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

    1818 9Th St Wichita Falls, TX 76301

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,630,000

    19,107 SF shopping center anchored by Dollar General.

    Property size:
    19,107 SF
    Lot size:
    1.85 Acres

    Property Features for 1818 9Th St

    General Information

    Size
    19,107 SF
    Lot size
    1.85 Acres

    We can help!

    Listing Contact
    Cannon Thornhill
    Source: Moodyscre

    Listing Agent: Cannon Thornhill

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wichita Falls Shopping Center For Sale

    This 19,107 square foot neighborhood shopping center is located in Wichita Falls, Texas. The property is anchored by Dollar General, which has 6 years remaining in their original term with four, five-year options to renew at scheduled rental increases. The shopping center is 75% occupied, providing value-add potential in leasing the remaining 4,712 square feet of space. The tenant line up is neighborhood centric. There are 48,216 residents within a 3 mile radius. The property has an excellent average remaining lease term of 4.8 years. Both tenants have options to renew at scheduled rental increases. The property is less than one mile from the United Regional Health Care System.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wash 'N' Go Laundry Service Liquor 'N' Wine Liquor Store Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.507014
    Latitude
    33.903865

    Nearby Similar for Sale

    • New
      $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
    • $239,900
      0.09 Acres

      Downtown Wichita Falls Mixed-Use Building

      Charming 1930s building with income potential in growing downtown area.
      222 N Mason St, Wichita Falls, TX 76230
      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

    FAQs

    What type of property is this?
    Strip mall - 19,107 SF shopping center anchored by Dollar General.
    Where is this strip mall located?
    The property is located at 1818 9Th St Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $1,630,000.
    What are key features of this property?
    This property features: - Anchored by Dollar General with 6 years remaining, plus renewal options and scheduled rental increases.; - 75% Occupied, offering value-add potential.; - Excellent average remaining lease term of 4.8 years.
    (469) 844-8037
    Request Owner's contact information
    1818 9Th St Wichita Falls, TX 76301
    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.
    1818 9Th St
    Wichita Falls, TX 76301
    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
    1818 9Th St Wichita Falls, TX 76301
    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
    Cannon Thornhill
    (469) 844-8037
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.