High-Visibility Retail
3500 KEMP BLVD Wichita Falls, TX 76308
3500 KEMP BLVD, Wichita Falls, TX, 76308
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For Sale
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Retail building with approximately 2,472 square feet, situated on about 18,270 square feet of land on Kemp Blvd.
Property Size2,472 SF
Lot Size0.42 Acres
Price / SF$317.56
Days on Market101
Property Features for 3500 KEMP BLVD
General Information
- Standard status
- Active
- Size
- 2,472 SF
- Lot size
- 0.42 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1959
Listing agency
Domain Real Estate Services Inc
(940) 733-2279
Listed by
Rodd Womble · License #TX 0290048
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 3:37PM Checked: Jul 21 at 3:37PM
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 Domain Real Estate Services Inc
Investment Insights
Based on property information with market context.
The Audio Source building offers approximately 2,472 square feet of retail space and is situated on approximately 18,270 square feet of land. The property is described as providing extremely high visibility along Kemp Blvd.
The sale is for the building and land only, and the existing business is continuing operations during the listing and is not part of the sale. The seller is marketing the location for national or regional chain use based on the stated visibility.
The property’s configuration supports a straightforward retail presence, with frontage called out as a key attribute for exposure on Kemp Blvd.
The sale is for the building and land only, and the existing business is continuing operations during the listing and is not part of the sale. The seller is marketing the location for national or regional chain use based on the stated visibility.
The property’s configuration supports a straightforward retail presence, with frontage called out as a key attribute for exposure on Kemp Blvd.
Key Highlights
- Audio Source building on Kemp Blvd with approximately 2,472 SF and approximately 18,270 SF of land
- Extremely high visibility frontage on Kemp Blvd
- Year built 1959
Local Financial Insights For Retail
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 | $44.5k | $18.00 |
| − Vacancy | −$4.6k | −$1.85 |
| EGI | $39.9k | $16.15 |
| − OpEx | −$12.0k | −$4.84 |
| NOI | $27.9k | $11.30 |
2,472 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$399.1K
$349.2K – $465.7K
NOI $27,939 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,512 @ 7.0% cap · market cap 26.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Audio Source
Electronics & Wireless Store
Smart Start Ignition ...
Building Supply
Simple Interlock
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building with approximately 2,472 square feet, situated on about 18,270 square feet of land on Kemp Blvd.
Where is this retail space located?
The property is located at 3500 KEMP BLVD Wichita Falls, TX.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Audio Source building on Kemp Blvd with approximately 2,472 SF and approximately 18,270 SF of land; Extremely high visibility frontage on Kemp Blvd; Year built 1959
