Three-Suite Office
For Sale
$1,990,000
5800 Kell Boulevard, Wichita Falls, TX 76310
CommercialSale, Wichita Falls, TX
Property Size13,224 SF
Lot Size1.28 Acres
Price / SF$150.48
Days on Market172
Property Features for 5800 Kell Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
commercial
Parking features
Parking Lot
Subdivision
Michna Estates
Directions
From Kell Blvd, turn north onto Brook Ave. Property is located immediately north of Kell Blvd on the east side of Brook Ave with direct access from the frontage road. Conveniently situated near Kell West Regional Hospital and major retail and services.
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
Legal Description
LOT 2 BLK 1 MICHNA ESTATES
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
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 Agency:
Hirschi Realtors
Listed By:
Joseph Brannon
(940) 692-8120
Added: May 5
Changed: Oct 21
Last Checked: Oct 23 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 2000, this 13,224-square-foot office building contains three suites with a combination of laminate and tile flooring. Texas Railroad Commission occupies 4,385 square feet, while North Texas Arthritis & Rheumatology leases 4,057 square feet. The remaining 4,674-square-foot suite is vacant and has fresh paint and new laminate flooring.
The property offers highway frontage and a parking lot on a 1.2749-acre site. A metal roof was replaced in April 2023, and the landlord maintains the HVAC system. Additional building infrastructure includes central air conditioning, natural-gas heating, public water, and public sewer. Construction materials include brick, concrete, rock, and stone.
The property offers highway frontage and a parking lot on a 1.2749-acre site. A metal roof was replaced in April 2023, and the landlord maintains the HVAC system. Additional building infrastructure includes central air conditioning, natural-gas heating, public water, and public sewer. Construction materials include brick, concrete, rock, and stone.
Key Highlights
- 13,224‑square‑foot office building with three suites
- 4,385‑square‑foot suite leased to Texas Railroad Commission
- 4,057‑square‑foot suite leased to North Texas Arthritis & Rheumatology
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,457
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,249,140
$3.2M
Cap Rate 7%
$2,320,814
$2.3M
Cap Rate 9%
$1,805,078
$1.8M
Market Conditions
NOI Build-Up for 13,224 SF
Gross rent
$277.7K $21.00/SF
− Vacancy
−$61.1K −$4.62/SF
EGI
$216.6K $16.38/SF
− OpEx
−$54.2K −$4.10/SF
NOI
$162.5K $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%
$3,249,140
Cap Rate 7%
$2,320,814
Cap Rate 9%
$1,805,078
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 authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with two occupied suites, one finished vacancy, and highway frontage.
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: 13,224‑square‑foot office building with three suites; 4,385‑square‑foot suite leased to Texas Railroad Commission; 4,057‑square‑foot suite leased to North Texas Arthritis & Rheumatology
