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Property profile & analytics
OFF-MARKET Estimated value $2,470,000
Warehouses

9 Commerce Dr Burkburnett, TX 76354-3800

16,600 SF 3.19 ac lot Built 2005
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US82-7358594
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2005
Total area 16,600 SF
Lot 3.19 ac (138,826 SF)
Zoning code I
APN 5M20 009 00
UPID US82-7358594
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
  • Penske Truck Rental Car Rental Facility
  • Red River Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.40M
Comparable Approach Comparable
$2.55M
Blend (final) Blend
$2.47M
Owner & transaction history
Red River Acquisitions LLC · 17 yrs held
Red River Acquisitions LLC
since 2009
2 recorded transactions
2021
Price N/A
2009
Price N/A
Zoning & alternative use
I · Burkburnett, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

SECTION 21 I -- INDUSTRIAL DISTRICT 21.1 GENERAL PURPOSE AND DESCRIPTION: The I, Industrial, district is intended primarily for the conduct of light manufacturing, assembling and fabrication activities, and for warehousing, research and development, wholesaling and service operations that do not typically depend upon frequent customer or client visits. Such…

Zone name Industrial
General category INDUSTRIAL
Zone area 283.04 ac
Source Zoning Ordinance Text PDF
Top alternative use upside
Commercial (general) $2.9M +56.3%
Office building $2.3M +27.0%
Industrial (general) $2.2M +18.8%
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