Back to Search
Property profile & analytics
OFF-MARKET
Parking lots & garages
407 Lamar St Wichita Falls, TX 76306
Individually Owned
Absentee Owner
Free & Clear
Property ID
US82-8174060
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1950
Lot
0.17 ac (7,501 SF)
Zoning code
SF2
APN
0010 547 00
UPID
US82-8174060
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
ARTHUR GAONA
ARTHUR GAONA
Zoning & alternative use
SF2 · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d and conditional uses. § 3010 Zoning districts established. The city is hereby divided into the following zoning districts: Section No. Map Code Zoning District Name 3040 SF-1 Single-family residential (large lot) 3100 SF-2 Single-family residential (standard lot) 3170 MFR Multifamily residential 3250 RMU Residential mixed use district 3320 MHR Manufactured…
Zone name
Single Family Residential Standard Lot
General category
RESIDENTIAL
Zone area
11,627.08 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
$46
Tax year 2023
Assessed value
$1,500
Assessed 2024
Previous assessed
$1,949
-23.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$1,500
Land market value
$1,500
Total market value
$1,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1950
Heating
NONE
Lot
0.17 ac (7,501 SF)
Zoning code
SF2
APN
0010 547 00
UPID
US82-8174060
Jurisdiction
WICHITA
Zoning & alternative use
SF2 · Wichita Falls, TXZoning SF2 · permitted uses
SF2 · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
d and conditional uses. § 3010 Zoning districts established. The city is hereby divided into the following zoning districts: Section No. Map Code Zoning District Name 3040 SF-1 Single-family residential (large lot) 3100 SF-2 Single-family residential (standard lot) 3170 MFR Multifamily residential 3250 RMU Residential mixed use district 3320 MHR Manufactured housing residential 3360 LO Limited office district 3370 LC Limited commercial dist
Zone name
Single Family Residential Standard Lot
General category
RESIDENTIAL
Zone area
11,627.08 ac
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
ARTHUR GAONA
Individual
Free & Clear · 0 yrs held
Mailing address
2410 SEYMOUR HWY, WICHITA FALLS, TX 76301-1919
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.
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 407 Lamar St?
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.
