3201 Lawrence RdWichita Falls, TX 76308

Property Details for 3201 Lawrence Rd

Year built

2011

Lot size

14.68 AC

Property size (Sq ft)

26,516 SF

Zone code

GC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0386 014 00

APU

38601400

Description

This exceptional 157,927-square-foot retail power center, situated on a 20.62-acre lot at 3201 Lawrence Rd, Wichita Falls, TX 76308, presents a compelling investment opportunity. Built in 2011, this single-story, fee-simple property boasts a diverse portfolio of national tenants including AT&T, PetSmart, Office Depot, Michaels, Qdoba, Ulta, HomeGoods, Five Below, Old Navy, GameStop, James Avery, American Eagle, Buckle, Crumbl, Cotton Patch, Firehouse Subs, and Bath & Body Works. The property enjoys 100% occupancy with a triple-net (NNN) lease structure, offering a 7.25% cap rate and significant upside potential. Located in a high-traffic area with over 25,100 cars passing daily, this center benefits from its proximity to Midwestern State University and a strong demographic profile, including a 10-mile population of 116,033 residents with an average household income of $82,091. The property is zoned C and is considered a top-performing shopping center within a 50-mile radius, attracting over 2.7 million visitors annually. Its strategic location is approximately 2.5 hours south of Oklahoma City and 2 hours northwest of Dallas/Fort Worth International Airport. Over 85% of the tenants have occupied the space since the center's opening. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant mix and exceptional long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $5,630,000

  6.5%

  $5,196,930

  7%

  $4,825,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,214,400

  Geo Method

  $3,318,020

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,043,300

  Mixed-Use / Specialty

  $5,215,260

  Hospitality / Lodging

  $3,874,260

  Office

  $5,222,670

  Institutional / Educational

  $5,434,940

  Residential Income

  $6,358,880

  Multifamily

  $7,422,150

  Automotive / Energy

  $4,658,520

  Parking / Income-Based Land

  $1,571,180

  Restaurant / Food Service

  $2,791,160

  Healthcare / Senior Housing

  $5,310,350

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.8757

Longitude

-98.5382

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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