Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1913 Polk St Wichita Falls, TX 76309

    Sponsored
    Picture of Single family properties at Polk St 1913, Wichita Falls, TX
    For Sale
    $65,000

    Multiple Single Units - Wichita Falls, TX

    Lot size:
    0.17 Acres
    Days on Market:
    202
    Last Refresh:
    Feb 4 at 11:06 am

    Property Features for 1913 Polk St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    145696
    Parking
    2
    Parking features
    Off Street
    Interior features
    Cable Tv Available
    Appliances
    Range, Range - Gas
    Lot size
    0.17 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Space Heater
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1925
    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Self

    InterHomes Realty (817) 668-0508

    Listing agent Ashley Self (817) 668-0508 License #0637892

    Listing date Jul 18, 2025

    MLS# 21004727 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wichita Falls Income Property

    This property features a two-bedroom, one-bath house that is currently rented for $800 per month. The unit is occupied and can be viewed with an executed contract. The lot size is 0.172 acres. Located in Wichita Falls, Texas, this property is part of a portfolio. Information on the full portfolio is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.521361
    Latitude
    33.892475

    Nearby Similar for Sale

    • $1,552,320
      390.08 Acres

      Wichita Falls Acreage on Highway

      390.08 acres with highway frontage near Wichita Falls.
      1543 State Highway 258 E, Wichita Falls, TX 76310
      View Details
    • $349,000
      1.29 Acres

      Wichita Falls Church and Daycare

      Church and former daycare facility in Wichita Falls, Texas.
      4403 Phillips Dr, Wichita Falls, TX 76308
      View Details
    • $199,900
      2,376 SF

      Renovated Commercial Building in Wichita Falls

      Versatile, renovated commercial space suitable for retail, office, or creative uses.
      2710 Grant St, Wichita Falls, TX 76309
      View Details
    • $672,888
      73.14 Acres

      Wichita Falls Ranch with Horse Facilities

      73.14-acre ranch with horse facilities in Wichita Falls, TX.
      2206 Turtle Creek Rd, Wichita Falls, TX 76309
      View Details
    • $590,000
      1.56 Acres

      Wichita Falls Commercial Property

      7,200 sqft building on 1.56 acres, ideal for various uses.
      1522 Weeks St, Wichita Falls, TX 76302
      View Details
    • $395,000
      16,896 SF

      Wichita Falls Office For Sale

      Office property in Wichita Falls, TX with ample space.
      1509 Bluff St, Wichita Falls, TX 76309
      View Details
    • $350,000
      0.69 Acres

      Wichita Falls Financial Services Property

      Professional office space ideal for financial institution with existing infrastructure.
      2618 Old Iowa Park Rd, Wichita Falls, TX 76306
      View Details
    • $350,000
      4,800 SF

      Wichita Falls Office Building

      Professional office space with financial institution amenities and furnishings included.
      2618 Iowa Park Rd, Wichita Falls, TX 76306
      View Details
    • $199,900
      3,050 SF

      Wichita Falls Commercial/Retail Space

      Commercial/retail space with flexible layout in Wichita Falls, Texas.
      1104 11Th St, Wichita Falls, TX 76309
      View Details
    • $425,000
      7,339 SF

      Wichita Falls Chapel For Sale

      Country chapel with kitchen, classrooms, and ample parking.
      5808 Northwest Fwy, Wichita Falls, TX 76305
      View Details
    • $349,000
      11,231 SF

      Wichita Falls Church and Daycare

      Church with additional daycare building and ample parking.
      4403 Phillips Dr, Wichita Falls, TX 76308
      View Details
    • $129,000
      1,866 SF

      Move-In Ready Wichita Falls Office

      Commercial space ready for immediate office or business use.
      2410 9Th St, Wichita Falls, TX 76308
      View Details

    FAQs

    What type of property is this?
    Single family property - Two-bedroom, one-bath unit, currently rented for $800 per month.
    Where is this single family property located?
    The property is located at 1913 Polk St Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Currently rented for $800 per month.; - Part of a portfolio (opportunity for multiple property acquisition).; - Off-street parking available.
    (817) 668-0508
    Request Owner's contact information
    1913 Polk St Wichita Falls, TX 76309
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1913 Polk St
    Wichita Falls, TX 76309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1913 Polk St Wichita Falls, TX 76309
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ashley Self
    Real Estate License ID: 0637892
    (817) 668-0508
    Learn more
    Google sign-in failed. Please try again or use another login method.