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    Property profile & analytics

    511 Bailey St Electra, TX 76360-2828

    • Assisted living facilities
    • 14,922 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 03, 2024
    Location Intelligence
    Property ID
    US82-7295556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Electra Healthcare Center / Nursing Home

    Property Details for 511 Bailey St

    Year built
    1961
    Construction
    WOOD
    Lot size
    1.85 lot acres
    Property size
    14,922 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    7Q20 356 00
    APU
    7Q2035600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Electra
    County
    Wichita
    State
    Texas
    Longitude
    -98.9257
    Latitude
    34.0277
    CBSA code
    48660
    CBSA name
    WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,630
    $8,073
    $741,927
    $750,000
    -
    $8,073
    $741,927
    $750,000

    Comparable in this City

    • Value Estimation by Request
      58,492 SF

      1215 Bailey St

      MEDICAL BUILDING • 58,492 SF
      1215 Bailey St, Electra, TX 76360
      View Details
    • Value Estimation by Request
      0.48 Acres

      107 Washington Ave

      COMMERCIAL (GENERAL) • 0.48 Acres
      107 Washington Ave, Electra, TX 76360-1616
      View Details
    • Value Estimation by Request
      0.16 Acres

      323 Frnt Ave

      VACANT COMMERCIAL LAND • 0.16 Acres
      323 Frnt Ave, Electra, TX 76360-3030
      View Details
    • Value Estimation by Request
      0.34 Acres

      Ee Frnt Frnt

      VACANT COMMERCIAL LAND • 0.34 Acres
      Ee Frnt Frnt, Electra, TX 76360
      View Details
    • Value Estimation by Request
      0.26 Acres

      Frnt St St

      VACANT COMMERCIAL LAND • 0.26 Acres
      Frnt St St, Electra, TX 76360
      View Details
    • Value Estimation by Request
      12.14 Acres

      Access Rd

      VACANT COMMERCIAL LAND • 12.14 Acres
      Access Rd, Electra, TX 76360
      View Details

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      376.75 acre ranch featuring hunting, cattle operations, and fishing ponds.
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      Electra Ranch with Tillable Farmland

      303.07-acre ranch featuring tillable farmland and native pasture.
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      Electra Ranch with Hunting Potential

      376.75 acre ranch ideal for hunting and cattle operations.
      Tbd State Hwy 25 S, Electra, TX 76360
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    511 Bailey St
    Electra, TX 76360-2828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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