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Property profile & analytics
OFF-MARKET
Commercial land
3711 Nashua Dr Wichita Falls, TX 76306-2307
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-8015285
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
40.47 ac (1,762,873 SF)
Zoning code
MFR
APN
4780 002 00
UPID
US82-8015285
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
FREESE JOHN & ASSOCIATES INC. TR
FREESE JOHN & ASSOCIATES INC. TR
Zoning & alternative use
MFR · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
MFR-MULTIFAMILY RESIDENTIAL DISTRICT § 3180 Purpose. § 3190 Permitted uses. § 3200 Conditional uses. § 3210 Development regulations. § 3180 Purpose. The purpose of the MFR Multifamily Residential District is to accommodate multifamily residential units which provide basic services and facilities to residents, including parking and useful recreation areas. Th…
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
954.00 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
$3,410
Tax year 2023
Assessed value
$229,727
Assessed 2024
Previous assessed
$144,184
+59.3% YoY
Effective rate
1.48%
On assessed value
Assessed land
$229,727
Land market value
$229,727
Total market value
$229,727
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
40.47 ac (1,762,873 SF)
Zoning code
MFR
APN
4780 002 00
UPID
US82-8015285
Jurisdiction
WICHITA
Zoning & alternative use
MFR · Wichita Falls, TXZoning MFR · permitted uses
MFR · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
MFR-MULTIFAMILY RESIDENTIAL DISTRICT § 3180 Purpose. § 3190 Permitted uses. § 3200 Conditional uses. § 3210 Development regulations. § 3180 Purpose. The purpose of the MFR Multifamily Residential District is to accommodate multifamily residential units which provide basic services and facilities to residents, including parking and useful recreation areas. These districts would be located near major streets and commercial facilities and other selected areas where multifamily uses may be desirable. ( Ordinance 30-2022 adopted 8/16/2022 )
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
954.00 ac
Building & site characteristics
From public records
Heating
NONE
Lot
40.47 ac
Current owner
From public records · entity-resolved
FREESE JOHN & ASSOCIATES INC. TR
Entity
Free & Clear · 0 yrs held
Mailing address
6516 TURNER WAY, DALLAS, TX 75230-1934
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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