High-Visibility Commercial
For Sale
$325,000
3900 SHEPPARD ACCESS ROAD, Wichita Falls, TX 76306
COMMERCIAL, Wichita Falls, TX
Property Size2,509 SF
Lot Size1.21 Acres
Price / SF$129.53
Days on Market102
Property Features for 3900 SHEPPARD ACCESS ROAD
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Subdivision
20 WFalls Northwest
Standard status
Active
Size
2,509 SF
Lot size
1.21 Acres
Building Details
Flooring type
Carpet
Roof type
Slate
Listing Agency:
RE/MAX ELITE GROUP · RE/MAX International
(940) 264-2500
Listed By:
DANA ROSS GENTRY · License #0668846
(940) 733-3376
Added: Jun 28
Changed: Aug 25
Last Checked: Oct 7 at 5:06PM
MLS# 183942
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.
A versatile commercial building offering approximately 2,509 square feet on 1.21 acres. The property is positioned in a high-visibility setting just outside Sheppard Air Force Base, with substantial daily traffic passing by for strong storefront and business visibility.
The building is listed for sale, with sale or lease options referenced in the marketing materials. Its flexible, general-purpose nature can support a variety of commercial uses, making it suitable for prospective owners and operators evaluating retail or service concepts in a high-exposure location.
For additional details on the building’s specific layout and condition, please contact the listing broker to review available materials and discuss your intended use.
The building is listed for sale, with sale or lease options referenced in the marketing materials. Its flexible, general-purpose nature can support a variety of commercial uses, making it suitable for prospective owners and operators evaluating retail or service concepts in a high-exposure location.
For additional details on the building’s specific layout and condition, please contact the listing broker to review available materials and discuss your intended use.
Key Highlights
- 2,509 sq. ft. commercial building on 1.21 acres
- Roof type: slate
- Carpet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,357
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,140
$567.1K
Cap Rate 7%
$405,100
$405.1K
Cap Rate 9%
$315,078
$315.1K
Market Conditions
NOI Build-Up for 2,509 SF
Gross rent
$45.2K $18.00/SF
− Vacancy
−$4.7K −$1.85/SF
EGI
$40.5K $16.15/SF
− OpEx
−$12.2K −$4.84/SF
NOI
$28.4K $11.30/SF
Area
Wichita Falls, TX
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,140
Cap Rate 7%
$405,100
Cap Rate 9%
$315,078
Alternative Uses
Best Use
Retail
$405.1K
$354.5K – $472.6K
NOI $28,357 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.99M
$2.62M – $3.49M
NOI $209,603 @ 7.0% cap · market cap 64.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
McDonald's
Dining
16,031 visits/mo
0.1 miles
Dollar General
Shops & Services
7,807 visits/mo
0.3 miles
Stripes
Shops & Services
7,300 visits/mo
0.1 miles
SONIC Drive In
Dining
6,103 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,414 visits/mo
0.2 miles
Demographics for 76306, TX
14,664
Population
6,529
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
17.1 sq mi
ZIP Area
858
Density / Sq Mi
$47,004
Median Household Income
$35,005
Median Earnings
$884
Median Rent
$105,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial building on 1.21 acres near Sheppard Air Force Base, with prominent exposure along Sheppard Access Road.
Where is this retail space located?
The property is located at 3900 SHEPPARD ACCESS ROAD Wichita Falls, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,509 sq. ft. commercial building on 1.21 acres; Roof type: slate; Carpet flooring
