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Property profile & analytics
OFF-MARKET
Land

6602 Fm 179 Wolfforth, TX 79382

24.98 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 24.98-acre commercial land tract is ideally situated within the Wolfforth city limits, at the southwest corner of 66th Street and FM 179 in Lubbock County, Texas. Priced at $3,754,045 ($3.45/SF), this property presents a unique development opportunity. A pre-engineered plan and pre-plat for residential and commercial development, approved by the City of Wolfforth, are included in the sale. The tract is divisible, with an 11.05-acre portion suitable for a retail shopping center and an additional five-acre tract available for commercial use. While water is currently available on FM 179, extension to the property and sewer service (potentially through a shared pump station) will be required. The buyer will be responsible for filing the final plat, but all pre-engineering and pre-platting materials will transfer upon closing. This prime location benefits from proximity to Frenship High School (Frenship ISD), and established neighborhoods like Llano Estates and Preston Manor. Easy access to major thoroughfares like 82nd, 50th, 34th, and 19th Streets off FM 179 provides convenient access to Lubbock. A water channel with a box culvert at 66th & FM 179 will be needed for commercial development on the 11.05-acre tract. The property's strategic location and pre-approved plans make it an attractive investment for developers seeking a prime location in a thriving area.

Property profile
Verified
Property type Land
Lot 24.98 ac (1,088,129 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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