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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3606 Grant St Wichita Falls, TX 76308-2112

    • Strip malls
    • 6,720 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7135951
    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.

    Current Use by Public Records

    • River's Edge Property Management / Property Management Company
    • Rachel Waller, Realtor with 940 Realty / Real Estate Agency
    • 940 Realty / Real Estate Agency
    • Which Wich Superior Sandwiches / Take-out & Catering
    • The Sandra Wortham Team at 940 Realty / Real Estate Agency

    Property Details for 3606 Grant St

    Year built
    2016
    Lot size
    0.52 lot acres
    Property size
    6,720 SF
    Zone code
    LC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1800 026 00
    APU
    180002600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.532
    Latitude
    33.8751
    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
    $28,685
    $131,400
    $985,600
    $1,117,000
    -
    $131,400
    $985,600
    $1,117,000

    Comparable in this City

    • Value Estimation
      $1,670,000
      64,008 SF

      3910 Call Fld Rd

      SHOPPING CENTER, STRIP CENTER • 64,008 SF
      3910 Call Fld Rd, Wichita Falls, TX 76308-2651
      View Details
    • Value Estimation
      $660,000
      16,500 SF

      3916 Kemp Blvd Ste O

      SHOPPING CENTER, STRIP CENTER • 16,500 SF
      3916 Kemp Blvd Ste O, Wichita Falls, TX 76308-2154
      View Details
    • Value Estimation
      $1,190,000
      26,516 SF

      3201 Lawrence Rd

      SHOPPING CENTER, STRIP CENTER • 26,516 SF
      3201 Lawrence Rd, Wichita Falls, TX 76308-1608
      View Details
    • Value Estimation
      $1,615,000
      72,912 SF

      3915 Kell Blvd

      SHOPPING CENTER, STRIP CENTER • 72,912 SF
      3915 Kell Blvd, Wichita Falls, TX 76308-1521
      View Details
    • Value Estimation
      $605,000
      13,034 SF

      3800 Kemp Blvd

      SHOPPING CENTER, STRIP CENTER • 13,034 SF
      3800 Kemp Blvd, Wichita Falls, TX 76308
      View Details
    • Value Estimation
      $1,025,000
      49,920 SF

      4319 Kemp Blvd

      SHOPPING CENTER, STRIP CENTER • 49,920 SF
      4319 Kemp Blvd, Wichita Falls, TX 76308-3717
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      84,547 SF

      Town Square Shopping Center Investment

      High-performing, 10-year NNN lease shopping center.
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      Commercial Land Near Shopping Centers

      Land near high-traffic shopping centers and major retailers.
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    • $799,900
      2.23 Acres

      Prime Lot in Wichita Falls

      2.23 acre lot in high-traffic Wichita Falls location.
      3908 Call Field Rd, Wichita Falls, TX 76308
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    • $199,000
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      Wichita Falls Commercial Land - $199K

      Prime Commercial Lot, High Traffic Area
      4526 Fairway Blvd, Wichita Falls, TX 76308
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    • $349,000
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      Wichita Falls Church and Daycare

      Church with additional daycare building and ample parking.
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      Move-In Ready Wichita Falls Office

      Commercial space ready for immediate office or business use.
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    Similar Nearby for Lease

    • $1,100 /Mo
      947 SF

      Retail Space on Fairway Boulevard

      Retail space for lease in a high-traffic Wichita Falls location.
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      13,000 SF

      Retail Space in Wichita Falls

      Second generation retail spaces available for lease in Wichita Falls.
      3709 Gregory St, Wichita Falls, TX 76308
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      24,018 SF

      Prominent Retail Space Available

      24,018 SF retail space near Sikes Senter Mall.
      3712 Call Field Rd, Wichita Falls, TX 76308
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    • $1,850 /Mo
      2,160 SF

      Remodeled Retail Space on Rhea

      Remodeled retail space with frontage on Rhea Road available October 1st.
      4020 Rhea Rd, Wichita Falls, TX 76308
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    • Contact for pricing
      143,880 SF

      Retail Center on Kemp Boulevard

      Retail center with fully furnished restaurant space available for lease.
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    • Contact for pricing
      668,848 SF

      Sikes Senter: Prime Retail Space

      Wichita Falls retail center; multiple spaces available.
      3111 Midwestern Pkwy, Wichita Falls, TX 76308
      View Details
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    3606 Grant St
    Wichita Falls, TX 76308-2112
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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