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Property profile & analytics
OFF-MARKET
Strip malls
3606 Grant St, Wichita Falls, TX 76308-2112
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-7135951
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Total area
6,720 SF
Lot
0.52 ac (22,499 SF)
Zoning code
LC
APN
1800 026 00
UPID
US82-7135951
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
-
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
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The Sandra Wortham Team at 940 Realty Real Estate Agency
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
Wichita Rentals INC · 3 yrs held
Wichita Rentals INC
since 2022
3 recorded transactions
Zoning & alternative use
LC · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$28,685
Tax year 2023
Assessed value
$1,117,000
Assessed 2024
Previous assessed
$1,213,000
-7.9% YoY
Effective rate
2.57%
On assessed value
Assessed land
$131,400
Assessed improvement
$985,600
Land market value
$131,400
Improvement market value
$985,600
Total market value
$1,117,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Heating
YES
Cooling
YES
Bathrooms
2
Total area
6,720 SF
Lot
0.52 ac (22,499 SF)
Zoning code
LC
APN
1800 026 00
UPID
US82-7135951
Jurisdiction
WICHITA
Zoning & alternative use
LC · Wichita Falls, TX
Zoning LC · permitted uses
LC · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wichita Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Heating
YES
Cooling
Yes
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Wichita Rentals INC
Entity
Free & Clear · 3 yrs held
Mailing address
3606 GRANT STD, WICHITA FALLS, TX 76308-2112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
Wichita Rentals INC
Vectra Venture 2 LLC
Correction Deed
related
—
May 18, 2020
—
Wikchita Rentals LLC
Vectra Ventures 2 LLC
Venders Lien
$1,256,300 · Union Square FCU
Feb 8, 2018
—
Veetra Venture 2 LLC
Mike Shallaberger
Quit Claim Deed
related
—
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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