Technical
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Property profile

80 Ac Fm 2641 Shallowater, TX 79363

OFF-MARKET
Land
80 ac lot
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Property summary

AI-generated overview

This exceptional 80-acre tract presents a unique investment opportunity in Lubbock County, Texas. Strategically located northwest of Lubbock and south of Shallowater, this property boasts significant development potential. The land is situated with paved frontage on FM 2641 to the north and Research Boulevard to the west, providing excellent accessibility and visibility. Currently offered as a whole, the property is planned for subdivision into multiple 10+ acre parcels, each priced at $9,500 per acre. This translates to a total asking price of $760,000. The property's APN is R78607 and its address is 80 AC FM 2641, Shallowater, TX 79363. With its ideal location and planned division into larger tracts, this property is well-suited for a variety of development projects, offering significant returns for discerning investors. The expansive acreage provides ample space for residential, commercial, or mixed-use development, catering to the growing needs of the surrounding community. This is a rare opportunity to acquire a substantial land holding in a desirable area with excellent infrastructure and access. The property's location offers easy access to Lubbock, providing residents with convenient access to amenities and services. Serious inquiries are encouraged to explore the possibilities of this remarkable development opportunity.

Property profile

Verified
Property type Land
Lot 80 ac (3,484,800 SF)

Cap rate & NOI

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

Location

80 Ac Fm 2641 Shallowater, TX 79363
Shallowater metro
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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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