Property profile

2005 Scott Ave Wichita Falls, TX 76301

OFF-MARKET
Commercial real estate
Property ID
US82-7132471
5,000 SF 1.91 ac lot Built 1940
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 5,000 SF
Lot 1.91 ac (83,413 SF)
Zoning code LI
APN 0860 100 00
UPID US82-7132471

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
  • Marketing & Advertising Advertising Agency

Location

2005 Scott Ave Wichita Falls, TX 76301-7550
Wichita Falls metro Census 11300 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$915k
Comparable Approach Comparable
$837k
Blend (final) Blend
$285k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

LI · Wichita Falls, TX
Zoning description

CT § 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 GC-GENERAL COMMERCIAL DISTRICT Pt 3510…

General category INDUSTRIAL
Top alternative use upside
Restaurant $620,000 +35.9%
Auto repair, garage $615,000 +35.4%

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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