Retail Storefront with Concrete
For Sale
$1,056,000
4205 JACKSBORO HIGHWAY, Wichita Falls, TX 76302
COMMERCIAL - Wichita Falls, TX
Property Size6,626 SF
Lot Size1.07 Acres
Price / SF$159.37
Days on Market350
Property Features for 4205 JACKSBORO HIGHWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
10E WFalls Southeast
Standard status
Active
Size
6,626 SF
Lot size
1.07 Acres
Listing Agency:
DOMAIN REAL ESTATE SERVICES INC
(940) 767-5060
Listed By:
RODD WOMBLE · License #0290048
(940) 733-2279
Added: Aug 28, 2025
Changed: Aug 4
Last Checked: Aug 12 at 2:06PM
MLS# 180118
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 retail storefront contains approximately 6,626 square feet within a 1.07-acre commercial parcel. The property previously operated as an Advanced Auto Parts location and includes a full concrete parking lot for customer and employee vehicles.
Positioned along Jacksboro Highway in Wichita Falls, the property sits between Pizza Hut, Pilgrims Bank, and Berend Brothers. Its existing retail configuration and commercial surroundings support continued storefront use. The property is available for sale and is also offered under an NNN lease structure.
Positioned along Jacksboro Highway in Wichita Falls, the property sits between Pizza Hut, Pilgrims Bank, and Berend Brothers. Its existing retail configuration and commercial surroundings support continued storefront use. The property is available for sale and is also offered under an NNN lease structure.
Key Highlights
- Approximately 6,626 square feet of building area
- 1.07‑acre commercial parcel
- Full concrete parking lot
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
$74,888
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
7.09%
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%
$1,497,760
$1.5M
Cap Rate 7%
$1,069,829
$1.1M
Cap Rate 9%
$832,089
$832.1K
Market Conditions
NOI Build-Up for 6,626 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
$119.3K $18.00/SF
− Vacancy
−$12.3K −$1.85/SF
EGI
$107.0K $16.15/SF
− OpEx
−$32.1K −$4.84/SF
NOI
$74.9K $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%
$1,497,760
Cap Rate 7%
$1,069,829
Cap Rate 9%
$832,089
Alternative Uses
Best Use
Industrial
$7.12M
$6.23M – $8.31M
NOI $498,671 @ 7.0% cap · market cap 47.22%
Second Best
Retail
$1.07M
$936.1K – $1.25M
NOI $74,888 @ 7.0% cap · market cap 7.09%
Theoretical Best
Warehouse
$7.91M
$6.92M – $9.23M
NOI $553,540 @ 7.0% cap · market cap 52.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76302, TX
12,400
Population
5,333
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
1,319
Density / Sq Mi
$56,744
Median Household Income
$36,125
Median Earnings
$902
Median Rent
$142,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Established commercial setting near Pizza Hut, Pilgrims Bank, and Berend Brothers with a paved customer parking area.
Where is this storefront property located?
The property is located at 4205 JACKSBORO HIGHWAY Wichita Falls, TX.
What is the asking price?
The asking price for this property is $1,056,000.
What are key features of this property?
This property features: Approximately 6,626 square feet of building area; 1.07‑acre commercial parcel; Full concrete parking lot
