Commercial Building in Burkburnett,
101 E 3rd St, Burkburnett, TX 76354
For Sale
$169,000
Versatile 1,500+ sqft property on 0.26-acre corner lot.
Property Size1,500 SF
Lot Size0.26 Acres
Price / SF$112.67
Days on Market603
Property Features for 101 E 3rd St
General Information
Standard status
Size
Lot size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Parker Properties Real Estate
Listed By:
Aimee Ashley · License #0719752
(940) 627-9040
Source:
Exprealty
Added: Mar 17, 2025
Changed: Aug 8
Last Checked: Aug 25 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker Properties Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building is located in Burkburnett, TX. The property offers over 1,500 sqft of space and sits on a 0.26-acre corner lot. It benefits from high visibility due to its location on two main streets. The property is suitable for retail, office use, or mixed development. The lot size allows for ample parking and expansion potential. The property is located in a thriving community with easy access to larger city amenities.
Key Highlights
- High‑visibility corner lot location on two main streets.
- Versatile 1,500+ sqft space suitable for retail, office, or mixed development.
- Large 0.26‑acre lot with ample parking and expansion potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,188
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
$303.8K
Cap Rate 7%
$216,971
$217.0K
Cap Rate 9%
$168,756
$168.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$2.7K −$1.80/SF
EGI
$24.3K $16.20/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$15.2K $10.13/SF
Area
Wichita County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
Cap Rate 7%
$216,971
Cap Rate 9%
$168,756
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 14.85%
Second Best
Retail
$290.3K
$254.0K – $338.6K
NOI $20,318 @ 7.0% cap · market cap 12.02%
Theoretical Best
Office A
$411.9K
$360.5K – $480.6K
NOI $28,836 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 76354, TX
11,496
Population
5,207
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
93%
High-School Grad
82.6 sq mi
ZIP Area
139
Density / Sq Mi
$68,614
Median Household Income
$41,518
Median Earnings
$954
Median Rent
$148,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Wichita County, TX
Properties on Market for Retail space in Wichita County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile 1,500+ sqft property on 0.26-acre corner lot.
Where is this retail space located?
The property is located at 101 E 3rd St Burkburnett, TX.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: High‑visibility corner lot location on two main streets.; Versatile 1,500+ sqft space suitable for retail, office, or mixed development.; Large 0.26‑acre lot with ample parking and expansion potential.
