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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Warehouses
201 Rathgeber Rd Wichita Falls, TX 76310
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-8150807
Property summary
AI-generated overview
Exceptional investment opportunity: Rangers' Retreat Self Storage, a 2023-built, 28,700-square-foot facility in Wichita Falls, Texas, is offered at $1,700,000. This nine-building complex boasts 207 units (187 non-climate controlled), 20 uncovered parking spaces, and sits on a 6.35-acre lot. Currently operating at 33% occupancy, the property benefits from its strategic location near US 281 (5,762 average daily traffic), major retailers (Walmart, Starbucks, McDonald's within 1.1 miles), and Midwestern State University (2.8 miles, 5,324 students). The strong demographics include a 5-mile radius population of 61,555 with an average household income of $82,485. Construction features include gravel drives, steel and metal construction, perimeter fencing, gated access, and security cameras. The average non-climate unit size is 153 square feet. The property is remotely managed by the owner. This presents a compelling opportunity for growth and strong returns in a thriving market. APN: 124728. Address: 201 Rathgeber Rd, Wichita Falls, TX 76302.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
29,100 SF
Lot
22 ac (958,320 SF)
APN
4420 008 02
UPID
US82-8150807
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
-
Ranger's Retreat Self Storage Storage Facility
-
Rangers' Retreat Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Nicholas Aaron Eubanks · 1 yrs held
Nicholas Aaron Eubanks
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$18,580
Tax year 2023
Assessed value
$820,000
Assessed 2024
Previous assessed
$820,000
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$292,033
Assessed improvement
$527,967
Land market value
$292,033
Improvement market value
$527,967
Total market value
$820,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Total area
29,100 SF
Lot
22 ac (958,320 SF)
APN
4420 008 02
UPID
US82-8150807
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
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Lot
22 ac
Current owner
From public records · entity-resolved
Nicholas Aaron Eubanks
Individual
Mailing address
7918 FM 172ND RD, HENRIETTA, TX 76365-7128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
—
Nicholas Aaron Eubanks
Rng Enterprise INC
Venders Lien
$113,000 · Union Square FCU
Feb 10, 2021
—
Rng Enterprise INC
—
Deed
related
$684,000 · Firstcapital Bank Of Texas NA
Apr 8, 2020
—
Michael Gerstner
Joy Beth Yellott
Venders Lien
$72,750 · Firstcapital Bank Of Texas NA
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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