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1900 9th St Wichita Falls, TX 76301-4130

OFF-MARKET Strip malls Google Maps
15,752 SF 0.52 ac lot Built 1951
Individually Owned 18-yr Hold ~ Est. High Equity
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
Property ID US82-6740386

Property summary

AI-generated overview

This exceptional 13,923 square foot commercial property, located at 1900 9th Street in Wichita Falls, Texas, presents a unique investment opportunity. The single-story building sits on a 22,768 square foot lot and is comprised of six units, currently operating as a mix of retail and executive office spaces. The property boasts a strong location at the corner of 9th and Denver Streets, ensuring high visibility and significant traffic flow. Currently, two units are available for lease, offering potential for increased income. With a price per square foot of $36.63, this represents a significant price adjustment. The property is owner/tenant occupied, and when fully leased, it is projected to generate positive cash flow. The paved parking area provides ample space for customers and employees. The lease expiration date for existing tenants is July 11, 2025. This multi-use commercial property is ideal for investors seeking a strong return on investment in a desirable location. The property's combination of retail and office space provides flexibility and diverse income streams. This is a rare opportunity to acquire a well-located, established commercial property in Wichita Falls, Texas, at a highly competitive price.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1951
Construction STEEL FRAME
Total area 15,752 SF
Lot 0.52 ac (22,769 SF)
Zoning code GC
APN 1820 029 00
UPID US82-6740386

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
  • Pharmacy

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

GC · Wichita Falls, TX
Zoning description

MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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