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    Religious and Community Facility Property Title is generated by Realmo AI

    2900 5TH STREET, Wichita Falls, TX 76301

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    For Sale
    $599,999

    COMMERCIAL - Wichita Falls, TX

    Property size:
    9,564 SF
    Lot size:
    4.47 Acres
    Price / SF:
    $62/SF
    Added:
    Jul 28, 2025
    Days on Market:
    312
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 2900 5TH STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    9,564 SF
    Lot size
    4.47 Acres

    Building Details

    Flooring type
    Tile, Carpet
    Roof type
    Composition, Tar/Gravel

    We can help!

    Listing Contact
    KIM ROARK
    KIM ROARK

    Listing agent KIM ROARK License #0530418

    Listing office EMBER REALTY 111 N AVE D, Longview, TX

    Listing date Jul 28, 2025

    MLS# 179723

    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.

    HighLights

    • Commercial building built in 1980 with nearly 10,000 sq ft of space
    • Sits on 4.47 acres of land with a large parking lot area
    • Parking lot available on‑site
    • Flooring includes tile and carpet
    • Roof types include tar/gravel and composition

    Overview

    This built-in-1980 property offers nearly 10,000 square feet of indoor space and is positioned on 4.47 acres. The offering includes a large parking lot area, providing straightforward access for daily drop-off and pickup activity. The seller notes the site may be divided if buyers prefer not to take the full land allotment.

    The property is located in Wichita Falls, TX, and the remarks reference a downtown location. While the specific frontage and traffic details are not provided, the combination of a sizable parking area and expansive grounds supports a variety of community-oriented uses in a single location.

    The current description highlights day care needs in the area and frames the facility as a practical option for an operator looking to establish or expand day care services. The remarks also indicate the Salvation Army is looking toward combining services at its downtown location, suggesting compatibility with religious and multi-service community programming. Interested buyers and tenants should review the layout and suitability of the existing improvements for their intended operational requirements, including how they would utilize the outdoor acreage and parking lot for day-to-day operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Boys & Girls Clubs of Wichita Falls - Central Club — 1318 6th St, Wichita Falls, TX 76301
    • Tadpole Children's Academy — 921 Scott Ave, Wichita Falls, TX 76301
    • Day care — 1808 7th St, Wichita Falls, TX 76301
    • Wee School — 1200 9th St, Wichita Falls, TX 76301
    • School For Little People — 909 10th St, Wichita Falls, TX 76301

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.521998
    Latitude
    33.910139

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    FAQs

    What type of property is this?
    Day care center - A built-in-1980 facility on 4.47 acres with extensive parking, suited to day care or multi-service community uses.
    Where is this day care center located?
    The property is located at 2900 5TH STREET Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: Commercial building built in 1980 with nearly 10,000 sq ft of space; Sits on 4.47 acres of land with a large parking lot area; Parking lot available on‑site
    (940) 636-7719
    We can help!
    Listing Contact
    KIM ROARK
    KIM ROARK
    Real Estate License ID: 0530418
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    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.

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