7716 18Th St, Lubbock, TX 79416
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.