4014 Sheppard Access RdWichita Falls, TX 76306

Property Details for 4014 Sheppard Access Rd

Year built

1977

Construction

CONCRETE BLOCKS

Lot size

0.63 AC

Property size (Sq ft)

4,160 SF

Zone code

GC

Property type

Turn key restaurants

APN

3027 001 03

APU

302700103

Description

This exceptional 4,160-square-foot restaurant property in Wichita Falls, Texas, is available for $650,000. Located at 4014 Sheppard Access Rd, 76306, this single-unit building sits on a 27,530-square-foot lot and enjoys a prime location directly across from the main gate of Sheppard Air Force Base, home to the world's largest Euro-NATO Joint Jet Pilot Training Program. Built in 1977 and extensively renovated in 2021, the property boasts 100% occupancy and benefits from high traffic counts and a loyal customer base comprised of both local residents and military personnel. The building is zoned for commercial use and features a single story. The sale price of $650,000 equates to $156.25 per square foot. While the current restaurant business and equipment are not included in this sale, the owners are open to negotiating the sale of the business and equipment separately. This presents a unique opportunity for investors seeking a high-traffic location with significant potential. The property is offered with 100% ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $883,256

  6.5%

  $815,313

  7%

  $757,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $504,335

  Geo Method

  $520,552

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,575,670

  Mixed-Use / Specialty

  $818,173

  Hospitality / Lodging

  $607,775

  Office

  $819,319

  Institutional / Educational

  $852,631

  Residential Income

  $997,578

  Multifamily

  $1,164,470

  Automotive / Energy

  $730,827

  Parking / Income-Based Land

  $246,502

  Restaurant / Food Service

  $437,845

  Healthcare / Senior Housing

  $833,107

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.9632

Longitude

-98.5141

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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