DK Convenience and Gas
For Sale
$450,000
5320 SOUTHWEST PARKWAY, Wichita Falls, TX 76310
COMMERCIAL, Wichita Falls, TX
Property Size2,400 SF
Lot Size0.48 Acres
Price / SF$187.50
Days on Market127
Property Features for 5320 SOUTHWEST PARKWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
10W WFalls Southwest
Standard status
Active
Size
2,400 SF
Lot size
0.48 Acres
Listing Agency:
DOMAIN REAL ESTATE SERVICES INC
(940) 767-5060
Listed By:
RODD WOMBLE · License #0290048
(940) 733-2279
Added: Jun 11
Changed: Aug 25
Last Checked: Oct 15 at 1:06AM
MLS# 183701
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.
Investment Insights
Based on property information with market context.
This property includes a convenience and gas store building of approximately 2,400 square feet plus approximately 0.48 acres of land, and it is described as fully operational. The seller’s remarks state that the business is not for sale, and the property is being offered with the current lease in place.
According to the lease information provided, there are three years and five months remaining, along with two additional renewal options for five years each. The lease is currently described as $1,900 per month plus NNN. The property is located across from WFISD sports complexes, schools, and a new home growth area.
According to the lease information provided, there are three years and five months remaining, along with two additional renewal options for five years each. The lease is currently described as $1,900 per month plus NNN. The property is located across from WFISD sports complexes, schools, and a new home growth area.
Key Highlights
- Approximately 2,400 SF building and 0.48 AC land
- Fully operational DK convenience and gas store
- Lease has 3 years 5 months remaining, with 2 renewal options for 5 years each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,782
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,640
$675.6K
Cap Rate 7%
$482,600
$482.6K
Cap Rate 9%
$375,356
$375.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$49.0K $20.40/SF
− Vacancy
−$3.9K −$1.63/SF
EGI
$45.0K $18.77/SF
− OpEx
−$11.3K −$4.69/SF
NOI
$33.8K $14.08/SF
Area
Wichita Falls, TX
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,640
Cap Rate 7%
$482,600
Cap Rate 9%
$375,356
Alternative Uses
Best Use
Industrial
$2.58M
$2.26M – $3.01M
NOI $180,624 @ 7.0% cap · market cap 40.14%
Second Best
Specialty Retail
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 7.51%
Theoretical Best
Warehouse
$2.86M
$2.51M – $3.34M
NOI $200,497 @ 7.0% cap · market cap 44.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,599 visits/mo
0.1 miles
Demographics for 76310, TX
20,204
Population
8,450
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
170.3 sq mi
ZIP Area
119
Density / Sq Mi
$83,610
Median Household Income
$46,428
Median Earnings
$1,005
Median Rent
$201,300
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Fully operational convenience and gas store with a remaining lease term and renewal options.
Where is this grocery and convenience store located?
The property is located at 5320 SOUTHWEST PARKWAY 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 2,400 SF building and 0.48 AC land; Fully operational DK convenience and gas store; Lease has 3 years 5 months remaining, with 2 renewal options for 5 years each
