Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2805 Southwest Parkway Wichita Falls, TX 76308

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail center with fully furnished restaurant space available for lease.

    Type:Retail
    Property size:
    143,880 SF
    Added:
    Jan 27, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 6 at 12:59 am

    Property Features for 2805 Southwest Parkway

    General Information

    Standard status
    Active
    Size
    143,880 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2805 Southwest Parkway Contact us

    We can help!

    Listing Contact
    Ev Ernst

    Listing agent Ev Ernst

    Listing office

    Listing date Jan 27, 2026

    Source Tcnworldwide

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Ev Ernst

    Overview

    Retail Center on Kemp Boulevard

    Located on the major retail corridor of Kemp Boulevard, this center provides accessibility to all parts of Wichita Falls. Anchored by Mardel, Hobby Lobby, Aaron's, and TitleMax, the retail center offers a variety of spaces including a fully furnished restaurant space. Suite 2801 features a complete buildout. The former restaurant in this space historically achieved exceptional sales with a healthy ratio of 4%. Additionally, a pad site is available for build-to-suit or ground lease options at a negotiable rate. This site can accommodate a building of 5,000 square feet or more and is ideally located on the hard corner of the property, offering easy access and visibility. The property's total size is 143,880 square feet.
    Location Intelligence

    Current Use by Public Records

    Union Square Credit ... Atm Hobby Lobby (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk - Bitcoin ATM — 2720 Southwest Pkwy Albertsons, Wichita Falls, TX 76308
    • Crossroads Center — 2708 Southwest Pkwy, Wichita Falls, TX 76308
    • Danny Foix Enterprises — 2620 Southwest Pkwy #4610, Wichita Falls, TX 76308
    • Coin Cloud Bitcoin ATM — 2731 Southwest Pkwy, Wichita Falls, TX 76308
    • Coin Cloud Bitcoin ATM — 2200 southwest pkwy, wichita falls, tx 76308

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5361
    Latitude
    33.8577

    Nearby Similar for Lease

    • $5,842/Mo

      Wichita Falls Office Suite

      4,674 SF office suite available for immediate occupancy.
      5800 W KELL BOULEVARD, Wichita Falls, TX 76310
      View Details
    • $1,250/Mo

      Remodeled Retail Space on Rhea

      Remodeled retail space with frontage on Rhea Road in Wichita Falls.
      4020 RHEA ROAD, Wichita Falls, TX 76308
      View Details
    • $3,750/Mo

      Spacious Medical Office in District

      Large office space in the heart of the Medical District.
      804 BROOK AVENUE, Wichita Falls, TX 76301
      View Details
    • $1,500/Mo

      Versatile Commercial Space Available

      Commercial property in high-traffic area suitable for various business needs.
      1702 HAYES STREET, Wichita Falls, TX 76309
      View Details
    • $1,500/Mo

      Versatile Commercial Space in Wichita

      Commercial property in high-traffic area suitable for retail or office.
      1702 HAYES STREET, Wichita Falls, TX 76309
      View Details
    • $800/Mo

      Fully Equipped Office Space

      Move-in ready office space with furniture included and bills paid.
      1501 5TH STREET, Wichita Falls, TX 76301
      View Details
    • $3,500/Mo

      Professional Office Building For Lease

      Well-maintained office building suitable for various professional uses.
      1712 KEMP BOULEVARD, Wichita Falls, TX 76309
      View Details
    • $3,500/Mo

      Wichita Falls Warehouse For Rent

      Secure warehouse with office and living space near Wichita Falls.
      284 And 288 W Jentsch Road, Wichita Falls, TX 76310
      View Details
    • $1,000/Mo

      Office Suite in Wichita Falls

      Office suite with private entrance, natural light, and utilities included.
      2629 PLAZA PARKWAY, Wichita Falls, TX 76308
      View Details
    • $1,842/Mo

      Wichita Falls Office Suite

      Office suite available for lease in Wichita Falls, Texas.
      4722 Taft Boulevard, Wichita Falls, TX 76308
      View Details
    • $1,500/Mo

      Former Neon Spur Venue

      Versatile space ideal for restaurant, bar, or entertainment venue.
      200 N Burnett Street, Wichita Falls, TX 76306
      View Details
    • $1,650/Mo

      Wichita Falls Commercial Space For Rent

      Commercial space built in 2023, suitable for various businesses.
      1433 30th, Wichita Falls, TX 76302
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center with fully furnished restaurant space available for lease.
    Where is this shopping center located?
    The property is located at 2805 Southwest Parkway Wichita Falls, TX.
    What are key features of this property?
    This property features: Located on Kemp Boulevard, a major retail corridor, providing easy access throughout Wichita Falls.; Anchored by major retailers including Mardel, Hobby Lobby, Aaron's, and TitleMax.; Suite 2801 is a fully furnished restaurant space with existing buildout.
    (405) 239-1250
    We can help!
    Listing Contact
    Ev Ernst
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!