2015-Built Retail
For Sale
Contact for pricing
3910 Call Field Road, Wichita Falls, TX 76308
Built in 2015, this retail-zoned building totals 85,230 SF at 3910 & 3916 Call Field Rd.
Property Size85,230 SF
Price / SF$153.70
Days on Market153
Property Features for 3910 Call Field Road
General Information
Standard status
Active
Size
85,230 SF
Property subtype
Retail
Zoning
Retail
Occupancy
97%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$1,117,000
Building Details
Year Built
2015
Tenancy
Multi
Listing Agency:
Waypoint Real Estate Development & Advisors
Listed By:
Jake McCoy · License #TX 702534
Source:
Crexi
Added: Apr 6
Changed: Aug 21
Last Checked: Sep 2 at 5:32PM
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 Waypoint Real Estate Development & Advisors
Investment Insights
Based on property information with market context.
For sale is a modern retail property built in 2015, totaling 85,230 SF at 3910 & 3916 Call Field Rd in Wichita Falls, TX. The facility is constructed to support retail or street retail uses, and it carries a zoning classification for retail.
The site is situated in a retail-focused area of Wichita Falls with nearby attractions including Sikes Senter Mall and Parker Square. The surrounding area also includes dining and entertainment options along Southwest Parkway.
Overall, the property’s size and contemporary construction make it well suited for an owner or investor looking to establish or expand a retail presence in the Wichita Falls market.
The site is situated in a retail-focused area of Wichita Falls with nearby attractions including Sikes Senter Mall and Parker Square. The surrounding area also includes dining and entertainment options along Southwest Parkway.
Overall, the property’s size and contemporary construction make it well suited for an owner or investor looking to establish or expand a retail presence in the Wichita Falls market.
Key Highlights
- Built in 2015, modern retail facility totaling 85,230 SF
- Retail‑zoned property at 3910 & 3916 Call Field Rd.
- Size and retail zoning support retail or street retail use
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
$963,287
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
7.35%
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%
$19,265,740
$19.3M
Cap Rate 7%
$13,761,243
$13.8M
Cap Rate 9%
$10,703,189
$10.7M
Market Conditions
NOI Build-Up for 85,230 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
$1.53M $18.00/SF
− Vacancy
−$158.0K −$1.85/SF
EGI
$1.38M $16.15/SF
− OpEx
−$412.8K −$4.84/SF
NOI
$963.3K $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 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%
$19,265,740
Cap Rate 7%
$13,761,243
Cap Rate 9%
$10,703,189
Alternative Uses
Best Use
Retail
$13.76M
$12.04M – $16.05M
NOI $963,287 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$101.72M
$89.00M – $118.67M
NOI $7,120,161 @ 7.0% cap · market cap 54.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
523k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 22%
Home Improvements & Furnishings 12%
Shops & Services 11%
Walmart
Superstores
129,952 visits/mo
0.4 miles
Sam's Club
Superstores
96,320 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
42,457 visits/mo
0.5 miles
Burlington
Apparel
36,687 visits/mo
0.2 miles
Whataburger
Dining
31,170 visits/mo
0.3 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.
Frequently Asked Questions
What type of property is this?
Retail space - Built in 2015, this retail-zoned building totals 85,230 SF at 3910 & 3916 Call Field Rd.
Where is this retail space located?
The property is located at 3910 Call Field Road Wichita Falls, TX.
What is the asking price?
The asking price for this property is $13,100,000.
What are key features of this property?
This property features: Built in 2015, modern retail facility totaling 85,230 SF; Retail‑zoned property at 3910 & 3916 Call Field Rd.; Size and retail zoning support retail or street retail use
