Property profile

98th St & Upland Ave Lubbock, TX 79424

OFF-MARKET
Land
1.2 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents multiple tracts of commercial land totaling between 1.2 and 9.18 acres. Strategically located in southwest Lubbock at the southeast corner of 98th Street and Upland Avenue, this property benefits from its position within the highly desirable Frenship Independent School District (FISD). The area has experienced remarkable growth in the past four years, with a doubling of both housing and population within one and three-mile radii. This significant population increase creates a strong demand for commercial development. The property's proximity to the Milwaukee Corridor, a major retail hub with over 100 businesses, ensures high visibility and significant foot traffic. This established retail corridor provides a substantial customer base and enhances the property's appeal to potential developers. The land is not located within a floodplain, minimizing development risks. The land value ranges from $4 to $5.25 per square foot, presenting a compelling opportunity for investors seeking strong returns in a rapidly growing market. This is a rare chance to acquire land in a thriving area with exceptional potential for future growth and profitability. The property's size and location make it suitable for a variety of commercial developments, catering to the needs of the expanding community.

Property profile

Verified
Property type Land
Lot 1.2 ac (52,272 SF)

Cap rate & NOI

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

Location

98th St & Upland Ave Lubbock, TX 79424
Lubbock metro
Google Maps

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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