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Property profile & analytics
OFF-MARKET
Parking lots & garages
505 8th St Wichita Falls, TX 76301
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-8418965
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.1 ac (4,500 SF)
Zoning code
CBD
APN
0020 725 00
UPID
US82-8418965
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 County Heritage Society · 18 yrs held
Wichita County Heritage Society
since 2007
1 recorded transaction
Zoning & alternative use
CBD · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
BA-BROOK AVENUE DISTRICT Pt 3730 CC-COMMERCIAL CORRIDOR DISTRICT Pt 3750 GREATER DOWNTOWN ZONING 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-…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
227.08 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
$465
Tax year 2023
Assessed value
$20,063
Assessed 2024
Previous assessed
$19,683
+1.9% YoY
Effective rate
2.32%
On assessed value
Assessed land
$17,099
Assessed improvement
$2,964
Land market value
$17,099
Improvement market value
$2,964
Total market value
$20,063
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
Heating
NONE
Lot
0.1 ac (4,500 SF)
Zoning code
CBD
APN
0020 725 00
UPID
US82-8418965
Jurisdiction
WICHITA
Zoning & alternative use
CBD · Wichita Falls, TXZoning CBD · permitted uses
CBD · Wichita Falls, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
BA-BROOK AVENUE DISTRICT Pt 3730 CC-COMMERCIAL CORRIDOR DISTRICT Pt 3750 GREATER DOWNTOWN ZONING 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 P
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
227.08 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Wichita County Heritage Society
Entity
Free & Clear · 18 yrs held
Mailing address
1 HICKORY DOWNS, WICHITA FALLS, TX 76308-2214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Dec 6, 2007
—
Wichita County Heritage Society
Wichita Falls Fire & Police Museum
Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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