Wichita Falls Office
For Sale
$1,940,000
4314 Wendover, Wichita Falls, TX 76309
12,188 SF office building in a high-profile commercial area.
Property Size12,188 SF
Price / SF$159.17
Days on Market275
Property Features for 4314 Wendover
General Information
Standard status
Active
Size
12,188 SF
Class
A
Property subtype
Office
Building Details
Building Size
12,188 SF
Year Built
2006
Listing Agency:
SVN l EVTRS (EverTrust)
(214) 356-5662
Listed By:
Bruce Marshall · License #TX #218397
(214) 356-5662
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 17
Last Checked: Aug 23 at 2:45AM
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 SVN l EVTRS (EverTrust)
Investment Insights
Based on property information with market context.
The property is a 12,188 square foot office building situated on 1.88 acres of land. It is located in a high-profile commercial area in Wichita Falls, Texas, home of Sheppard Air Force Base. The building was constructed in 2006 and features all-brick construction. An Energy Management System operates the HVAC, landscape irrigation, and electrical systems. The property is near a newly constructed Johnny Carino's restaurant to the south and a Class A, AT&T executive office development to the east. Numerous banks are located nearby, including Fidelity Bank, First Bank, Edward Jones, Smith Barney, and Citibank Financial. Area restaurants include Cheddar's and Texas Roadhouse. Other area retailers include Sam's Club, Home Depot, and Circuit City. Mineral Wells is home of Midwestern University and Shepard Air Force Base. The trade area of Mineral Wells encompasses a population of 371,892 persons.
Key Highlights
- 2006‑Built All Brick Office Building
- Located in a high‑profile commercial area
- 7.75% Cap Rate & 10.11% All In Benefits
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
$149,730
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
7.72%
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%
$2,994,600
$3.0M
Cap Rate 7%
$2,139,000
$2.1M
Cap Rate 9%
$1,663,667
$1.7M
Market Conditions
NOI Build-Up for 12,188 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
$255.9K $21.00/SF
− Vacancy
−$56.3K −$4.62/SF
EGI
$199.6K $16.38/SF
− OpEx
−$49.9K −$4.10/SF
NOI
$149.7K $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%
$2,994,600
Cap Rate 7%
$2,139,000
Cap Rate 9%
$1,663,667
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,730 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$14.55M
$12.73M – $16.97M
NOI $1,018,192 @ 7.0% cap · market cap 52.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 76309, TX
13,053
Population
6,477
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
2,373
Density / Sq Mi
$51,886
Median Household Income
$32,034
Median Earnings
$1,023
Median Rent
$138,600
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 - 12,188 SF office building in a high-profile commercial area.
Where is this office building located?
The property is located at 4314 Wendover Wichita Falls, TX.
What is the asking price?
The asking price for this property is $1,940,000.
What are key features of this property?
This property features: 2006‑Built All Brick Office Building; Located in a high‑profile commercial area; 7.75% Cap Rate & 10.11% All In Benefits
