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    Northwest Fwy Wichita Falls, TX 76306

    For Sale
    $445,000

    49 Acres, Highway 287 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 49.23-acre property boasts prime frontage on Highway 287 North in Wichita Falls, Texas, offering unparalleled versatility. Zoned for light commercial use, it presents a multitude of development opportunities, including retail, RV parks, or commercial ventures. The land also lends itself to residential development, creating a unique blend of commercial and residential potential. Further enhancing its appeal are its recreational possibilities; the property includes a stock pond, stables, and rolling hills with plum thickets, making it suitable for hunting, ranching, or simply enjoying the Texas landscape. The property features barbed wire fencing around the perimeter and internally, with rear access via Wellington Lane. Currently enjoying an agricultural exemption, this land offers a blend of commercial viability and recreational charm. Note that while the property has a gravel entrance, it is not fully driveable by vehicle; viewing is recommended on foot or by ATV. The property's location offers easy access from Wichita Falls, making it an attractive investment opportunity. The property borders Mathews Machine Shop to the east. A 4% BAC is noted.

    Property Features for 0 Northwest Fwy

    General Information

    Property type
    Land

    HighLights

    • $445,000 asking price.
    • 49.23 acres of land in Wichita Falls, TX.
    • Light Commercial zoning.
    • Highway 287 frontage and rear access via Wellington Lane.
    • Suitable for various uses including retail, RV park, commercial, residential, and recreational development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.570137735067
    Latitude
    33.950878525443

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    FAQs

    What type of property is this?
    Land - 49 Acres, Highway 287 Frontage
    Where is this land located?
    The property is located at Northwest Fwy Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: $445,000 asking price.; 49.23 acres of land in Wichita Falls, TX.; Light Commercial zoning.
    Request Owner's contact information
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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
    Northwest Fwy Wichita Falls, TX 76306
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