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    2023 Built Flex Auto Shop Title is generated by Realmo AI

    1433 30th, Wichita Falls, TX 76302

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    For Lease
    $1,650 /Mo

    COMMERCIAL - Wichita Falls, TX

    Lot size:
    0.04 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    62
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 1433 30th

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    145119
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, Rock, Stone
    Roof type
    Metal

    We can help!

    Listing Contact
    William Crouch

    Listing agent William Crouch License #0493718

    Listing office River's Edge Realty Wichita Falls, TX

    Listing date Apr 3, 2026

    MLS# 21227164

    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.

    HighLights

    • Built in 2023 and currently set up for new tenants
    • Metal roof and metal siding with stone and rock construction materials
    • Office space plus storage and a bathroom included
    • Features 12x12 roll‑up doors
    • Central heating and central air with electric HVAC
    • Public water source

    Overview

    Built in 2023 and ready for new tenants, this flex-style auto shop is set up for practical day-to-day operations. The space includes office space, storage, and a bathroom, along with 12x12 roll-up doors that support easy move-in for vehicles, equipment, or light industrial workflows. It is currently used as a mechanic shop, but the layout and amenities make it well-suited for a range of service-oriented uses.

    Located at 1433 30th in Wichita Falls, Texas, the property offers a compact footprint with dedicated roll-up access and interior support space for onsite work. The combination of work area and functional add-ons like an office, storage, and bathroom helps reduce the need for separate build-outs.

    This is a strong option for an automotive operator looking for a newer facility with direct roll-up access and room to manage daily administrative tasks. It can also fit contractors or small businesses that need a workable mix of storage, an employee-ready workspace, and a straightforward vehicle/equipment entry point.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    • Falls Town Auto — 1329 Midwestern Pkwy, Wichita Falls, TX 76302
    • Miller's Muffler — 3915 Old Jacksboro Hwy, Wichita Falls, TX 76302
    • Z Best Fast Lube — 1430 Midwestern Pkwy, Wichita Falls, TX 76302
    • Joe Hudson's Collision Center — 3511 Old Jacksboro Hwy, Wichita Falls, TX 76302
    • Pennzoil — 1430 Midwestern Pkwy, Wichita Falls, TX 76302

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.493577
    Latitude
    33.882934

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    FAQs

    What type of property is this?
    Auto shop - Built in 2023 with office space, storage, and 12x12 roll-up doors for flexible automotive or light industrial use.
    Where is this auto shop located?
    The property is located at 1433 30th Wichita Falls, TX.
    What is the lease rate?
    The lease rate is $1,650 /Mo.
    What are key features of this property?
    This property features: Built in 2023 and currently set up for new tenants; Metal roof and metal siding with stone and rock construction materials; Office space plus storage and a bathroom included
    (940) 867-8265
    We can help!
    Listing Contact
    William Crouch
    Real Estate License ID: 0493718
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    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.

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