0 Northwest Fwy Wichita Falls, TX 76306
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.