Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Warehouse and Office Complex Title is generated by Realmo AI

    2716 Commerce St, Wichita Falls, TX 76301

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Warehouse and office complex with superb access for large trucks.

    Type:Industrial
    Property size:
    28,710 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $67/SF
    Added:
    Oct 22, 2022
    Days on Market:
    1320
    Last Refresh:
    May 19 at 11:00 pm

    Property Features for 2716 Commerce St

    General Information

    Standard status
    Active
    Size
    28,710 SF
    Lot size
    3.00 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Ashton Gustafson

    Listing agent Ashton Gustafson License #TX 540858

    Listing office Bishop Realtor Group

    Listing date Oct 22, 2022

    Source Crexi

    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 Bishop Realtor Group

    HighLights

    • Superb access for large trucks due to location at confluence of Highway 287 and Highway 79.
    • 20,000 sf warehouse space.
    • Includes a 4,800 sf and 3,910 sf office buildings.
    • The warehouse features three dock‑height doors and one grade‑level door.
    • Three‑acre lot with room for a sizeable yard.
    • Move‑in ready condition.

    Overview

    This commercial property features a warehouse and office complex located at 2716 Commerce St, Wichita Falls, TX 76301. Constructed in 1982, the complex includes a 20,000 square foot warehouse, a 4,800 square foot office building, and a 3,910 square foot office building, totaling 28,710 square feet. Situated on three acres, the property offers room for a sizeable yard. The warehouse is equipped with one grade-level door and three dock-height doors, providing access for deliveries and shipments. The location in a business park at the confluence of Highway 287 and Highway 79 provides superb access for large trucks. The property is move-in ready.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility Grocery & Convenience Store Travel Agency

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

    Similar Places Nearby

    • Gavilon Grain LLC — 2102 Waurika Fwy, Wichita Falls, TX 76301

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.442907
    Latitude
    33.889743

    Nearby Similar for Sale

    • $419,000
      9,740 SF

      Wichita Falls Warehouse on Highway

      Warehouse property with highway frontage and multiple buildings.
      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
    • $750,000
      3,811 SF

      Wichita Falls Office Building

      Two-story office building with storage in Wichita Falls, Texas.
      4090 REGENT DRIVE, Wichita Falls, TX 76306
      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
    • $1,650,000
      36,000 SF

      Wichita Falls Commercial Space

      36,000 sq ft commercial space on Highway 287.
      2915 E CENTRAL FREEWAY, Wichita Falls, TX 76302
      View Details
    • $1,500,000
      28,159 SF

      Wichita Falls Commercial/Industrial Property

      28,000+ SF building on 3.89 acres in Wichita Falls.
      2901 JACKSBORO HIGHWAY, Wichita Falls, TX 76302
      View Details
    • $590,000

      Turnkey Day Care and Office Building

      Purpose-built for flexible learning and care, with classroom space, fenced yard, and covered drop-off for efficient operations.
      1522 Weeks Street, Wichita Falls, TX 76302
      View Details
    • $475,000
      15,751 SF

      Wichita Falls Strip Center

      Centrally located strip center with strong income potential.
      1900 9TH STREET, Wichita Falls, TX 76301
      View Details
    • $1,990,000
      13,224 SF

      Wichita Falls Professional Office Building

      Well-maintained office building with highway frontage and strong traffic count.
      5800 Kell Boulevard, Wichita Falls, TX 76310
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse and office complex with superb access for large trucks.
    Where is this warehouse located?
    The property is located at 2716 Commerce St Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Superb access for large trucks due to location at confluence of Highway 287 and Highway 79.; 20,000 sf warehouse space.; Includes a 4,800 sf and 3,910 sf office buildings.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ashton Gustafson
    Real Estate License ID: TX 540858
    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
    2716 Commerce St, Wichita Falls, TX 76301
    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!