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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Grocery and convenience stores
1105 Broad St, Wichita Falls, TX 76301-4411
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US82-6286022
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Construction
STEEL FRAME
Total area
4,719 SF
Lot
0.58 ac (25,099 SF)
Zoning code
GC
APN
0030 331 01
UPID
US82-6286022
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
-
Barri Association / Organization
-
Carniceria Los Cuates Take-out & Catering Butcher
-
Barri Booth Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$575k
Owner & transaction history
Los Cuates LLC · 16 yrs held
Los Cuates LLC
since 2009
3 recorded transactions
Zoning & alternative use
GC · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$580,000
+52.1%
Commercial (general)
$430,000
+12.3%
Office building
$425,000
+11.2%
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
RETAIL STORES
$380,000
Current use
AUTO REPAIR, GARAGE
$580,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$430,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$425,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$345,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$122 / 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
$6,104
Tax year 2023
Assessed value
$275,336
Assessed 2024
Previous assessed
$258,125
+6.7% YoY
Effective rate
2.22%
On assessed value
Assessed land
$37,649
Assessed improvement
$237,687
Land market value
$37,649
Improvement market value
$237,687
Total market value
$275,336
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
4,719 SF
Lot
0.58 ac (25,099 SF)
Zoning code
GC
APN
0030 331 01
UPID
US82-6286022
Jurisdiction
WICHITA
Zoning & alternative use
GC · Wichita Falls, TX
Zoning 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
Wichita Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$430,000
OFFICE BUILDING
Est. value
$425,000
MEDICAL BUILDING
Est. value
$345,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1982
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Los Cuates LLC
Entity
Mailing address
1105 BROAD ST, WICHITA FALLS, TX 76301-4411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2016
—
Los Cuates Enterprises INC
—
Deed
related
$30,000 · First Bank
Jul 6, 2009
—
Los Cuates LLC
Joe Z Hernandez
Venders Lien
$141,000 · First Bank
Aug 7, 2007
—
Joe Z Hernadez
Hernandez Enterprises INC
Corporation Deed
—
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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