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Property profile & analytics
OFF-MARKET
Commercial land
2109 Kentucky Ave Wichita Falls, TX 76301
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-8611769
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.15 ac (6,499 SF)
Zoning code
RMU
APN
3330 065 00
UPID
US82-8611769
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tracey Cross · 2 yrs held
Tracey Cross
since 2023
3 recorded transactions
Zoning & alternative use
RMU · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the RMU Residential Mixed Use District is to accommodate areas which now have residential uses intermixed with various types of nonresidential uses. Due to the mixed use character of these areas, commercial uses will be allowed as conditional uses. ( Ordinance 30-2022 adopted 8/16/2022 )
Zone name
Residential Mixed Use
General category
MIXED_USE
Zone area
3,606.92 ac
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
—
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
$4
Tax year 2023
Assessed value
$149
Assessed 2024
Previous assessed
$149
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$149
Land market value
$149
Total market value
$149
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.15 ac (6,499 SF)
Zoning code
RMU
APN
3330 065 00
UPID
US82-8611769
Jurisdiction
WICHITA
Zoning & alternative use
RMU · Wichita Falls, TXZoning RMU · permitted uses
RMU · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the RMU Residential Mixed Use District is to accommodate areas which now have residential uses intermixed with various types of nonresidential uses. Due to the mixed use character of these areas, commercial uses will be allowed as conditional uses. ( Ordinance 30-2022 adopted 8/16/2022 )
Zone name
Residential Mixed Use
General category
MIXED_USE
Zone area
3,606.92 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Tracey Cross
Individual
Free & Clear · 2 yrs held
Mailing address
4701 CLYDESDALE DR, FLOWER MOUND, TX 75028-4089
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 22, 2023
—
Tracey Cross
Home Equity Options LLC
Warranty Deed
—
May 5, 2023
—
Home Equity Options LLC
2 10 Properties LLC
Warranty Deed
—
Oct 22, 2008
—
2-10 Properties LLC
Brodie Buick Co
Venders Lien
$795,000 · Fidelity 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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