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Property profile & analytics
OFF-MARKET
Estimated value
$8,335,000
Warehouses
1081 Lamar St, Wichita Falls, TX 76301-3412
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6869616
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Construction
CONCRETE
Total area
103,985 SF
Lot
2.61 ac (113,748 SF)
Zoning code
CBD
APN
0020 827 00
UPID
US82-6869616
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
-
TurnKey Storage - Wichita Falls Moving Company
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.50M
Blend (final)
Blend
$8.34M
Owner & transaction history
Wichita Storage Holdings LLC · 12 yrs held
Wichita Storage Holdings LLC
since 2014
1 recorded transaction
Zoning & alternative use
CBD · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.9M
+104.9%
Auto repair, garage
$12.8M
+104.0%
Commercial (general)
$9.5M
+50.7%
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
WAREHOUSE, STORAGE
$6,280,000
Current use
RESTAURANT
$12,860,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,810,000
Change: +104% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,460,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$9,365,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$8,425,000
Change: +34% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,245,000
Change: +31% · Conversion: Easy
MEDICAL BUILDING
$7,635,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$8.34M
Range $7.50M – $9.17M · ±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
$80 / 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
$64,228
Tax year 2023
Assessed value
$2,910,000
Assessed 2024
Previous assessed
$2,716,000
+7.1% YoY
Effective rate
2.21%
On assessed value
Assessed land
$113,748
Assessed improvement
$2,796,252
Land market value
$113,748
Improvement market value
$2,796,252
Total market value
$2,910,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Units
1
Total area
103,985 SF
Lot
2.61 ac (113,748 SF)
Zoning code
CBD
APN
0020 827 00
UPID
US82-6869616
Jurisdiction
WICHITA
Zoning & alternative use
CBD · Wichita Falls, TX
Zoning CBD · permitted uses
CBD · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wichita Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.3M
RESTAURANT
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$9.5M
OFFICE BUILDING
Est. value
$9.4M
RETAIL STORES
Est. value
$8.4M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1967
Construction
CONCRETE
Heating
NONE
Units
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Wichita Storage Holdings LLC
Entity
Mailing address
1990 W 1150TH NB, LEHI, UT 84043-6509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2014
—
Wichita Storage Holdings LLC
1000 Scott Ltd
Venders Lien
$275,000 · 1000 Scott Ltd
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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