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    7903 Fm 179 Wolfforth, TX 79382
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    7903 Fm 179 Wolfforth, TX 79382

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    • Commercial land
    • 42,000 SF
    For Sale
    $500,000
    View Listing →
    Wolforth Land on FM 179 For Sale
    $500,000
    42,000 SF

    Wolforth Land on FM 179

    Two lots available on FM 179 near Frenship ISD.

    7903 Fm 179, Wolfforth, TX 79382
    View Listing
    Property ID
    US82-4434486
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 7903 Fm 179

    Property size
    42,000 SF
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Available lots on highly desirable FM 179 Wolforth TX. Subject tract contains two lots. Currently, combined as a rectangular lot with 139.95' of road frontage by 300.01'. Owner willing to divide as 7901 & 7903 FM 179. Future construction of the to be built CVS store is on the hard corner of FM 179 a ... nd Donald Preston Drive from Frenship ISD High School which is just a few lots away from subject property. Survey is on file.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.008865
    Latitude
    33.527496

    Comparable in this City

    • Contact for pricing

      Wolfforth Commercial Land Tracts Available

      Large commercial land tracts in Wolfforth's newest multi-use development.
      Sec Marsha Sharp & Dowden Rd, Wolfforth, TX 79382
      View Details
    • $500,000
      0.96 Acres

      Wolfforth Land on FM 179

      Available lots on FM 179 near Frenship ISD High School.
      7903 Fm 179, Wolfforth, TX 79382
      View Details
    • $449,000
      1.24 Acres

      Wolfforth Commercial Land For Sale

      Prime commercial land in Wolfforth, utilities included.
      400 Dowden Rd, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Wolfforth Commercial Land Tracts Available

      Commercial land tracts in Wolfforth's newest multi-use development.
      Sec Marsha Sharp Hwy & Dowden Rd, Wolfforth, TX 79382
      View Details
    • $1,850,000
      6.84 Acres

      Wolfforth Land Near Loop 88

      6.84 acres in prime location near Loop 88.
      10025 County Road 7300, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Commercial Land on Hard Corner

      3 acres of commercial land on a hard corner.
      179 & Donald Preston Dr, Wolfforth, TX 79382
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wolfforth Commercial Land Tracts Available

      Commercial land tracts in Wolfforth's newest multi-use development.
      Sec Marsha Sharp Hwy & Dowden Rd, Wolfforth, TX 79382
      View Details
    • $1,850,000
      6.84 Acres

      Wolfforth Land Near Loop 88

      6.84 acres in prime location near Loop 88.
      10025 County Road 7300, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Commercial Land on Hard Corner

      3 acres of commercial land on a hard corner.
      179 & Donald Preston Dr, Wolfforth, TX 79382
      View Details
    • $1,360,814

      Wolfforth Commercial Development Opportunity

      11 acres available for commercial development in Wolfforth, Texas.
      114th St & Inler Ave, Wolfforth, TX 79382
      View Details
    • $572,500

      Wolfforth Commercial Development Opportunity

      1.31-acre tract ideal for commercial development in Wolfforth, Texas.
      13005 S Fm 179, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Wolfforth Commercial Development Opportunity

      11 acres available in Wolfforth's newest subdivision, Harvest.
      Inler Ave, Wolfforth, TX 79382
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wolfforth Land For Sale

      Land available one block north of Loop 88.
      12034 Fm 1585, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Wolfforth, Texas.
      508 5Th St, Wolfforth, TX 79382
      View Details
    • $12 SF/Yr

      Office/Warehouse Space on Fenced Lot

      5,000 SF office/warehouse on one-acre fenced lot for lease.
      9402-D Fm 1585, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Fenced Warehouse with Enclosed Yard

      Warehouse with office, shop, enclosed yard, and secure access.
      8312 98Th St, Wolfforth, TX 79382
      View Details
    • $12 SF/Yr
      5,000 SF

      Office/Warehouse Space on Fenced Lot

      5,000 SF office/warehouse on one-acre fenced lot for lease.
      9402 Fm 1585, Wolfforth, TX 79382
      View Details
    • $1,800 /Mo
      1,919 SF

      Wolfforth Retail Space Available

      Former convenience store, potential restaurant space for lease in Wolfforth.
      508 5Th St, Wolfforth, TX 79382
      View Details
    View Listing
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    7903 Fm 179
    Wolfforth, TX 79382
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    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
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