307 3rdBurkburnett, TX 76354

  • Office buildings
  • 4,900 SF
Off market
$1,725,230 Estimated

Property Details for 307 3rd

Year built
1955
Construction
WOOD
Lot size
0.17 AC
Property size (Sq ft)
4,900 SF
Zone code
C/B
Property type
Office buildings
APN
5A01 180 00
APU
5A0118000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $990,099
    6.5%
    $913,937
    7%
    $848,656
  • Comparable approach

    Method
    Valuation
    Relative Method
    $589,568
    Geo Method
    $589,568
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,788,580
    Retail / Commercial
    $919,281
    Mixed-Use / Specialty
    $917,662
    Hospitality / Lodging
    $675,418
    Institutional / Educational
    $954,591
    Residential Income
    $1,116,870
    Multifamily
    $1,330,320
    Automotive / Energy
    $818,221
    Parking / Income-Based Land
    $280,720
    Restaurant / Food Service
    $480,822
    Healthcare / Senior Housing
    $939,344

Location Insight

City
Burkburnett
County
Wichita
State
Texas
Latitude
34.0979
Longitude
-98.5717
CBSA code
48660
CBSA name
WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,490
$11,252
$120,212
$131,464
-
$11,252
$120,212
$131,464

FAQs

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