Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    801-901 S Kiowa Street Wheeler, TX 79096

    View on Map
    Claim this Listing
    For Sale
    $3,750,000

    Multiple Single Units - Wheeler, TX

    Lot size:
    1.72 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    39
    Last Refresh:
    May 6 at 3:06 am

    Property Features for 801-901 S Kiowa Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    32
    Bathrooms
    32
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    24
    Parking features
    Driveway, Garage
    Interior features
    Double Vanity, High Speed Internet Available, Multiple Staircases, Walk-in Closet(s)
    Exterior features
    Rain Gutters, Private Entrance, Private Yard, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    75736,75746,75744,75745,75746,75462
    Lot size
    1.72 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Fiber Cement
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Chip Hill

    Listing agent Chip Hill License #0509380

    Listing office RiverCrest Realty 625 Melody Lane, Wheeler, TX

    Listing date Mar 29, 2026

    MLS# 21061984 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.

    Overview

    Income Property in Wheeler, Texas

    This property features craftsman-style duplexes operating as an income property in Wheeler, Texas. The property consists of six duplexes, including eight 3-bedroom rental units and four 2-bedroom units. Each unit is energy efficient with foam insulation and includes a garage and a large fenced-in backyard. The property is located on Kiowa Street and has a lot size of 1.7218 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Pharmacy Hair Salon Auto Repair Shop Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeler
    County
    Wheeler
    State
    Texas
    Longitude
    -100.276947
    Latitude
    35.4398

    Nearby Similar for Sale

    • $825,000

      Modern Warehouse Near Wheeler, Texas

      Foam insulated warehouse on 8.46 acres near Wheeler.
      290 Quail Run Lane, Wheeler, TX 79096
      View Details
    • $325,000
      8,200 SF

      Versatile Commercial Property in Wheeler, TX

      0.61-acre property with shop buildings and office space.
      700,702 E Oklahoma Ave, Wheeler, TX 79096
      View Details
    • $325,000

      Versatile Commercial Property, Wheeler, TX

      Commercial property with shop buildings, office space, and high visibility.
      700, 702 E Oklahoma, Wheeler, TX 79096
      View Details
    • $95,000
      2,766 SF

      Commercial Property in Wheeler, Texas

      Equipped commercial property ready for immediate business launch.
      510 S Main Street, Wheeler, TX 79096
      View Details
    • $625,000
      6,400 SF

      Foam Insulated Warehouse on Acreage

      Modern warehouse with insulated construction and ample parking.
      290 Quail Run Lane, Wheeler, TX 79096
      View Details
    • $825,000

      Foam Insulated Warehouse on Acreage

      Modern warehouse with insulated office, gravel parking, fenced perimeter.
      290 Quail Run Lane, Wheeler, TX 79096
      View Details

    FAQs

    What type of property is this?
    Duplex - Craftsman-style duplexes in a unique small-town atmosphere.
    Where is this duplex located?
    The property is located at 801-901 S Kiowa Street Wheeler, TX.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Income‑producing property, perfect for attracting renters seeking a small‑town atmosphere.; Six duplexes featuring eight 3‑bedroom units and four 2‑bedroom units.; Energy‑efficient construction with foam insulation.
    (972) 989-8019
    We can help!
    Listing Contact
    Chip Hill
    Real Estate License ID: 0509380
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    801-901 S Kiowa Street, Wheeler, TX 79096
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!