New search
Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Strip malls
3801 Call Fld Rd, Wichita Falls, TX 76308-2681
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US82-7269423
Property summary
AI-generated overview
This 43,736 square foot shopping center in Wichita Falls, Texas, presents a compelling value-add opportunity. Located on Call Field Road, a major retail corridor, the property boasts eight tenants, currently operating at 69% occupancy, generating a NOI of $438,671 and a 6.62% cap rate. A pro-forma NOI of $696,493 and a 10% pro-forma cap rate highlight significant upside potential through leasing the remaining vacancies. Recent improvements include a new roof (November 2022) and brand new 10-year leases with Pet Supplies Plus and Japan House. All leases are triple-net, simplifying management. The property features superior visibility, ample parking, and benefits from proximity to major national retailers such as Walmart, Kohl's, Home Depot, and more. Built in 1970, this single-story building sits on a 5.06-acre lot. The asking price is $6,635,000, translating to a price per square foot of $151.71. This is an exceptional chance to acquire a well-located retail asset with strong potential for increased profitability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Total area
44,664 SF
Lot
5.06 ac (220,226 SF)
APN
0990 016 00
UPID
US82-7269423
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
-
Texas Medical Allergy Chiropractic Alternative Medicine Practice
-
Chiropractor in Wichita Falls Alternative Medicine Practice
-
Fantastic Sams Cut & Color Hair Salon
-
Diamond Nail & Spa Nail Salon
-
Palm Beach Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$920k
Owner & transaction history
Faith Village Partners LLC
Faith Village Partners LLC
since 2025
1 recorded transaction
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$21 / SF
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
$58,671
Tax year 2023
Assessed value
$2,386,000
Assessed 2024
Previous assessed
$2,481,000
-3.8% YoY
Effective rate
2.46%
On assessed value
Assessed land
$880,912
Assessed improvement
$1,505,088
Land market value
$880,912
Improvement market value
$1,505,088
Total market value
$2,386,000
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
1970
Heating
NONE
Buildings
2
Total area
44,664 SF
Lot
5.06 ac (220,226 SF)
APN
0990 016 00
UPID
US82-7269423
Jurisdiction
WICHITA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Buildings
2
Lot
5.06 ac
Current owner
From public records · entity-resolved
Faith Village Partners LLC
Entity
Mailing address
1845 WOODALL RODGERS FWY STE #1100, DALLAS, TX 75201-2239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 8, 2025
—
Faith Village Partners LLC
Triton Retail Ltd
Special Warranty Deed
$250,000 · Mabrey Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3801 Call Fld Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
