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    OFF-MARKET
    Land

    7716 18Th St, Lubbock, TX 79416

    40 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 40-acre parcel in Northwest Lubbock, Texas, presents a remarkable opportunity for residential development. Located near the intersection of 19th Street and Alcove Avenue, this pre-platted land offers 252 lots, minimizing pre-development costs and timelines. The property's strategic location provides easy access to downtown Lubbock, Texas Tech University, and major employment centers via nearby major thoroughfares. Future residents will enjoy convenient proximity to shopping, dining, parks, and top-rated schools. This thriving area boasts a blend of suburban tranquility and urban convenience, appealing to families, professionals, and retirees. The strong Lubbock housing market and the site's scalability allow for flexible phased construction, enabling strategic market entry and financial planning. This $3,000,000 investment offers a high-return potential in a proven growth corridor, making it ideal for developers, investors, and builders seeking to create a thriving new residential community. The land is priced at $75,000 per acre. This is more than just land; it's a vision waiting to be realized.

    Property profile
    Verified
    Property type Land
    Lot 40 ac (1,742,400 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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