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Property profile & analytics
OFF-MARKET
Commercial land
503 Wichita St Wichita Falls, TX 76306-7649
Entity Owned
Free & Clear
Property ID
US82-8119967
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.19 ac (8,481 SF)
Zoning code
RDD
APN
2360 007 00
UPID
US82-8119967
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
WICHITA FALLS CITY
WICHITA FALLS CITY
Zoning & alternative use
RDD · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ING DISTRICT REGULATIONS Pt 3765 GREATER DOWNTOWN ZONING DISTRICT DEVELOPMENT REGULATIONS Pt 3766 CENTRAL BUSINESS DISTRICT - CBD Pt 3775 GENERAL COMMERCIAL - DOWNTOWN - GCD Pt 3780 RIVER DEVELOPMENT DISTRICT - DOWNTOWN RDD-D Pt 3790 LIGHT INDUSTRIAL - DOWNTOWN - LI-D Pt 3800 GREATER DOWNTOWN ZONING DISTRICT MAP Pt 3850 GREATER DOWNTOWN LAND USE PLAN MAP Pt…
Zone name
River Development District
General category
OPEN_SPACE
Zone area
476.46 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
Assessed value
$1,272
Assessed 2024
Previous assessed
$1,272
+0.0% YoY
Assessed land
$1,272
Land market value
$1,272
Total market value
$1,272
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
0.19 ac (8,481 SF)
Zoning code
RDD
APN
2360 007 00
UPID
US82-8119967
Jurisdiction
WICHITA
Zoning & alternative use
RDD · Wichita Falls, TXZoning RDD · permitted uses
RDD · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ING DISTRICT REGULATIONS Pt 3765 GREATER DOWNTOWN ZONING DISTRICT DEVELOPMENT REGULATIONS Pt 3766 CENTRAL BUSINESS DISTRICT - CBD Pt 3775 GENERAL COMMERCIAL - DOWNTOWN - GCD Pt 3780 RIVER DEVELOPMENT DISTRICT - DOWNTOWN RDD-D Pt 3790 LIGHT INDUSTRIAL - DOWNTOWN - LI-D Pt 3800 GREATER DOWNTOWN ZONING DISTRICT MAP Pt 3850 GREATER DOWNTOWN LAND USE PLAN MAP Pt 3900 GREATER DOWNTOWN ZONING USE TABLE Pt 4000 SUPPLEMENTAL DEVELOPMENT REGULATIONS
Zone name
River Development District
General category
OPEN_SPACE
Zone area
476.46 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
WICHITA FALLS CITY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1431, WICHITA FALLS, TX 76307-1431
Mailing matches property
Yes
Owner-occupied
Yes
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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