Property profile

2009 Maurine St Wichita Falls, TX 76306

OFF-MARKET
Drive through restaurants
Property ID
US82-7368494
1,754 SF 0.43 ac lot Built 2007
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, a former Starbucks, presents a compelling investment opportunity in Wichita Falls, Texas. The 1,750 square foot free-standing building, constructed in 2007, sits on a half-acre lot (0.43 acres) and boasts a convenient drive-thru. Its strategic location on Interstate 44 ensures high visibility to over 71,000 vehicles daily, with easy ingress and egress. The property benefits from its proximity to Sheppard Air Force Base, the largest and most diversified training base in Air Education and Training Command, and is also conveniently located near Hirschi High School, Kate Burgess Elementary, Kirby Middle School, and the Boys & Girls Club (all within 0.5 miles). Ample parking caters to various retail or restaurant uses. The surrounding area features established businesses such as Denny's, Whataburger, Long John Silver's, and 7-Eleven, and is not far from a relatively new Walmart Supercenter. Eight hotels, including Comfort Inn, Quality Inn & Suites, La Quinta, Red Roof Inn, and Super 8 by Wyndham, are also nearby. This property is priced well below its original construction cost, making it an ideal value-add opportunity. The APN is 137062, and the permitted zoning is 101815124. The address is 2009 Maurine St, Wichita Falls, TX 76306.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2007
Construction CONCRETE BLOCKS
Total area 1,754 SF
Lot 0.43 ac (18,561 SF)
Zoning code GC
APN 2820 015 01
UPID US82-7368494

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

2009 Maurine St Wichita Falls, TX 76306
Wichita Falls metro Census 13000 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2022
6 recorded transactions
2023
Price N/A
2022
Price N/A
2019
Price N/A
2018
Price N/A
2008
Price N/A
2007
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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