Property profile

5601 138Th St Lubbock, TX 79424

OFF-MARKET
Land
Property ID
US82-7179817
156.97 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Exceptional 156.97-acre development opportunity in southwest Lubbock, Texas, is available for $6,043,345. This prime parcel is situated less than one mile from the new Loop 88, offering unparalleled access and visibility. Located within Lubbock city limits and within the Cooper ISD school district, this property presents a unique chance for residential, retail, or multifamily development. The land is ideally positioned across from Sundance Estates, a new Betenbough development, and just north of Highland Oaks, indicating a thriving and desirable neighborhood. This is one of the few remaining large development parcels in this rapidly growing area. The property boasts paved road access on three sides, enhancing accessibility and infrastructure. While sewer and water are currently available at the north end, city engineers are actively collaborating with developers to extend water and sewer mains down Frankford to 148th Street, directly adjacent to the property, further enhancing its development potential. The property is zoned SF-2, making it suitable for a variety of development projects. This is a rare opportunity to acquire a significant land holding in a high-growth area of Lubbock.

Property profile

Verified
Property type Land
Lot 156.97 ac (6,837,613 SF)
UPID US82-7179817

Cap rate & NOI

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

Location

5601 138Th St Lubbock, TX 79424
Lubbock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5601 138Th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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