Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1408 8th St Wichita Falls, TX 76301-3105
    Back to Search
    Property profile & analytics

    1408 8th St, Wichita Falls, TX 76301-3105

    View on Map
    • Office buildings
    • 4,000 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Dec 3, 2021
    Property ID
    US82-6896402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wichita Falls Medical Assistant School / Vocational School / Training Center
    • Bestcare Health Services Inc / Home Health Care Service
    • Wealth Insurance Co / Insurance Agency
    • Joe Hughes / Pharmacy

    Property Details for 1408 8th St

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.33 lot acres
    Zone code
    GC
    Property type
    Office buildings
    APN
    0030 492 00
    APU
    3049200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 3, 2021 — Vivian Wolf Joe B Hughes Venders Lien $280k · Joe B Hughes Etal
    Nov 1, 2005 — Jerry Van Loh Owens And Brumley Funeral Insurance Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $562,000
      Market price range: $117k - $562k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $360,000
      Current use
      AUTO REPAIR, GARAGE
      $495,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $365,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5002
    Latitude
    33.9077
    CBSA code
    48660
    CBSA name
    WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,536
    $10,860
    $374,485
    $385,345
    -
    $10,860
    $374,485
    $385,345

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      810 Scott Ave

      OFFICE BUILDING (MULTI-STORY)
      810 Scott Ave, Wichita Falls, TX 76301-6520
      View Details
    • Value Estimation
      $1,050,000
      8,342 SF

      2004 Old Windthorst Rd

      OFFICE BUILDING
      2004 Old Windthorst Rd, Wichita Falls, TX 76301-7850
      View Details
    • Value Estimation by Request
      1,196 SF

      800 Denver St

      OFFICE BUILDING
      800 Denver St, Wichita Falls, TX 76301-4139
      View Details
    • Value Estimation
      $3,320,000
      27,567 SF

      710 Flood St

      OFFICE BUILDING
      710 Flood St, Wichita Falls, TX 76301-2842
      View Details
    • Value Estimation by Request
      828 SF

      701 Harding St

      OFFICE BUILDING
      701 Harding St, Wichita Falls, TX 76301-2816
      View Details
    • Value Estimation by Request
      1,662 SF

      1501 Seymour Hwy

      OFFICE BUILDING
      1501 Seymour Hwy, Wichita Falls, TX 76301-3121
      View Details

    Similar Nearby for Sale

    • $449,000

      Medical Office Building with Parking

      Spacious office layout with exam rooms, multiple support spaces, and front and back parking, including covered and accessible stalls.
      804 Brook Ave, Wichita Falls, TX 76301
      View Details
    • Contact for pricing
      28,710 SF

      Warehouse and Office Complex

      Warehouse and office complex with superb access for large trucks.
      2716 Commerce St, Wichita Falls, TX 76301
      View Details
    • Contact for pricing
      28,710 SF

      Warehouse and Office Complex

      Warehouse and office complex with superb highway access.
      2716 Commerce St, Wichita Falls, TX 76301
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Office Space Available

      5,000 SF office space in downtown Wichita Falls.
      1100 8Th St, Wichita Falls, TX 76301
      View Details
    • Contact for pricing
      30,608 SF

      Downtown Wichita Falls Portfolio

      Four properties in downtown Wichita Falls, totaling 30,608 square feet.
      1211 Indiana Ave, Wichita Falls, TX 76301
      View Details
    • $475,000
      15,751 SF

      Corner Strip Center with Multiple Units

      Four-unit retail and office strip center on a street-corner site, with leasing opportunities for varied tenants.
      1900 9Th St, Wichita Falls, TX 76301
      View Details

    Similar Nearby for Lease

    • $3,750 /Mo

      Medical Office Building

      Spacious medical office with exam rooms, offices, and both front and back parking for staff and patients.
      804 Brook Ave, Wichita Falls, TX 76301
      View Details
    • Contact for pricing

      Warehouse and Office Complex

      Warehouse and office complex with superb highway access.
      2716 Commerce St, Wichita Falls, TX 76301
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space available for rent starting April 1, 2026.
      1612 10Th St, Wichita Falls, TX 76301
      View Details
    • Sponsored
      Contact for pricing

      TX, Wichita Falls - Scott Ave

      Workspaces, services and support to help you work better in TX, Wichita Falls - Scott Ave
      719 Scott Ave, Wichita Falls, TX 76301
      View Details
    • $5,000 /Mo
      47,655 SF

      General Commercial Land with Office

      Secure, gravel commercial land with direct access to Highway 287 and an on-site office plus carport and utilities.
      231 Central Fwy E, Wichita Falls, TX 76301
      View Details
    • $700 /Mo

      Corner Lot Office Suite

      Office suite with waiting area, private office and restroom, furnished and utilities billed paid.
      1501 5Th St, Wichita Falls, TX 76301
      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.
    1408 8th St
    Wichita Falls, TX 76301-3105
    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
    1408 8th 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!