Professional Office Building with
5800 Kell Boulevard, Wichita Falls, TX 76310
SINGLE_FAMILY - Wichita Falls, TX
Type:Office
Property size:
13,224 SFLot size:
1.28 AcresPrice / SF:
$150/SF- Added:
- May 5, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 20 at 6:06 pm
Property Features for 5800 Kell Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 103364
- Lot size
- 1.28 Acres
Taxes and HOA fees
- Tax Description
- LOT 2 BLK 1 MICHNA ESTATES
- Tax Annual Amount
- 37399
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Laminate
- Building materials
- Brick, Concrete, Rock, Stone
- Roof type
- Metal
Listing agent Joseph Brannon License #0527918 (940) 692-8120
Listing office Hirschi Realtors Wichita Falls, TX (940) 692-8120
Listing date May 5, 2026
MLS# 21254488
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Well‑maintained professional office building built in 2000, offering 13,224 SF on 1.2749 acres.
- Three‑suit layout: 4,385 SF leased to Texas Railroad Commission and 4,057 SF leased to North Texas Arthritis & Rheumatology.
- Vacant 4,674 SF suite with fresh paint and new laminate flooring for immediate occupancy or lease‑up.
- Metal roof replaced in April 2023; landlord maintains HVAC.
- Central natural gas heating and central air cooling; electric cooling.
- Public water and public sewer; parking lot on‑site and metal roof.
Overview
Well-maintained professional office building built in 2000, offering three dedicated suites within a total of 13,224 square feet. Two suites are currently leased to Texas Railroad Commission and North Texas Arthritis & Rheumatology, providing established income. The remaining suite is vacant and has been refreshed with new paint and new laminate flooring, making it ready for a next tenant. The property also features a metal roof that was replaced in April 2023, and the landlord maintains HVAC.
Situated on approximately 1.27 acres with prime highway frontage, the building is positioned for visibility and drive-by awareness. The strong traffic count supports accessibility and ongoing business exposure for prospective occupants.
This setup offers practical flexibility for both investors and owner-users. Buyers can evaluate the leased portion for current cash flow while retaining the ability to capitalize on the updated vacancy. Owner-users may also benefit from a building that already supports professional tenants, with an available suite that can be finished out for a new use without waiting for deferred interior updates.
Situated on approximately 1.27 acres with prime highway frontage, the building is positioned for visibility and drive-by awareness. The strong traffic count supports accessibility and ongoing business exposure for prospective occupants.
This setup offers practical flexibility for both investors and owner-users. Buyers can evaluate the leased portion for current cash flow while retaining the ability to capitalize on the updated vacancy. Owner-users may also benefit from a building that already supports professional tenants, with an available suite that can be finished out for a new use without waiting for deferred interior updates.
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
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
NOI $1,104,740 @ 7.0% cap · market cap 55.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
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
Location Insight
- Map
- Local Demand
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Longitude
- -98.583687
- Latitude
- 33.87266
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Well-maintained 2000-built office property with highway frontage and three suites, including a freshly updated vacancy.
Where is this office units 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: Well‑maintained professional office building built in 2000, offering 13,224 SF on 1.2749 acres.; Three‑suit layout: 4,385 SF leased to Texas Railroad Commission and 4,057 SF leased to North Texas Arthritis & Rheumatology.; Vacant 4,674 SF suite with fresh paint and new laminate flooring for immediate occupancy or lease‑up.
