Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3807 County Road 1400 Shallowater, TX 79363

    • Land
    • 80.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3807 County Road 1400

    Lot size
    80.31 lot acres
    Property type
    Land
    Property subtype
    Commercial land

    Description

    This exceptional 80.314-acre parcel presents a remarkable opportunity for developers seeking prime land in Lubbock County, Texas. Located at 3807 County Road 1400, Shallowater, TX 79363 (APN R98690), this property boasts significant highway frontage along FM 179, ensuring excellent visibility and accessibility. The expansive lot size offers considerable potential for various development projects. Its strategic location is approximately half a mile south of FM 2641, placing it in close proximity to the town of Shallowater while maintaining a desirable rural setting. The asking price for this substantial tract is $2,810,920. This development land presents a unique chance to capitalize on the growing area and create a successful venture. The property's size and location make it ideal for a variety of uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence regarding permitted uses and development possibilities. This is a rare opportunity to acquire a large, well-situated parcel of land in a desirable Texas location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shallowater
    County
    Lubbock
    State
    Texas
    Longitude
    -102.009
    Latitude
    33.636

    Comparable in this City

    • Value Estimation by Request
      80.00 Acres

      80 Ac Fm 2641

      Commercial land • 80.00 Acres
      80 Ac Fm 2641, Shallowater, TX 79363
      View Details
    • Value Estimation by Request
      1.00 Acre

      Us-84

      Land • 1.00 Acre
      0 Us-84, Shallowater, TX 79363
      View Details
    • Value Estimation by Request
      10.00 Acres

      901 Avenue

      Land • 10.00 Acres
      901 Avenue, Shallowater, TX 79363
      View Details
    • Value Estimation by Request
      1.00 Acre

      6896 Pr Prarie S

      VACANT COMMERCIAL LAND • 1.00 Acre
      6896 Pr Prarie S, Shallowater, TX 79363-2118
      View Details
    • Value Estimation by Request
      0.96 Acres

      6864 Pr Prarie N

      VACANT COMMERCIAL LAND • 0.96 Acres
      6864 Pr Prarie N, Shallowater, TX 79363-2116
      View Details
    • Value Estimation by Request
      1.00 Acre

      6896 Pr Prarie S

      VACANT COMMERCIAL LAND • 1.00 Acre
      6896 Pr Prarie S, Shallowater, TX 79363-2118
      View Details

    Similar Nearby for Sale

    • $64,900
      0.26 Acres

      Vacant Lot with Storage Building

      Shallowater lot with large storage building near elementary school.
      907 Avenue K, Shallowater, TX 79363
      View Details
    • $74,900
      10.02 Acres

      Lubbock County 10-Acre Tract

      10.02 acres in Lubbock County, close to Shallowater and Lubbock.
      County Road 5500, Shallowater, TX 79363
      View Details
    • $120,000
      10.00 Acres

      Shallowater, TX 10 Acre Land

      10 acres in Shallowater, TX with water well and electricity.
      Anthony Pr, Shallowater, TX 79363
      View Details
    • $160,000
      19.03 Acres

      Land Available in Shallowater, TX

      19.03 acres of land for sale in Shallowater, TX.
      County Road 5700, Shallowater, TX 79363
      View Details
    • $160,000
      22.98 Acres

      Land in Shallowater, Texas

      22.98 acres in Sunset Acres, Shallowater, TX with CR 5700 access.
      County Road 5700, Shallowater, TX 79363
      View Details
    • $82,500
      10.03 Acres

      Shallowater, TX Land Opportunity

      10.03 acre tract in quiet, growing Shallowater.
      County Road 5700, Shallowater, TX 79363
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3807 County Road 1400
    Shallowater, TX 79363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!