Property profile

17810 C R 1240 Lubbock, TX 79382

OFF-MARKET
Land
140.99 ac lot
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Property summary

AI-generated overview

This exceptional 140.99-acre agricultural property, located at 17810 CR 1240 in Wolfforth, Texas, presents a unique investment opportunity. Priced at $1,113,821 ($38,500/acre), this land is zoned outside city limits in Lubbock County (APN: R131396) and is conveniently situated near major roadways. Its proximity to FM 1585, the future Loop 88, and north of Woodrow Road, between US Hwy 62/82 and FM 179, provides excellent accessibility. The property has historically been used for cattle grazing. This location offers significant advantages, benefiting from its placement within the thriving Frenship Independent School District. Lubbock, a rapidly growing city (projected 7% growth through 2022), boasts a substantial Metropolitan Statistical Area population of 318,679, making this a compelling prospect for developers and investors seeking land in a dynamic Texas market. The nearby town of Wolfforth had a population of 6,008 in 2021. This expansive acreage presents considerable potential for various development projects, capitalizing on the area's growth trajectory and strategic location. The property's size and location make it an attractive investment in a region experiencing significant expansion.

Property profile

Verified
Property type Land
Lot 140.99 ac (6,141,524 SF)

Cap rate & NOI

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

Location

17810 C R 1240 Lubbock, TX 79382
Lubbock metro
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Value estimations

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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
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