Two-Story Office with Drive-In
For Sale
$750,000
4090 REGENT DRIVE, Wichita Falls, TX 76306
Custom-built 1983 office property includes 14 private offices, reception and conference rooms, plus a 1,800' drive-in storage building.
Property Size3,811 SF
Days on Market101
Property Features for 4090 REGENT DRIVE
General Information
Standard status
Active
Size
3,811 SF
Total Parking Spaces
28
Property subtype
Office Building
Additional Details
Office Units
14
Amenities
kitchen
break room
reception areas
conference rooms
separate bathrooms
security system
front/back lawns
Building Details
Building Size
3,811 SF
Year Built
1983
Stories
2
Listing Agency:
HIRSCHI REALTORS
Listed By:
CRIMSON SHULTS · License #812367
(940) 249-1777
Source:
Bishoprealtors
Added: May 27
Changed: Sep 4
Last Checked: Sep 4 at 2:56AM
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 HIRSCHI REALTORS
Investment Insights
Based on property information with market context.
Custom-built in 1983, this two-story office property was designed for private offices and includes 14 offices, reception areas, conference rooms, a kitchen, a break room, and separate bathrooms. The layout also provides side and front entrances.
On-site parking accommodates up to 28 cars, and the property features both front and back lawns along with a security system. A separate 1,800' drive-in storage building supports additional storage needs.
The building is positioned one block from McNeil Road for commuting convenience, while the remarks describe the setting as private and quiet for office-oriented uses.
On-site parking accommodates up to 28 cars, and the property features both front and back lawns along with a security system. A separate 1,800' drive-in storage building supports additional storage needs.
The building is positioned one block from McNeil Road for commuting convenience, while the remarks describe the setting as private and quiet for office-oriented uses.
Key Highlights
- Custom‑built 1983 office property with concrete flooring throughout
- 14 offices plus reception and conference rooms, with kitchen and break room
- Includes 3 guest facilities and separate bathrooms
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
$46,818
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
6.24%
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%
$936,360
$936.4K
Cap Rate 7%
$668,829
$668.8K
Cap Rate 9%
$520,200
$520.2K
Market Conditions
NOI Build-Up for 3,811 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
$80.0K $21.00/SF
− Vacancy
−$17.6K −$4.62/SF
EGI
$62.4K $16.38/SF
− OpEx
−$15.6K −$4.10/SF
NOI
$46.8K $12.29/SF
Area
Wichita Falls, TX
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$936,360
Cap Rate 7%
$668,829
Cap Rate 9%
$520,200
Alternative Uses
Best Use
Industrial
$4.10M
$3.59M – $4.78M
NOI $286,815 @ 7.0% cap · market cap 38.24%
Second Best
Office B
$668.8K
$585.2K – $780.3K
NOI $46,818 @ 7.0% cap · market cap 6.24%
Theoretical Best
Warehouse
$4.55M
$3.98M – $5.31M
NOI $318,373 @ 7.0% cap · market cap 42.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Office units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Custom-built 1983 office property includes 14 private offices, reception and conference rooms, plus a 1,800' drive-in storage building.
Where is this office building located?
The property is located at 4090 REGENT DRIVE Wichita Falls, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Custom‑built 1983 office property with concrete flooring throughout; 14 offices plus reception and conference rooms, with kitchen and break room; Includes 3 guest facilities and separate bathrooms
