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    OFF-MARKET
    Land

    7100 Alcove Ave, Lubbock, TX 79382

    1.89 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 1.885-acre commercial and residential land parcel in Wolfforth, Texas, presents a compelling investment opportunity. Located at 7100 Alcove Ave, Lubbock County, TX 79382, this rectangular lot boasts two street frontages, offering excellent accessibility and visibility. The property is ideally situated between established apartment complexes (The Reserves at Preston Trails, 117 units built in 2017) and newer duplexes (built 2020 and later), indicating strong rental demand in the immediate vicinity. Priced at $250,000 ($3.04/sq ft), this level lot features PD zoning permitting multi-family development. Free of trees, flood concerns, and unusual easements, the site is ready for development. All city utilities are readily available. This location is well-suited for a small multi-family apartment complex, or other neighborhood-serving developments such as a church. The APN is R329499.

    Property profile
    Verified
    Property type Land
    Lot 1.89 ac (82,111 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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