Mixed-Use Property with
7550 Seymour Highway, Wichita Falls, TX 76310
For Sale
$532,000
A front retail area complements insulated warehouse space with overhead doors.
Property Size7,000 SF
Price / SF$76
Days on Market787
Property Features for 7550 Seymour Highway
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Warehouse Space
Currently Operating
Property Use
Building Details
Building Size
Buildings
Listing Agency:
Action Real Estate Sales
Listed By:
Cindy Cunningham
(940) 264-7653
Source:
Anchored-realty
Added: Sep 14, 2024
Changed: Nov 7
Last Checked: Nov 8 at 5:30PM
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 Action Real Estate Sales
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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.
The 7,000-square-foot property combines a 6,000-square-foot insulated warehouse with a 1,000-square-foot retail area at the front. The warehouse includes large overhead doors and a bathroom.
Located at 7550 Seymour Highway in Wichita Falls, the offering covers the land and building; the operating business and inventory are not included.
Located at 7550 Seymour Highway in Wichita Falls, the offering covers the land and building; the operating business and inventory are not included.
Key Highlights
- 7,000 square feet total, with 6,000 square feet of warehouse and 1,000 square feet of front retail area
- Insulated warehouse with large overhead doors
- Bathroom in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,772
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,440
$875.4K
Cap Rate 7%
$625,314
$625.3K
Cap Rate 9%
$486,356
$486.4K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$56.3K $8.04/SF
− Vacancy
−$4.8K −$0.68/SF
EGI
$51.5K $7.36/SF
− OpEx
−$7.7K −$1.10/SF
NOI
$43.8K $6.25/SF
Area
Wichita County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,440
Cap Rate 7%
$625,314
Cap Rate 9%
$486,356
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 15.63%
Second Best
Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 14.87%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,228 @ 7.0% cap · market cap 23.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 76310, TX
20,204
Population
8,450
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
170.3 sq mi
ZIP Area
119
Density / Sq Mi
$83,610
Median Household Income
$46,428
Median Earnings
$1,005
Median Rent
$201,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A front retail area complements insulated warehouse space with overhead doors.
Where is this mixed-use property located?
The property is located at 7550 Seymour Highway Wichita Falls, TX.
What is the asking price?
The asking price for this property is $532,000.
What are key features of this property?
This property features: 7,000 square feet total, with 6,000 square feet of warehouse and 1,000 square feet of front retail area; Insulated warehouse with large overhead doors; Bathroom in the warehouse
