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Property profile & analytics
OFF-MARKET
Office Spaces
3517 Old Iowa Park Rd Wichita Falls, TX 76306-3722
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6709976
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1943
Construction
STEEL FRAME
Total area
4,000 SF
Lot
7.3 ac (317,988 SF)
Zoning code
HI
APN
4260 006 00
UPID
US82-6709976
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dan & Keri Bachman INC · 18 yrs held
Dan & Keri Bachman INC
since 2008
1 recorded transaction
Zoning & alternative use
HI · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ive and more restrictive zoning districts shall refer to the zoning districts established in section 3010 , and shall represent a progression from SF-1 Single-Family Residential (large lot) being the most restrictive to HI Heavy Industrial as the least restrictive. The special-purpose zoning districts shall not be included in the hierarchy. § 3035 Permitted…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,887.78 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,096
Tax year 2023
Assessed value
$71,094
Assessed 2024
Previous assessed
$65,885
+7.9% YoY
Effective rate
2.95%
On assessed value
Assessed land
$58,312
Assessed improvement
$12,782
Land market value
$58,312
Improvement market value
$12,782
Total market value
$71,094
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1943
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
4,000 SF
Lot
7.3 ac (317,988 SF)
Zoning code
HI
APN
4260 006 00
UPID
US82-6709976
Jurisdiction
WICHITA
Zoning & alternative use
HI · Wichita Falls, TXZoning HI · permitted uses
HI · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ive and more restrictive zoning districts shall refer to the zoning districts established in section 3010 , and shall represent a progression from SF-1 Single-Family Residential (large lot) being the most restrictive to HI Heavy Industrial as the least restrictive. The special-purpose zoning districts shall not be included in the hierarchy. § 3035 Permitted and conditional uses. Uses allowed in each zoning district shall be in accordance
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,887.78 ac
Building & site characteristics
From public records
Year built
1943
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
7.3 ac
Current owner
From public records · entity-resolved
Dan & Keri Bachman INC
Entity
Mailing address
716 W ALDINE CT, IOWA PARK, TX 76367-1536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2008
—
Dan & Keri Bachman INC
Ajon Chemical Can INC
Venders Lien
$360,000 · Dba Electra Construction Company
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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