Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot on Kell Frontage Title is generated by Realmo AI

    5811 ASHLEYANNE CIRCLE, Wichita Falls, TX 76310

    View on Map
    Claim this Listing
    Picture of Commercial land at 5811 ASHLEYANNE CIRCLE, Wichita Falls, TX
    For Sale
    $575,000

    Lot 1-5 Acres - Wichita Falls, TX

    Type:Single Family Residence
    Property size:
    57,542 SF
    Lot size:
    1.32 Acres
    Price / SF:
    $9/SF
    Added:
    Nov 3, 2015
    Days on Market:
    3852
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 5811 ASHLEYANNE CIRCLE

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Size
    57,542 SF
    Lot size
    1.32 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MICHAEL DETRICK
    MICHAEL DETRICK

    Listing agent MICHAEL DETRICK License #0439152

    Listing office NORTEX REALTY 4215 FAIRWAY, Wichita Falls, TX

    Listing date Nov 3, 2015

    MLS# 138799 Listing URL

    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.

    HighLights

    • Large 57,542 sq ft commercial lot
    • Located on Kell West Frontage
    • All utilities available
    • Sewer available on lot
    • Commercial zoning
    • Prime location

    Overview

    This commercial lot, comprising 57,542 square feet (1.32 acres), is located on Kell West Frontage in Wichita Falls, Texas. All utilities, including sewer, are available on the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5855323
    Latitude
    33.8723516

    Nearby Similar for Sale

    • $449,000
      9,740 SF

      Wichita Falls Warehouse on Highway

      Warehouse with highway frontage and easy access outside city limits.
      371 S HWY 287, Wichita Falls, TX 76310
      View Details
    • $449,000

      Highway Accessible Warehouse on 3.5 Acres

      Warehouse property with highway access, visibility, and ample yard space.
      371 S US BUSINESS HWY 287, Wichita Falls, TX 76310
      View Details
    • $1,990,000
      13,224 SF

      Wichita Falls Office Building For Sale

      Well-maintained office building with highway frontage and investment potential.
      5800 W KELL BOULEVARD, Wichita Falls, TX 76310
      View Details
    • $599,500
      6,396 SF

      Medical Office Near United Regional

      Office building near hospital, suitable for medical or professional uses.
      1515 10TH STREET, Wichita Falls, TX 76301
      View Details
    • $349,350

      Prime Commercial Development Opportunity

      2.55 acres for retail, restaurant, or service businesses.
      2.55 A Tbd Lot 5 Arena Road, Wichita Falls, TX 76310
      View Details
    • $590,000

      Wichita Falls Commercial Property

      7,200 sqft building on 1.56 acres, ideal for various uses.
      1522 Weeks Street, Wichita Falls, TX 76302
      View Details
    • $449,000

      Wichita Falls Office Building

      Spacious medical office in the heart of the Medical District.
      804 BROOK AVENUE, Wichita Falls, TX 76301
      View Details
    • $450,000
      2,915 SF

      Wichita Falls Office Building For Sale

      Versatile office building with excellent visibility and convenient access.
      4501 NORTHWEST FREEWAY, Wichita Falls, TX 76306
      View Details
    • $199,900

      Renovated Commercial Building in Wichita Falls

      Versatile, renovated commercial space suitable for retail, office, or creative uses.
      2710 Grant, Wichita Falls, TX 76309
      View Details
    • $226,050

      Prime Commercial Development Opportunity

      1.65 Acres ideal for retail, restaurant, or service businesses.
      1.65 A Tbd Lot 6 Arena Road, Wichita Falls, TX 76310
      View Details
    • $212,350

      Prime Commercial Development Opportunity

      1.55 acres ideal for retail, restaurant, or service businesses.
      1.55 A Tbd Lot 1 Arena Road, Wichita Falls, TX 76310
      View Details
    • $253,450

      Prime Commercial Development Opportunity

      1.85 acres for retail, restaurant, or service businesses.
      1.85 A Tbd Lot 4 Arena Road, Wichita Falls, TX 76310
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with utilities available in Wichita Falls, Texas.
    Where is this commercial land located?
    The property is located at 5811 ASHLEYANNE CIRCLE Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Large 57,542 sq ft commercial lot; Located on Kell West Frontage; All utilities available
    (940) 723-8203
    We can help!
    Listing Contact
    MICHAEL DETRICK
    MICHAEL DETRICK
    Real Estate License ID: 0439152
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5811 ASHLEYANNE CIRCLE, Wichita Falls, TX 76310
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!