Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Grocery and convenience stores
1001 Red Riv Expy Burkburnett, TX 76354-3712
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6627787
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1975
Construction
STEEL FRAME
Total area
3,611 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C/B
APN
5N01 009 00
UPID
US82-6627787
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
-
Valero Gas Station
-
Burk Market & Café Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$620k
Owner & transaction history
Kamali Management INC · 14 yrs held
Kamali Management INC
since 2012
2 recorded transactions
Zoning & alternative use
C/B · Burkburnett, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$620,000
+346.0%
Office building
$505,000
+262.2%
Auto repair, garage
$470,000
+237.0%
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 Burkburnett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burkburnett 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
COMMERCIAL (GENERAL)
$620,000
Change: +346% · Conversion: Easy
OFFICE BUILDING
$505,000
Change: +262% · Conversion: Moderate
AUTO REPAIR, GARAGE
$470,000
Change: +237% · Conversion: Difficult
WAREHOUSE, STORAGE
$400,000
Change: +185% · Conversion: Difficult
RETAIL STORES
$380,000
Change: +173% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$172 / 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
$6,972
Tax year 2023
Assessed value
$557,627
Assessed 2024
Previous assessed
$590,560
-5.6% YoY
Effective rate
1.25%
On assessed value
Assessed land
$40,075
Assessed improvement
$517,552
Land market value
$40,075
Improvement market value
$517,552
Total market value
$557,627
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
3,611 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C/B
APN
5N01 009 00
UPID
US82-6627787
Jurisdiction
WICHITA
Zoning & alternative use
C/B · Burkburnett, TX
Zoning C/B · permitted uses
C/B · Burkburnett, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burkburnett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$400,000
RETAIL STORES
Est. value
$380,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1975
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Kamali Management INC
Entity
Mailing address
931 S RED RIV EXPY, BURKBURNETT, TX 76354-3710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2012
—
Kamali Management INC
Yadi Kamali
Venders Lien
$695,000 · First Capital Bank
Mar 22, 2012
—
Yadi Kamali
Willis Ingram Real Estate Partnersh
Venders Lien
$100,000 · Willis Ingram Real Est Partnership
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1001 Red Riv Expy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
