Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Executive Home with Detached Apartment Title is generated by Realmo AI

    5 CANYON CLIFF COURT, Wichita Falls, TX 76309

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $549,900

    MULTI_FAMILY - Wichita Falls, TX

    Property size:
    3,313 SF
    Price / SF:
    $165/SF
    Added:
    Mar 25, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 5 CANYON CLIFF COURT

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1
    Parking features
    Garage
    Standard status
    Active Under Contract
    Size
    3,313 SF

    Building Details

    Number of units
    2

    We can help!

    Listing Contact
    FLOYD CABLE
    FLOYD CABLE

    Listing agent FLOYD CABLE License #0585994

    Listing office HIRSCHI REALTORS 3631 MAPLEWOOD SUITE 1, WICHITA FALLS, TX

    Listing date Mar 25, 2026

    MLS# 182638 Listing URL

    Copyright © 2026 Wichita Falls Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multifamily executive layout with 3,313+ SF main home plus a detached 728 SF apartment (4,041 SF total)
    • Flexible 4–5 bedroom floor plan with 2 primary suites—1 upstairs and 1 downstairs
    • Two to three living areas plus a study; first‑floor primary has extra space and private access to the rear patio
    • Detached apartment includes a full kitchen, 1 bath, laundry, and additional living space
    • Solar panels remain; rear yard offers hillside views

    Overview

    This property combines an executive-style residence with a detached apartment. The main home offers approximately 3,313 square feet with a flexible floor plan that can support 4-5 bedrooms, along with 2-3 living areas and a study. There are two primary suites, with one on the first floor and one upstairs. The first-floor primary includes additional space and private access to the rear patio. The kitchen features custom cabinets, “corian” counters, and included appliances. The home includes 1.5 baths on the first level and 2 baths upstairs.

    A detached 728-square-foot apartment adds a separate living option within the same property. It includes a full kitchen, one bath, laundry, and additional functional living space, providing versatility for multi-generational use, guests, or separate household arrangements.

    Solar panels remain with the property. Outside, the rear yard includes hillside views and the first-floor primary’s private access to the rear patio supports convenient indoor-outdoor living. Located in Wichita Falls, Texas (76309), this layout is well-suited for buyers seeking two distinct living spaces under one ownership while keeping flexibility in how the interior rooms are used.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $53.7k $16.20
    − Vacancy −$3.1k −$0.94
    EGI $50.6k $15.26
    − OpEx −$22.8k −$6.87
    NOI $27.8k $8.39
    3,313 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $397.2K
    $347.6K – $463.5K (±1% cap)
    NOI $27,807 @ 7.0% cap · market cap 5.06%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $3.95M
    $3.46M – $4.61M (±1% cap)
    NOI $276,770 @ 7.0% cap · market cap 50.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Hotel & Motel Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.555873
    Latitude
    33.897464

    Nearby Similar for Sale

    • $1,500,000
      28,159 SF

      Automotive Service and Warehouse Facility

      Former truck dealership facility with a large warehouse, overhead door bays, and office space on a fully paved lot.
      2901 JACKSBORO HIGHWAY, Wichita Falls, TX 76302
      View Details
    • $750,000
      3,811 SF

      Two-Story Office with Storage

      Custom-built two-story office with multiple private offices, conference rooms, and drive-in storage for flexible business use.
      4090 REGENT DRIVE, Wichita Falls, TX 76306
      View Details
    • $1,990,000
      13,224 SF

      Professional Office Building with Vacant Suite

      Well-maintained office building with multiple leased suites and a vacant unit refreshed for immediate occupancy or reuse.
      5800 W KELL BOULEVARD, Wichita Falls, TX 76310
      View Details
    • $1,650,000
      36,000 SF

      Flex Warehouse Building

      Large flex warehouse with expansive rooms and practical improvements like a loading dock, kitchen, and elevator.
      2915 E CENTRAL FREEWAY, Wichita Falls, TX 76302
      View Details
    • $590,000

      Turnkey Day Care and Office Building

      Purpose-built for flexible learning and care, with classroom space, fenced yard, and covered drop-off for efficient operations.
      1522 Weeks Street, Wichita Falls, TX 76302
      View Details
    • $419,000
      9,740 SF

      Industrial Flex Property with Office

      Multi-building industrial property with office space and highway frontage near US Hwy 287 for tenants needing flexible space.
      371 S HWY 287, Wichita Falls, TX 76310
      View Details
    • $599,500
      6,396 SF

      Updated Medical Office Building

      Updated medical facility with renovated rooms, bathrooms, HVAC, roof, plus ample parking and expansion space.
      1515 10TH STREET, Wichita Falls, TX 76301
      View Details
    • $199,900

      Renovated Retail Building with Windows

      Light-filled, renovated storefront with open plan, offices, workrooms, and on-site parking for flexible retail or studio use.
      2710 Grant, Wichita Falls, TX 76309
      View Details
    • $1,990,000
      13,224 SF

      Professional Office Building For Sale

      Well-maintained office building with highway frontage and strong traffic count.
      5800 Kell Boulevard, Wichita Falls, TX 76310
      View Details
    • $139,900

      Restaurant Property for Sale

      Restaurant property positioned near other dining options in central Wichita Falls.
      2112 9TH STREET, Wichita Falls, TX 76309
      View Details
    • $449,000

      Medical Office Building with Parking

      Spacious office layout with exam rooms, multiple support spaces, and front and back parking, including covered and accessible stalls.
      804 BROOK AVENUE, Wichita Falls, TX 76301
      View Details
    • $450,000
      2,915 SF

      Office Building with Private Offices

      Versatile office building with up to five private offices, conference room, and ample parking on one acre.
      4501 NORTHWEST FREEWAY, Wichita Falls, TX 76306
      View Details

    FAQs

    What type of property is this?
    Multifamily property - A flexible multi-bedroom home plus a detached apartment with full kitchen, laundry, and solar panels remaining.
    Where is this multifamily property located?
    The property is located at 5 CANYON CLIFF COURT Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Multifamily executive layout with 3,313+ SF main home plus a detached 728 SF apartment (4,041 SF total); Flexible 4–5 bedroom floor plan with 2 primary suites—1 upstairs and 1 downstairs; Two to three living areas plus a study; first‑floor primary has extra space and private access to the rear patio
    (940) 704-3966
    We can help!
    Listing Contact
    FLOYD CABLE
    FLOYD CABLE
    Real Estate License ID: 0585994
    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
    5 CANYON CLIFF COURT, Wichita Falls, TX 76309
    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!