1100 S Wicker Avenue, Littlefield, TX 79339
Active

Land

1100 S Wicker Avenue, Littlefield, TX 79339

Littlefield, Lamb County 79339

$2.4M

$0 per acre

Total Acres

0 acres

Price per Acre

$0

Location

Littlefield, Lamb County

Property Photos

57 photos from the MLS

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About This Property

Oak Terrace Apartments presents a value-add multifamily investment opportunity located in close proximity to Highway 385 and Highway 84 at 1100 S Wicker Avenue in Littlefield, Texas. The property generated approximately $238,940 in trailing NOI on $340,126 in total income, supporting a 9.96% cap rate. The property consists of 45 units and is currently operating at approximately 93% occupancy with strong collections and consistent income performance. Current ownership has maintained the asset, but rents remain below market averages, creating an opportunity for investors to increase NOI through strategic rent adjustments.

MLS# 26-3673 · Listed by FIMC Commercial Realty · Kirk Chudej

Evaluating This Property

Use this checklist on 1100 S Wicker Avenue, Littlefield, TX 79339 before you write an offer. Taylor walks buyers through the same fundamentals on every serious Panhandle ranch.

Water

Confirm stock tanks, wells, windmills, creeks, and drainage. In the Panhandle, water reliability drives both daily use and long term value.

Terrain

Match rolling mesa country, draws, creek bottom, or open grassland to your plans for cattle, recreation, or a mixed use ranch.

Access

Review county road frontage, deeded easements, gates, and interior roads. Weak access slows operations and can affect resale.

Fencing

Estimate perimeter and cross fence condition in miles, not feet. Rebuild costs add up fast on large Panhandle tracts.

Improvements

Price homes, barns, pens, blinds, and feeders against what you will keep versus replace after closing.

Neighboring Land

Look at adjacent use, boundary clarity, and shared infrastructure. What neighbors do affects habitat, privacy, and operations.

Minerals and Easements

Confirm what transfers with surface ownership and whether pipelines, power lines, or other easements cross the ranch.

County Context

Compare price per acre to recent sales in the same county with similar water and improvements. Acreage is not priced equally block by block.

Exclusive to Cox Land & Ranch

Fly This Property Before You Offer

At 0 acres near Littlefield, Lamb County, ground tours only show part of the story. Taylor can arrange a helicopter tour for qualified buyers to survey this property from above.

From the air you will see terrain, water, fencing, access roads, and neighboring context. That clarity helps you decide faster and write a cleaner offer when the ranch is the right fit.

No spam, ever. We will reach out within one business day.

Due Diligence

Questions to Ask Before You Offer

Bring these to your conversation with Taylor and the seller. Solid answers reduce surprises after contract.

What water sources are included and how reliable are they through dry years?
Who owns minerals and are any leases or production active on the property?
What is the condition of perimeter and interior fencing in miles?
Are there deeded easements, shared roads, or access restrictions?
Which improvements are included and when were major systems last serviced?
Why is the seller moving now and how long has the ranch been on market?
Has the property been surveyed recently and do boundaries match the legal description?
What do neighboring landowners do that could affect your use of this ranch?

Beyond the Purchase

Related Cox Land & Ranch Services

Buying is one step. These services help you operate the ranch or share ownership after closing.

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