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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Strip malls
2526 Missile Rd, Wichita Falls, TX 76306-1375
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-6690140
Property summary
AI-generated overview
Ambreen Plaza, located at 2526 Missile Rd, Wichita Falls, TX 76306, offers a 1,200 square foot office/retail space for lease. This suite, number 8, is situated within a larger 25,000 square foot multi-tenant building on a 3.014-acre lot. The property is zoned GC and has convenient access via Missile Rd and a cross street. The space is ideal for creative office, executive office, or coworking uses, and previously operated as a cell store. Recent renovations include fresh paint, new ceiling tiles, and new carpeting. The lease rate is $995 per month gross, with tenants responsible only for electricity. The building itself offers a variety of uses, including retail and office space. This prime location in Wichita Falls presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located space. The available suite is ready for immediate occupancy. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
19,080 SF
Lot
3.03 ac (131,987 SF)
APN
0959 208 00
UPID
US82-6690140
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
-
Thai Bistro of Wichita Falls Restaurant
-
Texoma Fun House Event Planning Party Supply Store
-
Red River Brazilian Jiu-Jitsu Training Center Sports School
-
A Step Ahead Salon 2 Hair Salon
-
Dollar Saver 4 | Vape | Pipe | CBD Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$560k
Owner & transaction history
AMBER PLAZA LLC
AMBER PLAZA LLC
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
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Current use
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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
$12,835
Tax year 2023
Assessed value
$950,000
Assessed 2024
Previous assessed
$1,050,000
-9.5% YoY
Effective rate
1.35%
On assessed value
Assessed land
$304,889
Assessed improvement
$645,111
Land market value
$304,889
Improvement market value
$645,111
Total market value
$950,000
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
2
Total area
19,080 SF
Lot
3.03 ac (131,987 SF)
APN
0959 208 00
UPID
US82-6690140
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Buildings
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
AMBER PLAZA LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1517 TANGLEWOOD DR, WICHITA FALLS, TX 76309-1438
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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