Property profile

400 5th St Ste Wichita Falls, TX 76301

OFF-MARKET
Warehouses
Property ID
US82-6762976
2,400 SF 0.19 ac lot Built 1977
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial opportunity presents a 2,400-square-foot warehouse situated on a 0.186-acre lot at 400 5th Street East in Wichita Falls, Texas. The single-story, 1955-built structure is zoned for Light Industrial use within Wichita County. The entire 2,400 square feet is currently vacant and ready for immediate occupancy. This property offers a fantastic chance for businesses seeking efficient storage or warehouse space in a convenient location. The property's address is conveniently located near Lee Street. While this listing focuses on the 400 5th Street property, additional adjacent properties are available for potential expansion or synergistic use. These include a significant land parcel at 413 & 501 Michigan Avenue, encompassing 37,500 square feet of land with existing warehouse and office space totaling 15,020 square feet (built in 1962 and 1999, respectively, with the latter featuring a recent roof). Furthermore, a substantial 22,500-square-foot fenced lot is available at 500 Lee Street. Interested parties are encouraged to inquire about these additional properties for potential combined use. This presents a unique opportunity to acquire a prime warehouse space with significant expansion potential in a thriving Wichita Falls location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Construction STEEL FRAME
Total area 2,400 SF
Lot 0.19 ac (8,102 SF)
Zoning code GC
APN 0020 152 00
UPID US82-6762976

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 5th St Ste Wichita Falls, TX 76301-1005
Wichita Falls metro Census 10400 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

Zoning & alternative use

GC · Wichita Falls, TX
Zoning description

MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 400 5th St Ste?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message