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Property profile & analytics
OFF-MARKET
Flex space
306 Brk Ave Wichita Falls, TX 76306-3320
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-7334957
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1957
Construction
WOOD
Total area
2,208 SF
Lot
0.48 ac (21,000 SF)
Zoning code
SF2
APN
3060 554 00
UPID
US82-7334957
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
-
Pauly’s Auto & Body 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
Raymundo Ramirez · 11 yrs held
Raymundo Ramirez
since 2014
2 recorded transactions
Zoning & alternative use
SF2 · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d and conditional uses. § 3010 Zoning districts established. The city is hereby divided into the following zoning districts: Section No. Map Code Zoning District Name 3040 SF-1 Single-family residential (large lot) 3100 SF-2 Single-family residential (standard lot) 3170 MFR Multifamily residential 3250 RMU Residential mixed use district 3320 MHR Manufactured…
Zone name
Single Family Residential Standard Lot
General category
RESIDENTIAL
Zone area
11,627.08 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
$859
Tax year 2023
Assessed value
$37,059
Assessed 2024
Previous assessed
$36,307
+2.1% YoY
Effective rate
2.32%
On assessed value
Assessed land
$10,500
Assessed improvement
$26,559
Land market value
$10,500
Improvement market value
$26,559
Total market value
$37,059
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Units
1
Total area
2,208 SF
Lot
0.48 ac (21,000 SF)
Zoning code
SF2
APN
3060 554 00
UPID
US82-7334957
Jurisdiction
WICHITA
Zoning & alternative use
SF2 · Wichita Falls, TXZoning SF2 · permitted uses
SF2 · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
d and conditional uses. § 3010 Zoning districts established. The city is hereby divided into the following zoning districts: Section No. Map Code Zoning District Name 3040 SF-1 Single-family residential (large lot) 3100 SF-2 Single-family residential (standard lot) 3170 MFR Multifamily residential 3250 RMU Residential mixed use district 3320 MHR Manufactured housing residential 3360 LO Limited office district 3370 LC Limited commercial dist
Zone name
Single Family Residential Standard Lot
General category
RESIDENTIAL
Zone area
11,627.08 ac
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Raymundo Ramirez
Individual
Free & Clear · 11 yrs held
Mailing address
1685 CHARLIE CIR, WICHITA FALLS, TX 76305-6903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2014
—
Raymundo Ramirez
Jerry B Hobbs III
Warranty Deed
—
Nov 7, 2006
—
David Comstock
T L Inman
Venders Lien
$40,000 · First National Bank Of Byers
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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