I-27 Fm 1729, New Deal, TX 79350
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.
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
Similar Nearby for Sale
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.