707 Scott AveWichita Falls, TX 76306

Property Details for 707 Scott Ave

Year built

1929

Lot size

7.15 AC

Property size (Sq ft)

82,962 SF

Property type

Warehouses

APN

0010 415 00

APU

1041500

Description

This exceptional 4,224-square-foot executive office suite in Wichita Falls, Texas, presents a fantastic opportunity for businesses seeking a sophisticated and functional workspace. Built in 2010, this Class C single-tenant office building is located at 707 N Scott Ave, 76306, and boasts a range of desirable features. The space includes a dedicated reception area, three private offices perfect for individual work or team collaboration, and a spacious meeting room ideal for client presentations or staff gatherings. Additional amenities include a convenient breakroom, a utility room with washer and dryer connections, and separate men's and women's restrooms. Ample parking is available, enhanced by an exterior ramp entrance for accessibility. The property lacks elevators. For businesses requiring additional storage, warehouse space is available at an extra cost. This well-maintained office building offers a professional and efficient environment, ready to accommodate a variety of business needs. Its prime location in Wichita Falls ensures easy access to local amenities and transportation networks. This is an excellent opportunity to establish or expand your business in a comfortable and productive setting.

• CAP approach

  CAP return

  Valuation

  6%

  $34,041,800

  6.5%

  $31,423,200

  7%

  $29,178,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,473,300

  Geo Method

  $15,971,200

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,259,700

  Mixed-Use / Specialty

  $16,316,800

  Hospitality / Lodging

  $12,120,900

  Office

  $16,339,700

  Institutional / Educational

  $17,004,000

  Residential Income

  $19,894,700

  Multifamily

  $23,222,700

  Automotive / Energy

  $14,574,900

  Parking / Income-Based Land

  $4,915,910

  Restaurant / Food Service

  $8,732,080

  Healthcare / Senior Housing

  $16,614,500

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.9232

Longitude

-98.5004

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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