Storefront Building with
For Sale
$600,000
3500 KEMP BOULEVARD, Wichita Falls, TX 76308
COMMERCIAL - Wichita Falls, TX
Property Size2,472 SF
Lot Size0.42 Acres
Price / SF$242.72
Days on Market116
Property Features for 3500 KEMP BOULEVARD
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
10W WFalls Southwest
Standard status
Active
Lot size
0.42 Acres
Listing Agency:
DOMAIN REAL ESTATE SERVICES INC
(940) 767-5060
Listed By:
RODD WOMBLE · License #0290048
(940) 733-2279
Added: Apr 13
Changed: Aug 4
Last Checked: Aug 6 at 2:06AM
MLS# 182906
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 storefront property includes an approximately 2,472-square-foot building situated on approximately 18,270 square feet of land. The asset is positioned along Kemp Boulevard in Wichita Falls and is presented as a commercial real estate offering.
The business currently operating from the property will continue during the listing period but is not included in the sale. The transaction therefore covers the building and land rather than the operating business.
The business currently operating from the property will continue during the listing period but is not included in the sale. The transaction therefore covers the building and land rather than the operating business.
Key Highlights
- Approximately 2,472 square feet of building area
- Approximately 18,270 square feet of land
- Located on Kemp Boulevard in Wichita Falls
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 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,512 @ 7.0% cap · market cap 34.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
7-Eleven
Shops & Services
4,717 visits/mo
0.1 miles
Golden Chick
Dining
3,201 visits/mo
0.2 miles
EZPAWN
Shops & Services
3,164 visits/mo
0.0 miles
Pizza Hut
Dining
2,219 visits/mo
0.1 miles
Demographics for 76308, TX
20,305
Population
9,601
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
2,603
Density / Sq Mi
$70,789
Median Household Income
$40,433
Median Earnings
$1,083
Median Rent
$198,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sam's Club Floral — 3801 Kell E Blvd, Wichita Falls, TX 76308
- Ria's — 2944 Blankenship St, Wichita Falls, TX 76308
Frequently Asked Questions
What type of property is this?
Storefront property - The real estate is offered separately while the existing business continues operating during the sale process.
Where is this storefront property located?
The property is located at 3500 KEMP BOULEVARD Wichita Falls, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 2,472 square feet of building area; Approximately 18,270 square feet of land; Located on Kemp Boulevard in Wichita Falls
