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    Property profile & analytics
    OFF-MARKET Estimated value $1,190,000
    Strip malls

    3201 Lawrence Rd, Wichita Falls, TX 76308-1608

    26,516 SF 14.68 ac lot Built 2011
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-7019261
    Property summary
    AI-generated overview

    This exceptional 157,927-square-foot retail power center, situated on a 20.62-acre lot at 3201 Lawrence Rd, Wichita Falls, TX 76308, presents a compelling investment opportunity. Built in 2011, this single-story, fee-simple property boasts a diverse portfolio of national tenants including AT&T, PetSmart, Office Depot, Michaels, Qdoba, Ulta, HomeGoods, Five Below, Old Navy, GameStop, James Avery, American Eagle, Buckle, Crumbl, Cotton Patch, Firehouse Subs, and Bath & Body Works. The property enjoys 100% occupancy with a triple-net (NNN) lease structure, offering a 7.25% cap rate and significant upside potential. Located in a high-traffic area with over 25,100 cars passing daily, this center benefits from its proximity to Midwestern State University and a strong demographic profile, including a 10-mile population of 116,033 residents with an average household income of $82,091. The property is zoned C and is considered a top-performing shopping center within a 50-mile radius, attracting over 2.7 million visitors annually. Its strategic location is approximately 2.5 hours south of Oklahoma City and 2 hours northwest of Dallas/Fort Worth International Airport. Over 85% of the tenants have occupied the space since the center's opening. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant mix and exceptional long-term growth prospects.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2011
    Total area 26,516 SF
    Lot 14.68 ac (639,461 SF)
    Zoning code GC
    APN 0386 014 00
    UPID US82-7019261
    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
    • Complete Health Physician
    • Harmony Nail Spa Nail Salon
    • Spearmint Dental & Orthodontics - Wichita Falls Dental Office
    • CDReload - Online Bitcoin ATM Atm Crypto Atm
    • Firehouse Subs Quail Creek Crossing Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.05M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.33M
    Blend (final) Blend
    $1.19M
    Owner & transaction history
    Quail Creek Croosing Ltd · 20 yrs held
    Quail Creek Croosing Ltd
    since 2006
    1 recorded transaction
    2006
    Zoning & alternative use
    GC · Wichita Falls, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.9M +97.3%
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