3110 Midwestern Pkwy Wichita Falls, TX 76308-2842
Property profile & analytics
3110 Midwestern Pkwy Wichita Falls, TX 76308-2842
- Turn key restaurants
- 4,000 SF
- 0.24 lot acres
Property ID
US82-0444985
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Volcano Japanese Fusion / Restaurant
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
Property Details for 3110 Midwestern Pkwy
- Year built
- 2012
- Lot size
- 0.24 lot acres
- Property size
- 4,000 SF
- Property type
- Turn key restaurants
- APN
- 1220 001 01
- APU
- 122000101
Description
This exceptional 4,000 square foot retail shopping center presents a compelling net lease investment opportunity in Wichita Falls, Texas. Located at 3110 Midwestern Parkway, this single-story, 100% occupied property boasts two tenants and offers a strong 7.49% cap rate on a $1,250,000 asking price, translating to a price per square foot of $312.50. Built in 2012, the property sits on a 0.24-acre lot and benefits from its prime location within a thriving retail environment. Major national retailers like Walmart, Target, and Home Depot are within a two-mile radius, ensuring high visibility and consistent foot traffic. The property's proximity to Midwestern State University and residential neighborhoods further enhances its appeal and potential for sustained revenue generation. The property's strong NOI of $93,600 reflects the stability and profitability of this investment. The convenient access to major highways adds to its strategic advantage. This is a rare opportunity to acquire a fully leased, Class B retail center with a proven track record of success. The property is zoned for retail use.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Longitude
- -98.5334
- Latitude
- 33.8708
- CBSA code
- 48660
- CBSA name
- WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,295
$212,480
$730,520
$943,000
-
$212,480
$730,520
$943,000
