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    Professional Office Building For Sale Title is generated by Realmo AI

    5800 Kell Boulevard, Wichita Falls, TX 76310

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    For Sale
    $1,990,000

    Well-maintained office building with highway frontage and strong traffic count.

    Type:Commercial
    Property size:
    13,224 SF
    Lot size:
    1.27 Acres
    Price / SF:
    $150/SF
    Added:
    May 18, 2026
    Days on Market:
    17
    Last Refresh:
    May 18 at 11:55 pm

    Property Features for 5800 Kell Boulevard

    General Information

    Standard status
    Active
    Size
    13,224 SF
    Lot size
    1.27 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Joseph Brannon

    Listing agent Joseph Brannon License #0527918

    Listing office Hirschi Realtors

    Listing date May 18, 2026

    Source Signaturere

    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

    HighLights

    • Prime highway frontage with strong traffic count.
    • Well‑maintained professional office building with recent metal roof replacement (April 2023).
    • Investment or owner‑user opportunity with existing tenants (Texas Railroad Commission and North Texas Arthritis & Rheumatology).
    • Three well‑designed suites totaling 13,224 sq ft on 1.2749 acres.
    • Two suites currently leased, providing immediate income.
    • Vacant 4,674 sq ft suite featuring fresh paint and new laminate flooring.

    Overview

    This well-maintained professional office building, constructed in 2000, offers 13,224 square feet of space on a 1.2749-acre lot. The property features prime highway frontage and benefits from a strong traffic count. The building is configured into three suites. Currently, two suites are leased: one to the Texas Railroad Commission (4,385 sq ft) and another to North Texas Arthritis & Rheumatology (4,057 sq ft). The remaining suite, comprising 4,674 sq ft, is vacant and features fresh paint and new laminate flooring. The metal roof was replaced in April 2023. The landlord maintains the HVAC system. This property presents an ideal opportunity for either investment or owner-user.

    Local Financial Insights For Office B

    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 $277.7k $21.00
    − Vacancy −$61.1k −$4.62
    EGI $216.6k $16.38
    − OpEx −$54.2k −$4.10
    NOI $162.5k $12.29
    13,224 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.32M
    $2.03M – $2.71M (±1% cap)
    NOI $162,457 @ 7.0% cap · market cap 8.16%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $15.78M
    $13.81M – $18.41M (±1% cap)
    NOI $1,104,740 @ 7.0% cap · market cap 55.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Texas Retina Associates Ophthalmologist Railroad Commission of Texas State Government Office Vanya Wagler, DO Physician Dr. Wayne A. Solley, ... Ophthalmologist Spencer William B ... Ophthalmologist

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.58842
    Latitude
    33.872062

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building with highway frontage and strong traffic count.
    Where is this office building located?
    The property is located at 5800 Kell Boulevard Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: Prime highway frontage with strong traffic count.; Well‑maintained professional office building with recent metal roof replacement (April 2023).; Investment or owner‑user opportunity with existing tenants (Texas Railroad Commission and North Texas Arthritis & Rheumatology).
    (940) 224-2626
    We can help!
    Listing Contact
    Joseph Brannon
    Real Estate License ID: 0527918
    Learn More
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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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