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    OFF-MARKET
    Retail properties & Spaces

    I-27 Fm 1729, New Deal, TX 79350

    1,383,901 SF 31.77 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 31.77-acre commercial land parcel presents a compelling investment opportunity in rapidly growing Lubbock County, Texas. Strategically located on a hard corner at the I-27 and N FM 1729 intersection, this property boasts unparalleled visibility and accessibility, benefiting from over 17,500 vehicles passing daily. The site is fully serviced with municipal water, sewer, electricity, and gas, ensuring immediate development readiness. This land is part of a larger, master-planned 550-acre development, including a 258-unit luxury RV resort and water park, retail centers, and a residential neighborhood, creating a vibrant and integrated community. Lubbock County's robust economy, fueled by agriculture and Texas Tech University, shows consistent growth, with an 8% population increase since 2010 and a low unemployment rate of 3.2%. The property's proximity to Lubbock Airport (3.5 miles) and Texas Tech University (7 miles) further enhances its strategic value. This prime location, coupled with the comprehensive master plan and strong economic indicators, makes this a high-potential investment in the dynamic New Deal and Lubbock markets. The land is zoned for commercial use and offers 1,383,901 square feet, with a land value of $6 per square foot. The asking price for this exceptional property is $7,840,800.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1,383,901 SF
    Lot 31.77 ac (1,383,901 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
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