Multi-Office Commercial
For Sale
$450,000
4501 NORTHWEST FREEWAY, Wichita Falls, TX 76306
COMMERCIAL, Wichita Falls, TX
Property Size2,915 SF
Lot Size1.00 Acre
Price / SF$154.37
Days on Market281
Property Features for 4501 NORTHWEST FREEWAY
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
20 WFalls Northwest
Standard status
Active
Size
2,915 SF
Lot size
1.00 Acre
Building Details
Flooring type
Tile, Concrete, Carpet
Roof type
Composition
Listing Agency:
HIRSCHI REALTORS
(940) 692-8120
Listed By:
MARINA VANCE
(940) 232-4466
Added: Jan 12
Changed: Oct 18
Last Checked: Oct 20 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This versatile commercial office building is designed for a functional, professional layout. The space includes up to five private offices, a spacious conference room, a kitchen/break area, and a utility room, giving users multiple work zones within a single footprint.
The property is situated on roughly one acre and offers ample parking. Public remarks also note convenient access and strong traffic exposure, supporting everyday client and customer access.
With its flexible interior configuration, the building can accommodate a range of office and service-oriented uses as an owner-occupant or as a potential investment.
The property is situated on roughly one acre and offers ample parking. Public remarks also note convenient access and strong traffic exposure, supporting everyday client and customer access.
With its flexible interior configuration, the building can accommodate a range of office and service-oriented uses as an owner-occupant or as a potential investment.
Key Highlights
- Approximately 2,915 SF commercial office building with a flexible interior layout for owner‑occupant or investment use
- Up to five private offices plus a spacious conference room
- Includes kitchen/break area and utility room
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
44
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 on about 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: Approximately 2,915 SF commercial office building with a flexible interior layout for owner‑occupant or investment use; Up to five private offices plus a spacious conference room; Includes kitchen/break area and utility room
