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    5117 Old Jacksboro Hwy Wichita Falls, TX 76302

    Sponsored
    For Sale
    $127,500

    Wichita Falls, TX Investment Opportunity

    Property size:
    3,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,120-square-foot mixed-use property situated on a sizable 1.29-acre lot in Wichita Falls, Texas. Located at 5117 Old Jacksboro Hwy, this Class D building, constructed in 1956, offers significant potential for redevelopment or repurposing. The property's zoning is Light Industrial, allowing for a variety of uses. The building itself is approximately 3,120 square feet, with a price per square foot of $40.87. The asking price for this one-story structure is $127,500. Its prime corner location offers excellent visibility and accessibility, boasting proximity to major retailers such as Walmart, McDonald's, Starbucks, and Southerlands Home Improvement. The substantial lot size of 52,707 square feet provides ample space for expansion or future development. This property is ideal for investors seeking a high-return opportunity in a thriving commercial area. The existing building may be considered for demolition, presenting a blank canvas for a new development. The strategic location and substantial lot size make this a compelling investment prospect in a high-traffic area of Wichita Falls. The property's versatility and potential for significant return on investment make it a rare find in the current market.

    Property Features for 5117 Old Jacksboro Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,120 SF
    Class
    D

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    1

    HighLights

    • $127,500 asking price.
    • 1.29‑acre lot with a 3,120 sq ft building.
    • Excellent corner location near Walmart, McDonald's, Starbucks, and Southerlands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.494335314012
    Latitude
    33.852784926452

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    FAQs

    What type of property is this?
    Lifestyle center - Wichita Falls, TX Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 5117 Old Jacksboro Hwy Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $127,500.
    What are key features of this property?
    This property features: $127,500 asking price.; 1.29-acre lot with a 3,120 sq ft building.; Excellent corner location near Walmart, McDonald's, Starbucks, and Southerlands.
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    Realmo Value Estimation

    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.

    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.

    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
    5117 Old Jacksboro Hwy Wichita Falls, TX 76302
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