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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
1111 Scott Ave Wichita Falls, TX 76301-7812
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6283973
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1942
Construction
CONCRETE BLOCKS
Total area
14,940 SF
Lot
1.11 ac (48,264 SF)
Zoning code
LI
APN
1850 015 00
UPID
US82-6283973
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
-
texas too Car Dealership
-
Emergency Dental Care Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$540k
Owner & transaction history
1111 East Scott St Wichita Falls Ll · 3 yrs held
1111 East Scott St Wichita Falls Ll
since 2023
4 recorded transactions
Zoning & alternative use
LI · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$36 / 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
$5,911
Tax year 2023
Assessed value
$273,236
Assessed 2024
Previous assessed
$249,968
+9.3% YoY
Effective rate
2.16%
On assessed value
Assessed land
$16,893
Assessed improvement
$256,343
Land market value
$16,893
Improvement market value
$256,343
Total market value
$273,236
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1942
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Total area
14,940 SF
Lot
1.11 ac (48,264 SF)
Zoning code
LI
APN
1850 015 00
UPID
US82-6283973
Jurisdiction
WICHITA
Zoning & alternative use
LI · Wichita Falls, TX
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
1942
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
1111 East Scott St Wichita Falls Ll
Individual
Mailing address
1104 TRAVIS ST WICHITA FALLS, FALLS
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
—
1111 East Scott St Wichita Falls Ll
Juan Millan
Venders Lien
$190,000 · First Bank
Nov 18, 2019
—
Juan M Millan
Scott Tucker
Venders Lien
$100,000 · Scott Tucker
Sep 16, 2019
—
American National Bank And Trust
The Browse Shop Ltd
Warranty Deed
—
Dec 22, 2005
—
The Browse Shop Ltd
The Marvin W And Mildred Oliver Tru
Venders Lien
$465,000 · The Marvin W Etal
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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