Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1602 Tx-11 Loop Wichita Falls, TX 76306
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    1602 Tx-11 Loop Wichita Falls, TX 76306

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1602 Tx-11 Loop

    Property type
    Specialty properties
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 980-square-foot office space in Wichita Falls, Texas, presents a fantastic opportunity for businesses seeking a prime location with high visibility. Situated conveniently off Loop 11, this property offers easy access and excellent exposure for attracting customers. The space is ideal for a variety of uses, including retail, insurance agencies, contracting companies, or other professional offices. Enjoy the benefits of a single-tenant occupancy, providing privacy and control over your workspace. Two dedicated parking spots are included, ensuring convenient parking for you and your clients. The property boasts 24/7 access, allowing for flexible working hours. A significant advantage is the availability of secure, on-site self-storage, provided by a neighboring gated storage facility, addressing any additional storage needs. Build-to-suit options are available to customize the space to perfectly meet your business requirements. The monthly rent is $390, which includes all utilities except water and trash. A 12-month minimum lease term is required, with a security deposit equivalent to one month's rent ($390). This property is zoned for general commercial use and is located near established businesses such as Walmart, Atwoods, and McDonald's. Signage options are available to further enhance your business's visibility. No residential inquiries will be considered.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5336
    Latitude
    33.9382

    Comparable in this City

    • Value Estimation by Request

      2461 Reilly Rd

      Office Units
      2461 Reilly Rd, Wichita Falls, TX 76306
      View Details
    • Value Estimation by Request
      3,926 SF

      202 Vly Vw Rd

      VETERINARY, ANIMAL HOSPITAL • 3,926 SF
      202 Vly Vw Rd, Wichita Falls, TX 76306-4107
      View Details
    • Value Estimation by Request
      13,720 SF

      3305 Sheppard Access Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 13,720 SF
      3305 Sheppard Access Rd, Wichita Falls, TX 76306-4233
      View Details
    • Value Estimation by Request
      18,048 SF

      3001 Central Fwy

      VETERINARY, ANIMAL HOSPITAL • 18,048 SF
      3001 Central Fwy, Wichita Falls, TX 76306-2605
      View Details
    • Value Estimation by Request
      22,500 SF

      1311 1St St

      Multifamily properties • 22,500 SF
      1311 1St St, Wichita Falls, TX 76306
      View Details
    • Value Estimation by Request
      5,102 SF

      101 Wichita St

      CHARITABLE ORGANIZATION • 5,102 SF
      101 Wichita St, Wichita Falls, TX 76306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,880 SF

      Central Freeway Commercial Event Center

      1.5-acre commercial property with versatile usage options.
      1119 Central Fwy, Wichita Falls, TX 76306
      View Details
    • Contact for pricing
      18,000 SF

      Large Commercial Building For Sale

      18,000 sqft commercial building suitable for warehouse or manufacturing.
      1621 Enterprise St, Wichita Falls, TX 76306
      View Details
    • $865,000
      18,010 SF

      Turnkey Daycare Facility For Sale

      Fully-equipped daycare with classrooms and outdoor play area.
      2600 Spur 325, Wichita Falls, TX 76306
      View Details
    • $450,000
      2,915 SF

      Wichita Falls Office Building For Sale

      Versatile office building with excellent visibility and convenient access.
      4501 Northwest Fwy, Wichita Falls, TX 76306
      View Details
    • $350,000

      Office Building Near Sheppard AFB

      Office property with multiple buildings near Sheppard Air Force Base.
      3414 Sheppard Access Rd, Wichita Falls, TX 76306
      View Details
    • $55,000
      0.12 Acres

      Single Family Home For Sale

      Two-bedroom, one-bath single family home, currently rented for $750/month.
      1218 Kenley Ave, Wichita Falls, TX 76306
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      9,670 SF

      Former Neon Spur Venue

      Versatile space ideal for restaurant, bar, or entertainment venue.
      200 N Burnett St, Wichita Falls, TX 76306
      View Details
    • Contact for pricing
      7,511 SF

      Wichita Falls Warehouse Space

      7,511 square foot warehouse space available for lease.
      3430 Burkburnett Rd, Wichita Falls, TX 76306
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
      3430 Burkburnett Rd, Wichita Falls, TX 76306
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease with flexible sizing options.
      3901 Central Fwy E, Wichita Falls, TX 76306
      View Details
    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.
    1602 Tx-11 Loop
    Wichita Falls, TX 76306
    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
    1602 Tx-11 Loop, Wichita Falls, TX, 76306
    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!