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3111 Midwestern Pkwy Wichita Falls, TX 76308-2823

OFF-MARKET Super regional malls Google Maps
784,240 SF 58.86 ac lot Built 1973
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$8.08M
Range $7.27M – $8.89M (±10%)
Property ID US82-6642008

Property summary

AI-generated overview

Sikes Senter Mall, a vibrant retail and restaurant center in Wichita County, offers exceptional opportunities for businesses seeking prime commercial space. This established mall boasts a total of 668,848 square feet, with 93,725 square feet currently vacant and available for lease. Spaces range from a minimum of 5,584 square feet to a maximum contiguous space of 41,355 square feet, providing flexibility for various business needs. The property sits on a substantial 59.8-acre lot and offers ample parking with 3,811 spaces for customer convenience. Sikes Senter benefits from its strategic location in Wichita Falls, drawing significant traffic from the nearby university and military installations. Recent interior renovations have enhanced the mall's appeal, creating a modern and inviting atmosphere for shoppers and diners. The diverse tenant mix, including established restaurants and entertainment options, contributes to a thriving and dynamic environment. This is an exceptional opportunity to establish or expand your business within a well-established and highly trafficked retail center. The available space presents a unique chance to capitalize on the strong existing customer base and vibrant community atmosphere of Sikes Senter Mall.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1973
Total area 784,240 SF
Lot 58.86 ac (2,563,846 SF)
Zoning code GC
APN 4660 001 02
UPID US82-6642008

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
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Clothing & Fashion Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Hair Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.08M

Owner & transaction history

since 2013
1 recorded transaction
2013
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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