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    Office Building with Private Offices Title is generated by Realmo AI

    4501 NORTHWEST FREEWAY, Wichita Falls, TX 76306

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    For Sale
    $450,000

    COMMERCIAL - Wichita Falls, TX

    Type:Office
    Property size:
    2,915 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $154/SF
    Added:
    Jan 12, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 4501 NORTHWEST FREEWAY

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Size
    2,915 SF
    Lot size
    1.00 Acre

    Building Details

    Flooring type
    Tile, Concrete, Carpet
    Roof type
    Composition

    We can help!

    Listing Contact
    MARINA VANCE

    Listing agent MARINA VANCE License #0821217

    Listing office HIRSCHI REALTORS 3631 MAPLEWOOD SUITE 1, WICHITA FALLS, TX

    Listing date Jan 12, 2026

    MLS# 181761

    Copyright © 2026 Wichita Falls Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approx. 2,915 SF commercial office building with up to five private offices
    • Includes spacious conference room, kitchen/break area, and utility room
    • Flexible layout suitable for professional, medical, or service‑based use
    • Located on roughly 1 acre with ample parking and strong traffic exposure
    • Composition roof; flooring includes tile, concrete, and carpet

    Overview

    This for-sale commercial office building offers a flexible layout designed for professional, medical, or service-based use. Approximately 2,915 square feet includes up to five private offices, a spacious conference room, a kitchen/break area, and a utility room. The configuration supports both day-to-day operations and owner-occupant flexibility, with space that can accommodate multiple functions under one roof.

    Located at 4501 Northwest Freeway in Wichita Falls, the property is positioned for convenient access and visibility. The site sits on roughly one acre and provides ample parking to support employees and visitors.

    For tenants, buyers, and operators seeking an established office environment with dedicated private rooms and meeting space, this building provides a practical combination of work areas and support facilities. With its mix of private offices, conference space, and back-of-house utility and break amenities, it can serve a range of office-oriented businesses that need both collaboration space and individual work areas.

    Local Financial Insights For Healthcare Medical

    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 $70.0k $24.00
    − Vacancy −$7.0k −$2.40
    EGI $63.0k $21.60
    − OpEx −$25.2k −$8.64
    NOI $37.8k $12.96
    2,915 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $539.7K
    $472.2K – $629.6K (±1% cap)
    NOI $37,778 @ 7.0% cap · market cap 8.40%
    Second Best
    Office B
    $511.6K
    $447.6K – $596.9K (±1% cap)
    NOI $35,811 @ 7.0% cap · market cap 7.96%
    Theoretical Best
    Warehouse
    $3.48M
    $3.04M – $4.06M (±1% cap)
    NOI $243,521 @ 7.0% cap · market cap 54.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Garden Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.553722
    Latitude
    33.948499

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    FAQs

    What type of property is this?
    Office building - Versatile office building with up to five private offices, conference room, and ample parking on one acre.
    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: Approx. 2,915 SF commercial office building with up to five private offices; Includes spacious conference room, kitchen/break area, and utility room; Flexible layout suitable for professional, medical, or service‑based use
    (940) 232-4466
    We can help!
    Listing Contact
    MARINA VANCE
    Real Estate License ID: 0821217
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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