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Property profile & analytics
OFF-MARKET
Retail space
220 3rd St Burkburnett, TX 76354-3435
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-5157221
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
CONCRETE BLOCKS
Total area
2,505 SF
Lot
0.09 ac (3,751 SF)
Zoning code
C/B
APN
5A01 211 00
UPID
US82-5157221
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
Burkburnett Development Corporation · 2 yrs held
Burkburnett Development Corporation
since 2023
7 recorded transactions
Zoning & alternative use
C/B · Burkburnett, TX
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 Burkburnett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burkburnett 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
$177
Tax year 2023
Assessed value
$17,000
Assessed 2024
Previous assessed
$15,008
+13.3% YoY
Effective rate
1.04%
On assessed value
Assessed land
$5,626
Assessed improvement
$11,374
Land market value
$5,626
Improvement market value
$11,374
Total market value
$17,000
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Total area
2,505 SF
Lot
0.09 ac (3,751 SF)
Zoning code
C/B
APN
5A01 211 00
UPID
US82-5157221
Jurisdiction
WICHITA
Zoning & alternative use
C/B · Burkburnett, TX
Zoning C/B · permitted uses
C/B · Burkburnett, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burkburnett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Burkburnett Development Corporation
Entity
Free & Clear · 2 yrs held
Mailing address
1001 JAN LEE DR, BURKBURNETT, TX 76354-2915
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
—
Burkburnett Development Corporation
Lorenzo M Barnes
Warranty Deed
—
May 10, 2010
—
Alex H Seward
W Lynn Landrum
Venders Lien
$55,310 · W Lynn Landrum
May 25, 2007
—
Alex H Seward JR
Lynn W Landreum
Venders Lien
$67,500 · W Lynn Landrum
May 17, 2006
—
Alex H Seward JR
Toni W Forcher
Venders Lien
$2,000,000 · State National Bank Of Texas
Apr 26, 2006
—
Alex H Seward JR
Gordon W Smith
Warranty Deed
$50,000 · Sharon Royse
Feb 6, 2006
—
Alex H Seward JR
W Lynn Landrum
Venders Lien
$27,500 · W Lynn Landrum Etux
Feb 4, 2005
—
Alex H Seward JR
Dan Paul Sales
Venders Lien
$37,000 · First American Bank Ssb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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