1119 N Bailey St Electra, TX 76360
Outlet malls
Google Maps
Individually Owned
4-yr Hold
~
Est. High Equity
For Sale
1 / 6
Contact for pricing
1119 N Bailey St, Electra, TX 76360
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Estimated value (blended)
$1.97M
Range $1.77M – $2.16M (±10%)
Property ID
US82-0067106
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Total area
10,580 SF
Lot
0.98 ac (42,689 SF)
APN
7C10 111 08
UPID
US82-0067106
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
-
Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.97M
Owner & transaction history
since 2022
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Commercial (general)
$1.5M
+24.9%
Warehouse, storage
$1.4M
+9.7%
Auto repair, garage
$1.3M
+2.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.97M
Value range
$1.77M – $2.16M
±10% around blend
Estimated value / SF
$186 / SF
Confidence
Property data
75
Comparable evidence
60
Income certainty
100
$1.77M
blend $1.97M
$2.16M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,580 SF
Lot area
0.98 ac
Year built
2022
APN
7C10 111 08
Assessed value
$1,554,000
Annual tax
$37,368
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.21M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.39M
@ 6.5% CAP return
$2.21M
@ 7% CAP return
$2.05M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$37,368
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.73M
Range $602k – $1.73M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.97M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+25%
vs current-use indication
Warehouse, Storage
Auto Repair, Garage
Restaurant
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
10.97%
Selected cap rate for this outlet malls
Derived from the Electra market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 10.97%
9.0%
NOI (est.)
$569k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.19M
Move the market yield to see immediate price impact.
Value / SF
$490
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
10.47%10.97%11.47%
$512k
$4.89M
$4.67M
$4.46M
$569k
$5.43M
$5.19M
$4.96M
$626k
$5.98M
$5.70M
$5.46M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,368
Tax year 2023
Assessed value
$1,554,000
Assessed 2024
Previous assessed
$1,554,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$42,689
Assessed improvement
$1,511,311
Land market value
$42,689
Improvement market value
$1,511,311
Total market value
$1,554,000
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
2022
Total area
10,580 SF
Lot
0.98 ac (42,689 SF)
APN
7C10 111 08
UPID
US82-0067106
Jurisdiction
WICHITA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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