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    4901 Henry S Grace Fwy Wichita Falls, TX 76302

    For Sale
    $900,000

    6.62 Acres, Zoned MF, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6.62-acre commercial land parcel presents a prime development opportunity in Wichita Falls, Texas. Located at 4901 Henry S Grace Fwy, 76302, this property boasts a highly desirable location within Wichita County. The land is zoned for multi-family use (MF), making it ideal for a variety of development projects, including apartments, townhouses, or other multi-unit residential structures. With a total asking price of $900,000, this translates to an attractive price per acre of $135,951. The property's convenient location offers easy access to major transportation routes and amenities, ensuring high visibility and potential for strong returns on investment. This is a rare opportunity to acquire a sizable, strategically located commercial land parcel in a growing Texas market. The zoning designation eliminates the need for extensive rezoning processes, streamlining the development timeline and reducing potential delays. Serious inquiries are encouraged to explore the full potential of this exceptional investment opportunity. Coordinates are 33.85693 latitude and -98.484139 longitude.

    Property Features for 4901 Henry S Grace Fwy

    General Information

    Property type
    Land
    Lot Size
    288,367 SF

    HighLights

    • $900,000 asking price for 6.62 acres of commercial land.
    • Located at 4901 Henry S Grace Fwy, Wichita Falls, TX 76302.
    • Land value is $135,951 per acre.
    • Zoned for multi‑family development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -98.484139
    Latitude
    33.85693

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    FAQs

    What type of property is this?
    Land - 6.62 Acres, Zoned MF, Development Ready
    Where is this land located?
    The property is located at 4901 Henry S Grace Fwy Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price for 6.62 acres of commercial land.; Located at 4901 Henry S Grace Fwy, Wichita Falls, TX 76302.; Land value is $135,951 per acre.
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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
    4901 Henry S Grace Fwy Wichita Falls, TX 76302
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