You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

0 Aspen Ave New Deal, TX 79403

OFF-MARKET Land Google Maps
11 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 11-acre commercial land parcel presents a unique investment opportunity in New Deal, Texas. Located in a burgeoning planned development just minutes from Lubbock, this property boasts unparalleled visibility and accessibility due to its prime location along Interstate 27, a major thoroughfare with a daily traffic count of 20,000 vehicles. The site is fully serviced with water, sewer, and electricity, eliminating significant upfront infrastructure costs. Pro-rated main fees have already been paid by the developer, streamlining the development process. This land is ideally suited for a variety of uses, including retail, residential, commercial, or multifamily developments. The property benefits from its location within an opportunity zone, offering substantial tax incentives for long-term investors. The surrounding area is experiencing significant growth, with a new roadside convenience store and truck stop already operational, and a 45,000 square foot retail shopping center currently under construction and in the pre-leasing phase. New Deal is a thriving community with top-rated schools, further enhanced by a recently approved $48.5 million school bond. The owner will consider subdividing the property. Proximity to Lubbock Preston Smith International Airport adds further appeal. This is a rare chance to capitalize on the rapid expansion of New Deal and its strategic location.

Property profile

Verified
Property type Land
Lot 11 ac (479,160 SF)

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Aspen Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message