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

505 Mlk Blvd Lubbock, TX 79403

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

Property summary

AI-generated overview

This exceptional 6.5-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Located at 505 N MLK Blvd, the property boasts significant frontage on MLK Boulevard, offering high visibility and accessibility. The site is strategically positioned near Estacado High School, residential neighborhoods, and apartment complexes, ensuring a robust surrounding community. Its proximity to Texas Tech University and the medical district, coupled with its convenient location near Lubbock Preston Smith International Airport and downtown Lubbock, makes this land highly desirable for a variety of commercial developments. The property features approximately 300 feet of depth and benefits from existing water and sewer access to the site. Adding to its versatility, the 6.4-acre tract is suitable for subdivision, allowing for flexibility in development plans. With an estimated 10,000 vehicles passing daily, this location offers unparalleled exposure for any commercial venture. This prime commercial land is ready for your vision, offering a blend of accessibility, visibility, and potential in a thriving Texas city. The property is zoned for commercial use and is located in Lubbock County, Texas, with a zip code of 79403. The coordinates are 33.6038532 latitude and -101.8199173 longitude.

Property profile

Verified
Property type Land
Lot 6.5 ac (283,140 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 505 Mlk Blvd?
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