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 Market236
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: Sep 2
Last Checked: Sep 5 at 8:46AM
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
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 = 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
$35,811
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
7.96%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
