Property profile

5107 98Th St Lubbock, TX 79424

OFF-MARKET
Land
Property ID
US82-6635649
3.94 ac lot
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Property summary

AI-generated overview

This exceptional 3.94-acre development tract in Southwest Lubbock, Texas, presents a unique investment opportunity. Located at 5107 98th St, Lubbock, TX 79424, this property boasts a stellar location near luxury residential homes and newly constructed commercial retail, offering unparalleled convenience and visibility. Zoned C3, this expansive lot (171,626 square feet) provides ample space for a variety of commercial ventures, including office parks, medical facilities, and other suitable uses. The property benefits from convenient access to both Slide Road and 98th Street, ensuring excellent accessibility for both employees and customers. All essential utilities are in place, including sanitary sewer and water services. While rail service is not available, the strategic location and zoning make this a highly desirable site for developers seeking a prime location in a thriving area of Lubbock. The asking price is $1,802,077, translating to $457,380 per acre, reflecting the exceptional value and potential of this remarkable property. This is an ideal opportunity to capitalize on the growth and development in Southwest Lubbock.

Property profile

Verified
Property type Land
Lot 3.94 ac (171,626 SF)
UPID US82-6635649

Cap rate & NOI

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

Location

5107 98Th St Lubbock, TX 79424
Lubbock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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