Property profile

106 Michigan Ave Wichita Falls, TX 76301

OFF-MARKET
Commercial real estate
Property ID
US82-6803055
5,000 SF 0.69 ac lot Built 1948
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Construction STEEL FRAME
Total area 5,000 SF
Lot 0.69 ac (30,100 SF)
Zoning code LI
APN 0010 654 00
UPID US82-6803055

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

106 Michigan Ave Wichita Falls, TX 76301-1031
Wichita Falls metro Census 10400 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

LI · Wichita Falls, TX
Zoning description

CT § 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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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