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Property profile & analytics
OFF-MARKET
Gas stations
2228 Brk Ave Wichita Falls, TX 76301-6122
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7431258
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1966
Total area
1,302 SF
Lot
0.26 ac (11,252 SF)
Zoning code
LC
APN
0640 002 00
UPID
US82-7431258
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
-
Mike's Lube Shop Auto Repair Shop
-
Luke's Custom Window Tinting Interior Design Auto Repair Shop
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
Amy Young Thompson · 8 yrs held
Amy Young Thompson
since 2018
1 recorded transaction
Zoning & alternative use
LC · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
LC-LIMITED COMMERCIAL DISTRICT § 3380 Purpose. § 3390 Permitted uses. § 3400 Conditional uses. § 3410 Development regulations. § 3420 Special conditions. § 3380 Purpose. The purpose of the LC Limited Commercial District is to accommodate small offices and limited commercial activities. These districts are intended to be adjacent to residential areas and act…
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
1,120.48 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
$3,770
Tax year 2023
Assessed value
$196,642
Assessed 2024
Previous assessed
$159,401
+23.4% YoY
Effective rate
1.92%
On assessed value
Assessed land
$11,252
Assessed improvement
$185,390
Land market value
$11,252
Improvement market value
$185,390
Total market value
$196,642
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
YES
Buildings
2
Total area
1,302 SF
Lot
0.26 ac (11,252 SF)
Zoning code
LC
APN
0640 002 00
UPID
US82-7431258
Jurisdiction
WICHITA
Zoning & alternative use
LC · Wichita Falls, TXZoning LC · permitted uses
LC · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
LC-LIMITED COMMERCIAL DISTRICT § 3380 Purpose. § 3390 Permitted uses. § 3400 Conditional uses. § 3410 Development regulations. § 3420 Special conditions. § 3380 Purpose. The purpose of the LC Limited Commercial District is to accommodate small offices and limited commercial activities. These districts are intended to be adjacent to residential areas and act as a buffer between residential and more intense uses. ( Ordinance 30-2022 adopted 8/16/2022 )
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
1,120.48 ac
Building & site characteristics
From public records
Year built
1966
Heating
YES
Cooling
Yes
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Amy Young Thompson
Individual
Mailing address
256TH SARATOGA TRL, WICHITA FALLS, TX 76310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2018
—
Amy Young Thompson
Christina Lorraine Young Willis
Venders Lien
$144,000 · Union Square FCU
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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