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    OFF-MARKET
    Land

    17810 C R 1240, Lubbock, TX 79382

    140.99 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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