Professional Office
For Sale
$450,000
4501 NORTHWEST FREEWAY, Wichita Falls, TX 76306
Office building with up to five private offices, conference room, kitchen/break area, and utility room, plus ample parking.
Property Size2,915 SF
Days on Market282
Property Features for 4501 NORTHWEST FREEWAY
General Information
Standard status
Active
Size
2,915 SF
Property subtype
Office Building
Building Details
Building Size
2,915 SF
Listing Agency:
HIRSCHI REALTORS
Listed By:
MARINA VANCE · License #0821217
(940) 232-4466
Source:
Bishoprealtors
Added: Jan 12
Changed: Oct 20
Last Checked: Oct 19 at 4:46PM
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.
This versatile commercial office building is offered for sale and totals approximately 2,915 square feet. The interior layout includes up to five private offices, a spacious conference room, a kitchen/break area, and a utility room, providing flexibility for a range of professional and service-oriented uses.
The property sits on roughly one acre and offers ample parking, with convenient access and strong traffic exposure noted in the marketing materials. Its configuration supports both owner-occupant and investment approaches.
For buyers seeking a practical office setup, the combination of private offices and dedicated common/work areas can accommodate team-based operations while maintaining defined spaces for meetings and daily workflow.
The property sits on roughly one acre and offers ample parking, with convenient access and strong traffic exposure noted in the marketing materials. Its configuration supports both owner-occupant and investment approaches.
For buyers seeking a practical office setup, the combination of private offices and dedicated common/work areas can accommodate team-based operations while maintaining defined spaces for meetings and daily workflow.
Key Highlights
- Approximately 2,915 SF office building with a layout that includes up to five private offices
- Includes a spacious conference room, kitchen/break area, and utility room
- Roughly one‑acre property with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,811
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,220
$716.2K
Cap Rate 7%
$511,586
$511.6K
Cap Rate 9%
$397,900
$397.9K
Market Conditions
NOI Build-Up for 2,915 SF
Gross rent
$61.2K $21.00/SF
− Vacancy
−$13.5K −$4.62/SF
EGI
$47.7K $16.38/SF
− OpEx
−$11.9K −$4.10/SF
NOI
$35.8K $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%
$716,220
Cap Rate 7%
$511,586
Cap Rate 9%
$397,900
Alternative Uses
Best Use
Office B
$511.6K
$447.6K – $596.9K
NOI $35,811 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.48M
$3.04M – $4.06M
NOI $243,521 @ 7.0% cap · market cap 54.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
39
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 - Office building with up to five private offices, conference room, kitchen/break area, and utility room, plus ample parking.
Where is this office building located?
The property is located at 4501 NORTHWEST FREEWAY Wichita Falls, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,915 SF office building with a layout that includes up to five private offices; Includes a spacious conference room, kitchen/break area, and utility room; Roughly one‑acre property with ample parking
