Property profile

6474 Burkburnett Rd Wichita Falls, TX 76305

OFF-MARKET
Land
Property ID
US82-7460206
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre property in Wichita Falls, Texas, presents a unique investment opportunity. Located at 6474 Burkburnett Rd, 76305, this agriculturally zoned land boasts highway frontage on Hwy 44, offering excellent visibility and accessibility. The land itself is a blend of pasture with scattered trees and cultivated areas, suitable for various uses. Existing infrastructure includes readily available electricity along the western boundary. The terrain is level to gently sloping, ideal for development or continued agricultural use. Currently generating income from solar and farm leases, this property offers immediate return on investment. Future development potential is significant, with the possibility of subdividing into single-family lots (minimum 10,000 sq ft) or negotiating new lease agreements. The property is situated across from a master-planned community of single-family homes, further enhancing its value and appeal. Additional lots are planned for development along Hwy 44. Wichita Falls, a city with a population exceeding 100,000, has a robust economy anchored by aerospace and aviation industries, providing a stable market for future growth. This 1031 exchange eligible property is a rare find, combining immediate income with substantial long-term potential. The property is conveniently located in Wichita County, Texas.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)
UPID US82-7460206

Cap rate & NOI

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

Location

6474 Burkburnett Rd Wichita Falls, TX 76305
Wichita Falls metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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