Multi-Office Commercial
4501 NORTHWEST FREEWAY Wichita Falls, TX 76306
4501 NORTHWEST FREEWAY, Wichita Falls, TX, 76306
$450,000
For Sale
$450,000
COMMERCIAL - Wichita Falls, TX
Property Size2,915 SF
Lot Size1.00 Acre
Price / SF$154.37
Days on Market188
Property Features for 4501 NORTHWEST FREEWAY
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- Size
- 2,915 SF
- Lot size
- 1.00 Acre
Building Details
- Flooring type
- Concrete, Carpet, Tile
- Roof type
- Composition
Listing Agency
HIRSCHI REALTORS
(940) 692-8120
3631 MAPLEWOOD SUITE 1, WICHITA FALLS, TX
Listed by
MARINA VANCE · License #0821217
(940) 232-4466
Added: Jan 12 Checked: Jul 19 at 4:06 pm
MLS# 181761
Copyright © 2026 Wichita Falls Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile commercial office building is designed for a functional, professional layout. The space includes up to five private offices, a spacious conference room, a kitchen/break area, and a utility room, giving users multiple work zones within a single footprint.
The property is situated on roughly one acre and offers ample parking. Public remarks also note convenient access and strong traffic exposure, supporting everyday client and customer access.
With its flexible interior configuration, the building can accommodate a range of office and service-oriented uses as an owner-occupant or as a potential investment.
The property is situated on roughly one acre and offers ample parking. Public remarks also note convenient access and strong traffic exposure, supporting everyday client and customer access.
With its flexible interior configuration, the building can accommodate a range of office and service-oriented uses as an owner-occupant or as a potential investment.
Key Highlights
- Approximately 2,915 SF commercial office building with a flexible interior layout for owner‑occupant or investment use
- Up to five private offices plus a spacious conference room
- Includes kitchen/break area and utility room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $21.00 |
| − Vacancy | −$13.5k | −$4.62 |
| EGI | $47.7k | $16.38 |
| − OpEx | −$11.9k | −$4.10 |
| NOI | $35.8k | $12.29 |
2,915 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$511.6K
$447.6K – $596.9K
NOI $35,811 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.48M
$3.04M – $4.06M
NOI $243,521 @ 7.0% cap · market cap 54.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building with up to five private offices, conference room, kitchen/break area, and utility room on about one acre.
Where is this office building located?
The property is located at 4501 NORTHWEST FREEWAY Wichita Falls, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,915 SF commercial office building with a flexible interior layout for owner‑occupant or investment use; Up to five private offices plus a spacious conference room; Includes kitchen/break area and utility room
