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Property profile & analytics
OFF-MARKET
Land

0 Highway 87 Lubbock, TX 79423

6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6-acre commercial land parcel presents a unique investment opportunity in the burgeoning south Lubbock area. Strategically located off Highway 87 and near Loop 493, this property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility. Zoned for commercial use outside city limits, this tract offers developers considerable flexibility in project planning. The land is priced at $849,420, translating to a land value of $3.25 per square foot. Situated within the Lubbock Cooper Independent School District, this location benefits from a strong community presence and growing residential population. The property's prime location and substantial size make it ideal for a variety of commercial developments, catering to the needs of a thriving market. This is a rare chance to acquire a significant piece of land in a rapidly developing area with excellent access to major transportation routes. The potential for future growth and return on investment is substantial, making this an attractive proposition for discerning investors and developers seeking a foothold in a dynamic Texas market. The property's location in Lubbock County, Texas, zip code 79423, offers easy access to local amenities and services. This is a truly exceptional opportunity to secure a prime piece of commercial real estate in a high-growth area.

Property profile
Verified
Property type Land
Lot 6 ac (261,360 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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