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106 S Red River Expy Burkburnett, TX 76354

Outlet malls Google Maps
43,756 SF 6.03 ac lot Built 1982
Entity Owned 20-yr Hold Absentee Owner Free & Clear
106 S Red River Expy, Burkburnett, TX 76354 For Lease
Contact for pricing
106 S Red River Expy, Burkburnett, TX 76354
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Estimated value (blended)
$850k
Range $765k – $935k (±10%)
Property ID US82-6967251

Property summary

AI-generated overview

This exceptional 43,769 square foot retail power center, situated on a 6.03-acre lot in Burkburnett, Texas, presents a unique investment opportunity. The property, built in 1982 and boasting a Class B rating, offers flexible space options ranging from 2,381 to 21,466 contiguous square feet, ideal for a variety of retail uses. Previously occupied by Walmart, generating approximately $13 million in annual sales until 2007, this location benefits from high visibility on the South Red River Expressway, with excellent access to Interstate 44, US Highway 281, and US Highway 277. The property features ample parking with 298 spaces and is zoned C/B (Commercial Business District). Burkburnett's strategic location, approximately 10 miles north of Wichita Falls and equidistant between Dallas and Oklahoma City, provides access to a substantial regional trade area exceeding 400,000 people. The presence of Sheppard Air Force Base, a major employer with nearly 16,000 personnel, further strengthens the area's economic vitality. This is a prime opportunity to capitalize on a high-traffic location with a proven track record in a growing market. The single building is comprised of multiple tenancies.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1982
Construction CONCRETE BLOCKS
Total area 43,756 SF
Lot 6.03 ac (262,667 SF)
Zoning code C/B
APN 5M16 004 00
UPID US82-6967251

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pet Store & Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.47M
Blend (final) Blend
$850k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

Zoning & alternative use

C/B · Burkburnett, TX
Zoning description

SECTION 20 C/B -- COMMERCIAL / BUSINESS DISTRICT 20.1 GENERAL PURPOSE AND DESCRIPTION: The C/B, Commercial/Business, district is established to provide areas for a mixture of nonresidential land uses including office, re…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $7.5M +63.5%
Office building $6.1M +32.8%
Industrial (general) $5.7M +24.3%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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