Office Building with Highway
5800 Kell Boulevard Wichita Falls, TX 76310
For Sale
$1,990,000
SINGLE_FAMILY - Wichita Falls, TX
Property Size13,224 SF
Lot Size1.28 Acres
Price / SF$150.48
Days on Market81
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
- Central, Natural Gas
- 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 Agency:
Hirschi Realtors
(940) 692-8120
Listed By:
Joseph Brannon · License #0527918
(940) 692-8120
Added: May 5
Changed: Jul 11
Last Checked: Jul 24 at 4:06AM
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.
Investment Insights
Based on property information with market context.
Well-maintained professional office building constructed in 2000. The property is arranged into three suites, with approximately half of the space currently leased to Texas Railroad Commission (4,385 sq ft) and North Texas Arthritis & Rheumatology (4,057 sq ft). A remaining 4,674 sq ft suite is vacant and has fresh paint and new laminate flooring. Updates include a metal roof replacement in April 2023, and the landlord maintains HVAC.
Located on 1.2749 acres with prime highway frontage and a strong traffic count. The building offers a straightforward layout for an investor or an owner-user seeking controlled building operations alongside existing tenant occupancy.
Located on 1.2749 acres with prime highway frontage and a strong traffic count. The building offers a straightforward layout for an investor or an owner-user seeking controlled building operations alongside existing tenant occupancy.
Key Highlights
- Professional office building built in 2000 with 13,224 SF on 1.2749 acres and public utilities (public water and public sewer).
- Three‑suite 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 a new tenant or owner‑user.
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 Analytics
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
FAQs
What type of property is this?
Office building - Well-maintained office building features three suites, with two currently leased and one vacant for immediate occupancy.
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: Professional office building built in 2000 with 13,224 SF on 1.2749 acres and public utilities (public water and public sewer).; Three‑suite 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 a new tenant or owner‑user.
