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    106 Red River Expy Burkburnett, TX 76354

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space, flexible layouts.

    Lot size:
    43,769 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 43,769 square foot retail power center, situated on a 6.03-acre lot in Burkburnett, Texas, presents a unique investment opportunity. The property, built in 1982 and boasting a Class B rating, offers flexible space options ranging from 2,381 to 21,466 contiguous square feet, ideal for a variety of retail uses. Previously occupied by Walmart, generating approximately $13 million in annual sales until 2007, this location benefits from high visibility on the South Red River Expressway, with excellent access to Interstate 44, US Highway 281, and US Highway 277. The property features ample parking with 298 spaces and is zoned C/B (Commercial Business District). Burkburnett's strategic location, approximately 10 miles north of Wichita Falls and equidistant between Dallas and Oklahoma City, provides access to a substantial regional trade area exceeding 400,000 people. The presence of Sheppard Air Force Base, a major employer with nearly 16,000 personnel, further strengthens the area's economic vitality. This is a prime opportunity to capitalize on a high-traffic location with a proven track record in a growing market. The single building is comprised of multiple tenancies.

    Property Features for 106 Red River Expy

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,769 SF
    Class
    B

    Building Details

    Year Built
    1982
    Buildings
    1

    Unit(s) available at that property

    Space
    1
    Size
    21,466 SF

    HighLights

    • Former Walmart, $13M annual sales.
    • Located 10 miles north of Wichita Falls, TX.
    • 400,000 person regional trade area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tractor Supply Co. Animal Feed Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Burkburnett
    County
    Wichita
    State
    Texas
    Longitude
    -98.5595692
    Latitude
    34.0923573

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Power center - High-traffic retail space, flexible layouts.
    Where is this power center located?
    The property is located at 106 Red River Expy Burkburnett, TX.
    What are key features of this property?
    This property features: Former Walmart, $13M annual sales.; Located 10 miles north of Wichita Falls, TX.; 400,000 person regional trade area.
    Request Owner's contact information
    106 Red River Expy Burkburnett, TX 76354
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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
    106 Red River Expy Burkburnett, TX 76354
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