Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6309 Central Fwy Wichita Falls, TX 76305

    • Land
    • 20.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alamo Fireworks Megastore / Discount Store / Party Supply Store
    • Alamo Fireworks / Discount Store / Party Supply Store

    Property Details for 6309 Central Fwy

    Lot size
    20.00 lot acres
    Property type
    Land

    Description

    This exceptional 20-21 acre commercial land parcel presents a remarkable investment opportunity in Wichita Falls, Texas. Strategically located at the intersection of Central E Freeway and Hemme Road (6309 Central E Fwy, zip code 76305), this property boasts significant frontage on both major thoroughfares, ensuring high visibility and accessibility. The site's General Commercial zoning allows for a wide range of development possibilities, making it particularly well-suited for a mixed-use development. A conceptual plan suggests a travel center, incorporating elements such as a branded fuel station, a modern food court, a large-format retail store, an integrated fast-food kitchen, dedicated truck lanes, and attached fast-food restaurants. The seller is willing to subdivide the property into two 10-acre parcels. The asking price is $1,295,000. Information on Improvement and Maintenance Service Tax (IMST) is available upon request following receipt of an offer. This property's prime location and flexible zoning make it an exceptional opportunity for investors seeking high-impact commercial development in a thriving Texas market. Don't miss this chance to acquire a significant piece of Wichita Falls real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5446
    Latitude
    33.997

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      6474 Burkburnett Rd

      Farms • 10.00 Acres
      6474 Burkburnett Rd, Wichita Falls, TX 76305
      View Details
    • Value Estimation by Request
      6,620 SF

      2671 State Hwy 79th N

      COMMERCIAL (GENERAL) • 6,620 SF
      2671 State Hwy 79th N, Wichita Falls, TX 76305-3028
      View Details
    • Value Estimation by Request
      2,320 SF

      711 Red Rock Rd

      COMMERCIAL (GENERAL) • 2,320 SF
      711 Red Rock Rd, Wichita Falls, TX 76305-2893
      View Details
    • Value Estimation by Request
      2,080 SF

      Wichita Falls, TX 76305

      COMMERCIAL (GENERAL) • 2,080 SF
      Wichita Falls, TX 76305
      View Details
    • Value Estimation
      $670,000
      6,000 SF

      3830 Watkins Rd

      COMMERCIAL (GENERAL) • 6,000 SF
      3830 Watkins Rd, Wichita Falls, TX 76305-2883
      View Details
    • Value Estimation by Request
      1.82 Acres

      4010 Reilly Rd

      VACANT COMMERCIAL LAND • 1.82 Acres
      4010 Reilly Rd, Wichita Falls, TX 76305-5424
      View Details

    Similar Nearby for Sale

    • $95,000
      9.86 Acres

      Wichita Falls Agricultural Land

      Ag exempt land with city utilities available in Wichita Falls.
      4258 City View Dr, Wichita Falls, TX 76305
      View Details
    • New
      $975,000
      149.00 Acres

      Turn-Key Hunting Ranch with Barndominium

      149-acre hunting ranch with luxurious barndominium near Wichita Falls.
      3635 River Rd, Wichita Falls, TX 76305
      View Details
    • $65,000
      2.95 Acres

      Residential Land Near Wichita Falls

      2.95 acre lot near Wichita Falls, Texas for sale.
      8121 Powell Rd, Wichita Falls, TX 76305
      View Details
    • $2,490,000
      49.23 Acres

      Highway Frontage Acreage in Wichita

      49.23 acres with highway frontage suitable for various uses.
      Northwest Fwy, Wichita Falls, TX 76305
      View Details
    • Contact for pricing
      2.06 Acres

      Residential Lot in Cashion Estates

      2.06 acre lot in Wichita Falls, Texas.
      Tbd Cashion Rd, Wichita Falls, TX 76305
      View Details
    • $170,000
      16.07 Acres

      Sixteen Acre Lot Near Highway

      Unimproved 16-acre lot near new high school and Highway 287.
      4216 Kiel Ln, Wichita Falls, TX 76305
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6309 Central Fwy
    Wichita Falls, TX 76305
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.