Two-Story Office
For Sale
$699,900
4090 REGENT DRIVE, Wichita Falls, TX 76306
A multi-office layout includes meeting rooms, a kitchen, a break room, and separate restrooms.
Property Size3,811 SF
Price / SF$183.65
Days on Market160
Property Features for 4090 REGENT DRIVE
General Information
Standard status
Active
Size
3,811 SF
Total Parking Spaces
28
Property subtype
Office Building
Site & Location
Neighborhood
Fountain Park
Additional Details
Property Use
Private Offices
Amenities
kitchen
break room
reception areas
conference rooms
separate bathrooms
front/back lawns
security system
Building Details
Building Size
3,811 SF
Year Built
1983
Buildings
2
Stories
2
Listing Agency:
HIRSCHI REALTORS
Listed By:
CRIMSON SHULTS · License #812367
(940) 249-1777
Source:
Mrewf
Added: May 27
Changed: Oct 30
Last Checked: Oct 30 at 1:44AM
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
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Investment Insights
Based on property information with market context.
Built in 1983, this two-story office property contains 14 offices, conference rooms, reception areas, a kitchen, a break room, and separate bathrooms. Front and side entrances provide access to the building, which also has a security system and lawns at the front and rear. The property includes parking for 28 cars and a separate 1,800-foot drive-in storage building.
The office is one block from McNeil Road in Wichita Falls, Texas. Its existing rooms and support areas are suited to office operations, including counseling, oil and gas, mortgage, and real estate uses.
The office is one block from McNeil Road in Wichita Falls, Texas. Its existing rooms and support areas are suited to office operations, including counseling, oil and gas, mortgage, and real estate uses.
Key Highlights
- 14 offices, conference rooms, reception areas, kitchen, break room, and separate bathrooms
- Two‑story office building constructed in 1983
- Separate 1,800‑foot drive‑in storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,818
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$936,360
Cap Rate 7%
$668,829
Cap Rate 9%
$520,200
Alternative Uses
Best Use
Office B
$668.8K
$585.2K – $780.3K
NOI $46,818 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.55M
$3.98M – $5.31M
NOI $318,373 @ 7.0% cap · market cap 45.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes meeting rooms, a kitchen, a break room, and separate restrooms.
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 $699,900.
What are key features of this property?
This property features: 14 offices, conference rooms, reception areas, kitchen, break room, and separate bathrooms; Two‑story office building constructed in 1983; Separate 1,800‑foot drive‑in storage building
