80 Ac Fm 2641 Shallowater, TX 79363
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.
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
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.