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    Property profile & analytics
    OFF-MARKET Estimated value $905,000
    Warehouses

    3101 Armory Rd, Wichita Falls, TX 76302-1718

    36,398 SF 5.55 ac lot Built 1950
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US82-8690038
    Property summary
    AI-generated overview

    This exceptional 36,398-square-foot flex building presents a unique investment opportunity in Wichita Falls, Texas. Situated on a spacious 5.55-acre lot, this former school building offers a versatile layout including ample workshop areas, offices, and substantial storage space. The property features multiple roll-up doors ranging from 9 to 16 feet, enhancing accessibility and functionality. Security is ensured by a fenced yard complete with electronic gates. The building is conveniently located with easy access to major highways including TX-79, US-281, and US-287, providing excellent visibility and connectivity. Zoned for General Commercial use, this property allows for a broad range of potential applications. A significant advantage is the inclusion of an approximately 80-85 kW solar system, still under the manufacturer's warranty, contributing to significant energy savings. The property boasts ample parking and is priced at $849,000, or $23.33 per square foot. Built in 1950, this single-story structure is classified as Class C and currently sits vacant, presenting a blank canvas for a discerning buyer. The property's address is 3101 Armory Rd, Wichita Falls, TX 76302, and its APN is 0470 070 04. This is a rare opportunity to acquire a substantial property in a thriving area with significant potential for return on investment.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1950
    Total area 36,398 SF
    Lot 5.55 ac (241,758 SF)
    Zoning code GC
    APN 0470 070 04
    UPID US82-8690038
    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
    • Als Heavy Duty Wrecker Service Auto Repair Shop
    • Budget Heavy Towing Auto Repair Shop
    • Collins Towing & Recovery Services Auto Repair Shop
    • City Towing & Recovery, LLC Auto Repair Shop
    • AAA Towing & Roadside Assistance Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $605k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.21M
    Blend (final) Blend
    $905k
    Owner & transaction history
    Cyrus Oppportunity Zone Fund II LP · 4 yrs held
    Cyrus Oppportunity Zone Fund II LP
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    GC · Wichita Falls, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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