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Property profile & analytics
OFF-MARKET
Commercial real estate

604 Fm 1585 Lubbock, TX 79423

Individually Owned 4-yr Hold
Property ID
US82-4659676
Property summary
AI-generated overview

This exceptional 218,758 square foot commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Located at 604 FM 1585, this property benefits from its strategic position within the new Loop 88 project, offering convenient access to Interstate 27 via a nearby flyover. The land boasts excellent visibility and frontage along the east side of I-27, ensuring high traffic exposure for any future development. Existing infrastructure includes a well and electricity already on-site, significantly reducing initial development costs and streamlining the construction process. The property is zoned for commercial use, making it suitable for a wide range of businesses and projects. This prime location, coupled with the existing utilities and convenient access to major transportation routes, makes this an ideal site for businesses seeking high visibility and easy accessibility. The asking price for this significant land parcel is $3,500,000. Detailed site plans and further information are available upon request. Don't miss this chance to acquire a substantial piece of commercial real estate in a rapidly growing area of Lubbock.

Property profile
Verified
Property type Commercial real estate
UPID US82-4659676
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
Current use
Occupant on record · Public records
  • Elegant Events Weddings Wedding Service Event Planning
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
Norma Lee Nash · 4 yrs held
Norma Lee Nash
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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