Convenience Store with
New
For Sale
$75,000
1427 Iowa Park Road, Wichita Falls, TX 76306
The building includes a commercial refrigerator and dedicated storage space.
Property Size532 SF
Price / SF$140.98
Days on Market7
Property Features for 1427 Iowa Park Road
General Information
Standard status
Active
Size
532 SF
Property subtype
Commercial
Listing Agency:
HIRSCHI REALTORS
Listed By:
Kathy Barker · License #2547
(940) 447-3655
Source:
Sandraworthamteam
Added: Oct 1
Last Checked: Oct 5 at 3:38PM
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 HIRSCHI REALTORS
Investment Insights
Based on property information with market context.
Configured for convenience retail, the building has a drive-through, a commercial refrigerator and a separate storage area. A liquor store currently operates at the property, but the business is excluded from the sale; the offering covers the building only.
The site occupies a corner lot.
The site occupies a corner lot.
Key Highlights
- Drive‑through at the building
- Commercial refrigerator and storage area
- Corner‑lot location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,013
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,260
$120.3K
Cap Rate 7%
$85,900
$85.9K
Cap Rate 9%
$66,811
$66.8K
Market Conditions
NOI Build-Up for 532 SF
Gross rent
$9.6K $18.00/SF
− Vacancy
−$986 −$1.85/SF
EGI
$8.6K $16.15/SF
− OpEx
−$2.6K −$4.84/SF
NOI
$6.0K $11.30/SF
Area
Wichita Falls, TX
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,260
Cap Rate 7%
$85,900
Cap Rate 9%
$66,811
Alternative Uses
Best Use
Specialty Retail
$107.0K
$93.6K – $124.8K
NOI $7,488 @ 7.0% cap · market cap 9.98%
Second Best
Retail
$85.9K
$75.2K – $100.2K
NOI $6,013 @ 7.0% cap · market cap 8.02%
Theoretical Best
Warehouse
$634.9K
$555.6K – $740.7K
NOI $44,444 @ 7.0% cap · market cap 59.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76306, TX
14,664
Population
6,529
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
17.1 sq mi
ZIP Area
858
Density / Sq Mi
$47,004
Median Household Income
$35,005
Median Earnings
$884
Median Rent
$105,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The building includes a commercial refrigerator and dedicated storage space.
Where is this grocery and convenience store located?
The property is located at 1427 Iowa Park Road Wichita Falls, TX.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Drive‑through at the building; Commercial refrigerator and storage area; Corner‑lot location
