604 Fm 1585 Lubbock, TX 79423
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.