract on 114th Street

      Available development tract with frontage on 114th Street.
      114th And Alcove, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Lubbock Land Parcel For Rent

      Land available for rent at 82nd St and Wausau Ave.
      7503 82Nd St, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Lubbock Land with High Visibility

      Land in high-growth area with future development potential.
      12003 Slide Rd, Lubbock, TX 79424
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      29-Acre Development Site For Rent

      29-acre development site near Lubbock's southern growth corridor.
      11915 Quaker Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Land on Indiana Avenue Corner

      1-2.6 acres available for ground lease, build-to-suit or purchase.
      122 122Nd St, Lubbock, TX 79424
      View Details
    • Contact for pricing
      204 SF

      Prime Commercial Site on Slide

      0.97-acre commercial site in a high-growth Lubbock corridor.
      9822 Slide Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Lubbock Commercial Land on Quaker

      6.36 acres of commercial land in growing South Lubbock.
      124 124Th St, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Commercial Land on Milwaukee Avenue

      5.321-acre commercial site for ground lease or build-to-suit.
      6313 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Prime Commercial Land on Slide

      0.97-acre commercial site in high-growth Lubbock corridor.
      9822 Slide Rd, Lubbock, TX 79424
      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.
    6714 104Th St
    Lubbock, TX 79424
    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
    6714 104Th St, Lubbock, TX, 79424
    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!