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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Industrial properties
1912 Loop 11, Wichita Falls, TX 76306-4921
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6070063
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1978
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.25 ac (54,633 SF)
APN
2173 001 00
UPID
US82-6070063
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
-
Dr. Scott B. Phillips Physician
-
Jolie Medical Aesthetics Spa & Massage Center Alternative Medicine Practice
-
Kairos Restorative Medicine - Ketamine Treatment Wichita Falls, TX Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Miharabros LLC · 3 yrs held
Miharabros LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$645,000
+50.5%
Restaurant
$610,000
+41.7%
Commercial (general)
$575,000
+33.2%
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
INDUSTRIAL (GENERAL)
$430,000
Current use
WAREHOUSE, STORAGE
$645,000
Change: +51% · Conversion: Easy
RESTAURANT
$610,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$535,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$485,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$365,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$101 / 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
$7,077
Tax year 2023
Assessed value
$299,282
Assessed 2024
Previous assessed
$299,282
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$21,853
Assessed improvement
$277,429
Land market value
$21,853
Improvement market value
$277,429
Total market value
$299,282
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
5,000 SF
Lot
1.25 ac (54,633 SF)
APN
2173 001 00
UPID
US82-6070063
Jurisdiction
WICHITA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$645,000
RESTAURANT
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$575,000
RETAIL STORES
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING
Est. value
$485,000
MEDICAL BUILDING
Est. value
$365,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1978
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Miharabros LLC
Entity
Mailing address
2701 TAFT BLVD, WICHITA FALLS, TX 76308-1243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
—
Miharabros LLC
Trinity Hughes LLC
Venders Lien
$293,250 · First National Bank
Dec 30, 2014
—
Trinity Hughes LLC
Stonebridge Investment & Developmen
Venders Lien
$167,000 · First Bank
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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