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5131 Greenbriar Rd Wichita Falls, TX 76302

Outlet malls Google Maps
184,896 SF 19.9 ac lot Built 2007
Entity Owned 18-yr Hold Free & Clear
Estimated value (blended)
$16.26M
Range $14.63M – $17.88M (±10%)
Property ID US82-6609720

Property summary

AI-generated overview

This exceptional 3.42-acre commercial land parcel presents a compelling investment opportunity in Wichita Falls, Texas. Located at 5131 Greenbriar Road, this property boasts a highly visible position within a busy commercial area, ensuring maximum exposure for any development. The site is zoned for mixed-use development, providing flexibility for a wide range of commercial projects, from retail establishments to restaurants or office spaces. Utilities are readily available, simplifying the development process and minimizing upfront costs. The property's strategic location in Wichita Falls, combined with its favorable zoning and high visibility, creates strong potential for a significant return on investment. The expansive lot size offers ample space for substantial construction, accommodating large-scale projects or allowing for multiple smaller developments. This is an ideal opportunity for investors seeking a prime location with excellent growth potential in a thriving Texas market. The address is 5131 Greenbriar Road, Wichita Falls, TX 76302, within Wichita County. The property's coordinates are 33.8660456 latitude and -98.4897345 longitude.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 184,896 SF
Lot 19.9 ac (866,892 SF)
Zoning code GC
APN 3995 101 00
UPID US82-6609720

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Bank Credit Union

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.12M
Blend (final) Blend
$16.26M

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

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
Top alternative use upside
Industrial (general) $23.9M +74.6%
Auto repair, garage $23.1M +69.3%
Restaurant $21.3M +55.6%

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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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