New
For Sale
$2,650,000
4420 Kimbell Dr, Wichita Falls, TX 76302
Medical Office Space
Property Size10,796 SF
Price / SF$245.46
Days on Market1
Property Features for 4420 Kimbell Dr
General Information
Standard status
Active
Size
10,796 SF
Property subtype
Office Medical
Occupancy
100%
Amenities
Early Five-Year Lease Extension Through February 2033
Lease Guaranteed by North Central Texas Community Health Care Center, Inc.
10,796.5 SF Purpose-Built Medical Facility on 4.43 Acres | Built 2015
Building Details
Building Size
10,796 SF
Year Built
2015
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Joseph Jaques · License #License(s): TX: 651497
(972) 755-5171
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 7 at 1:51PM
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 Marcus & Millichap - Dallas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,916
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,320
$2.8M
Cap Rate 7%
$1,998,800
$2.0M
Cap Rate 9%
$1,554,622
$1.6M
Market Conditions
NOI Build-Up for 10,796 SF
Gross rent
$259.1K $24.00/SF
− Vacancy
−$25.9K −$2.40/SF
EGI
$233.2K $21.60/SF
− OpEx
−$93.3K −$8.64/SF
NOI
$139.9K $12.96/SF
Area
Wichita Falls, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,320
Cap Rate 7%
$1,998,800
Cap Rate 9%
$1,554,622
Alternative Uses
Best Use
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,916 @ 7.0% cap · market cap 5.28%
Second Best
Office B
$1.89M
$1.66M – $2.21M
NOI $132,629 @ 7.0% cap · market cap 5.00%
Theoretical Best
Warehouse
$12.88M
$11.27M – $15.03M
NOI $901,904 @ 7.0% cap · market cap 34.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this medical office space located?
The property is located at 4420 Kimbell Dr Wichita Falls, TX.
What is the asking price?
The asking price for this property is $2,650,000.
