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    FOR SALE
    Outlet malls

    5131 Greenbriar Rd, Wichita Falls, TX 76302

    184,896 SF 19.9 ac lot Built 2007
    Entity Owned 18-yr Hold Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Walmart Pharmacy Pharmacy
    • Walmart Photo Center (Bike/Boat/Book/etc) Store
    • Walmart Business Center (Bike/Boat/Book/etc) Store
    • Primo Water Refill & Exchange Big Box & Wholesale Store
    • Walmart Money Center 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
    Wal-mart Stores Texas LLC · 18 yrs held
    Wal-mart Stores Texas LLC
    since 2007
    1 recorded transaction
    2007
    Zoning & alternative use
    GC · Wichita Falls, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $23.9M +74.6%
    Auto repair, garage $23.1M +69.3%
    Restaurant $21.3M +55.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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