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 Market256
Property Features for 4314 Wendover
General Information
Standard status
Active
Size
12,188 SF
Property subtype
Office
Building Details
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: Jul 6
Last Checked: Aug 4 at 5:22AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.9k | $21.00 |
| − Vacancy | −$56.3k | −$4.62 |
| EGI | $199.6k | $16.38 |
| − OpEx | −$49.9k | −$4.10 |
| NOI | $149.7k | $12.29 |
12,188 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
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
509
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
