Updated Corner-Lot Office
For Sale
$224,000
2511 BROOK AVENUE, Wichita Falls, TX 76301
COMMERCIAL, Wichita Falls, TX
Property Size1,530 SF
Price / SF$146.41
Days on Market75
Property Features for 2511 BROOK AVENUE
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Subdivision
10E WFalls Southeast
Standard status
Active
Size
1,530 SF
Amenities
signage
mature trees
sidewalks
large lobby
conference room
Building Details
Flooring type
Tile, Carpet
Roof type
Composition
Listing Agency:
DOMAIN REAL ESTATE SERVICES INC
(940) 767-5060
Listed By:
LaDONNA SMITH
(940) 782-8072
Added: Jun 19
Changed: Aug 25
Last Checked: Sep 1 at 8:06PM
MLS# 183833
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 1,530-square-foot office building is arranged for professional use, with a spacious lobby, two offices, an oversized bathroom, and a conference room. Tile and carpet flooring are installed throughout, and the property has received multiple updates. Office furnishings are negotiable. The building also features a Class 4 composition roof and a sprinkler system.
Positioned on a corner lot in Wichita Falls, the property includes paved parking, signage, sidewalks, mature trees, and access designed for incoming traffic. Its combination of private work areas, shared meeting space, and visible frontage supports a range of office operations.
Positioned on a corner lot in Wichita Falls, the property includes paved parking, signage, sidewalks, mature trees, and access designed for incoming traffic. Its combination of private work areas, shared meeting space, and visible frontage supports a range of office operations.
Key Highlights
- 1,530 SF office building in Wichita Falls
- Corner‑lot setting with paved parking and signage
- Large lobby, 2 offices, oversized bathroom, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,796
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,920
$375.9K
Cap Rate 7%
$268,514
$268.5K
Cap Rate 9%
$208,844
$208.8K
Market Conditions
NOI Build-Up for 1,530 SF
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.
Gross rent
$32.1K $21.00/SF
− Vacancy
−$7.1K −$4.62/SF
EGI
$25.1K $16.38/SF
− OpEx
−$6.3K −$4.10/SF
NOI
$18.8K $12.29/SF
Area
Wichita Falls, TX
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,920
Cap Rate 7%
$268,514
Cap Rate 9%
$208,844
Alternative Uses
Best Use
Office B
$268.5K
$235.0K – $313.3K
NOI $18,796 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,817 @ 7.0% cap · market cap 57.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 76301, TX
15,320
Population
7,762
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
80%
High-School Grad
11.4 sq mi
ZIP Area
1,344
Density / Sq Mi
$41,828
Median Household Income
$29,532
Median Earnings
$790
Median Rent
$71,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with a welcoming reception area, conference room, private offices, and paved on-site parking.
Where is this office building located?
The property is located at 2511 BROOK AVENUE Wichita Falls, TX.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: 1,530 SF office building in Wichita Falls; Corner‑lot setting with paved parking and signage; Large lobby, 2 offices, oversized bathroom, and conference room
