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
Days on Market
0 days
Property Photos
57 photos from the MLS
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.
Due Diligence
Questions to Ask Before You Offer
Bring these to your conversation with Taylor and the seller. Solid answers reduce surprises after contract.
Beyond the Purchase
Related Cox Land & Ranch Services
Buying is one step. These services help you operate the ranch or share ownership after closing.
After Closing
Ranch Management
Full service land stewardship in the Texas Panhandle: property upkeep, water management, wildlife coordination, habitat work, and seasonal reporting so the ranch improves from day one.
Explore Ranch ManagementShared Ownership
Partial Ranch Ownership
Join a small owner group on a quality Panhandle ranch. Split purchase cost, share scheduled access, and let Cox Land & Ranch Management handle the land while you enjoy the property.
Learn About Partial OwnershipMore Panhandle Ranches
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