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    1621 Enterprise St Wichita Falls, TX 76306
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    1621 Enterprise St Wichita Falls, TX 76306

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    • Warehouses
    • 18,000 SF
    • 1.87 lot acres
    For Sale
    $952,500
    View Listing →
    Large Commercial Building For Sale For Sale
    $952,500
    18,000 SF

    Large Commercial Building For Sale

    18,000 sqft commercial building suitable for warehouse or manufacturing.

    1621 Enterprise Street, Wichita Falls, TX 76306
    View Listing
    Property ID
    US82-7132469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tickery Tock Speedworks / Storage Facility / Parking Lot & Garage

    Property Details for 1621 Enterprise St

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    1.87 lot acres
    Property size
    18,000 SF
    Zone code
    GC
    Property type
    Warehouses
    APN
    4630 001 11
    APU
    463000111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $772,000
      Market price range: $702k - $3.64M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5161
    Latitude
    33.9597
    CBSA code
    48660
    CBSA name
    WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,102
    $101,822
    $251,885
    $353,707
    -
    $101,822
    $251,885
    $353,707

    Comparable in this City

    • Value Estimation by Request
      7,360 SF

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      1100 Webster St, Wichita Falls, TX 76306-6022
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    • Value Estimation by Request
      1,992 SF

      1317 4th St

      WAREHOUSE, STORAGE • 1,992 SF
      1317 4th St, Wichita Falls, TX 76306-3103
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    • Value Estimation by Request
      1,440 SF

      411 Jefferson St

      WAREHOUSE, STORAGE • 1,440 SF
      411 Jefferson St, Wichita Falls, TX 76306
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    • Value Estimation by Request
      14,736 SF

      200 Scott Ave

      WAREHOUSE, STORAGE • 14,736 SF
      200 Scott Ave, Wichita Falls, TX 76306-3235
      View Details
    • Value Estimation
      $610,000
      8,250 SF

      2609 Sheppard Access Rd

      STORAGE YARD (JUNK, SALVAGE) • 8,250 SF
      2609 Sheppard Access Rd, Wichita Falls, TX 76306-4329
      View Details
    • Value Estimation by Request
      4,800 SF

      2519 Sheppard Access Rd

      WAREHOUSE, STORAGE • 4,800 SF
      2519 Sheppard Access Rd, Wichita Falls, TX 76306-5300
      View Details

    Similar Nearby for Sale

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      1.5-acre commercial property with versatile usage options.
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    • $55,000
      0.12 Acres

      Single Family Home For Sale

      Two-bedroom, one-bath single family home, currently rented for $750/month.
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    • Contact for pricing
      70.48 Acres

      Prime Land in Wichita Falls

      Vacant lot in Wichita Falls, TX, ideal for development.
      610 N Beverly Dr, Wichita Falls, TX 76306
      View Details
    • Contact for pricing
      0.17 Acres

      Land Near Downtown, Wichita Falls

      Unimproved land inside city limits, utilities available.
      706 N Lamar St, Wichita Falls, TX 76306
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    • Contact for pricing
      2,400 SF

      Former Neon Spur Venue

      Former venue with indoor space and fenced outdoor area.
      200 N Burnett St, Wichita Falls, TX 76306
      View Details
    • $99,000

      Commercial Land on Burnett Street

      Commercial land available for sale on Burnett Street.
      200 N Burnett St, Wichita Falls, TX 76306
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    Similar Nearby for Lease

    • Contact for pricing
      7,511 SF

      Wichita Falls Warehouse Space

      7,511 square foot warehouse space available for lease.
      3430 Burkburnett Rd, Wichita Falls, TX 76306
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease with flexible sizing options.
      3901 Central Fwy E, Wichita Falls, TX 76306
      View Details
    • $1,500 /Mo
      9,670 SF

      Former Neon Spur Venue

      Versatile space ideal for restaurant, bar, or entertainment venue.
      200 N Burnett St, Wichita Falls, TX 76306
      View Details
    View Listing
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    Wichita Falls, TX 76306
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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