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3430 Burkburnett Rd Wichita Falls, TX 76306

Outlet malls Google Maps
7,868 SF 0.67 ac lot Built 2000
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$365k
Range $329k – $402k (±10%)
Property ID US82-6985184

Property summary

AI-generated overview

This exceptional 7,511-square-foot retail space, located at 3430 Burkburnett Rd in Wichita Falls, Texas, 76306, presents a significant opportunity for a variety of businesses. Currently vacant, the entire building is available for lease. The property is classified as a single-tenant storefront, ideal for a business seeking high visibility and ample space. Its "Retail, Restaurant" zoning allows for diverse uses, catering to a wide range of potential tenants. The building's substantial size offers significant flexibility in layout and design, allowing for customization to meet specific business needs. The property's location on Burkburnett Rd ensures high traffic volume and excellent exposure to potential customers. This prime location in Wichita Falls offers easy access to major roadways and a thriving local community. The property is ready for immediate occupancy, providing a seamless transition for new businesses. Interested parties are encouraged to inquire for further details and leasing information. This is a rare opportunity to secure a substantial, well-located retail space in a growing Texas market. The property's size and location make it an attractive option for businesses seeking to establish a strong presence in Wichita Falls.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2000
Construction STEEL FRAME
Total area 7,868 SF
Lot 0.67 ac (29,229 SF)
Zoning code GC
APN 4630 014 07
UPID US82-6985184

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.37M
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$365k

Owner & transaction history

since 2012
1 recorded transaction
2012
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
Top alternative use upside
Warehouse, storage $1.0M +19.6%
Restaurant $960,000 +12.6%
Commercial (general) $900,000 +5.8%

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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