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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Medical Office Space
1 Medical Ct Wichita Falls, TX 76310-1767
Entity Owned
Free & Clear
Property ID
US82-6093589
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
STEEL FRAME
Total area
26,734 SF
Lot
1.98 ac (86,044 SF)
Zoning code
GC
APN
0720 012 10
UPID
US82-6093589
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cantwell Jennifer Physician
-
Dr. Yogish Kamath Physician
-
Brittany Smith Physician
-
Dr. Michael Hames Physician
-
Berend Shane Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.00M
Owner & transaction history
O S T C GROUP TX
O S T C GROUP TX
Zoning & alternative use
GC · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450 GC-GENERAL COMMERCIAL DISTRICT Pt 3510 LI-LIGHT INDUSTRIAL DISTRICT Pt 3580 HI-HEAVY INDUSTRIAL DISTRICT Pt 3640 PUD-PLANNED UNIT DEVELOPMEN…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
8,570.63 ac
Top alternative use upside
Office building
$5.0M
+155.0%
Auto repair, garage
$3.3M
+70.3%
Restaurant
$3.1M
+57.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,950,000
Current use
OFFICE BUILDING
$4,980,000
Change: +155% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,325,000
Change: +70% · Conversion: Difficult
RESTAURANT
$3,075,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,630,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$2,190,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$111,146
Tax year 2023
Assessed value
$5,926,391
Assessed 2024
Previous assessed
$4,700,000
+26.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$297,712
Assessed improvement
$5,628,679
Land market value
$297,712
Improvement market value
$5,628,679
Total market value
$5,926,391
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Total area
26,734 SF
Lot
1.98 ac (86,044 SF)
Zoning code
GC
APN
0720 012 10
UPID
US82-6093589
Jurisdiction
WICHITA
Zoning & alternative use
GC · Wichita Falls, TXZoning GC · permitted uses
GC · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450 GC-GENERAL COMMERCIAL DISTRICT Pt 3510 LI-LIGHT INDUSTRIAL DISTRICT Pt 3580 HI-HEAVY INDUSTRIAL DISTRICT Pt 3640 PUD-PLANNED UNIT DEVELOPMENT DISTRICT Pt 3700 RIVER DEVELOPMENT DISTRICT (Outside Greater Downtown Zone) Pt 3
Zone name
General Commercial
General category
COMMERCIAL
Zone area
8,570.63 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Lot
1.98 ac
Current owner
From public records · entity-resolved
O S T C GROUP TX
Entity
Free & Clear · 0 yrs held
Mailing address
1 W MEDICAL CT, WICHITA FALLS, TX 76310-1767
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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