Property profile

3101 Armory Rd Wichita Falls, TX 76302

OFF-MARKET
Warehouses
Property ID
US82-8690038
36,398 SF 5.55 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop
  • Auto Repair Shop
  • Auto Repair Shop
  • Auto Repair Shop

Location

3101 Armory Rd Wichita Falls, TX 76302-1718
Wichita Falls metro Census 11600 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$605k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

GC · Wichita Falls, TX
Zoning description

MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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