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    1501 5Th St Wichita Falls, TX 76301
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    Property profile & analytics

    1501 5Th St, Wichita Falls, TX 76301

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    • Office buildings
    • 1,662 SF
    • 0.13 lot acres
    For Lease
    $700/Mo
    View Listing →
    Corner Lot Office Suite For Lease
    $700/Mo

    Corner Lot Office Suite

    Office suite with waiting area, private office and restroom, furnished and utilities billed paid.

    1501 5TH STREET, Wichita Falls, TX 76301
    View Listing
    Property ID
    US82-6024268
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Howard Hinkle / Ranch
    • Stone's Reliable Tax Service / Business Management Consultant / Accounting Firm
    • Hjtv Inc / Tax Preparation

    Property Details for 1501 5Th St

    Year built
    1955
    Construction
    CONCRETE BLOCKS
    Lot size
    0.13 lot acres
    Property type
    Office buildings
    APN
    0030 778 00
    APU
    3077800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 27, 2022 — Ch Property Solutions LLC Wft Home Solutions INC Venders Lien $75k · First Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5033
    Latitude
    33.9092
    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
    $1,831
    $8,651
    $75,480
    $84,131
    -
    $8,651
    $75,480
    $84,131

    Comparable in this City

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      12,417 SF

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    • Value Estimation by Request
      2,256 SF

      1407 9th St

      OFFICE BUILDING (MULTI-STORY)
      1407 9th St, Wichita Falls, TX 76301-4302
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    • Value Estimation
      $1,200,000
      9,744 SF

      1100 Indiana Ave

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      17,537 SF

      500 Broad St

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      500 Broad St, Wichita Falls, TX 76301-3109
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      9,500 SF

      1000 Burnett St

      OFFICE BUILDING
      1000 Burnett St, Wichita Falls, TX 76301-3210
      View Details
    • Value Estimation
      $2,385,000
      151,690 SF

      900 8th St

      OFFICE BUILDING (MULTI-STORY)
      900 8th St, Wichita Falls, TX 76301-6801
      View Details

    Similar Nearby for Sale

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      28,710 SF

      Warehouse and Office Complex

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      28,710 SF

      Warehouse and Office Complex

      Warehouse and office complex with superb highway access.
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    • $449,000

      Medical Office Building with Parking

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      6,396 SF

      Medical Office Near United Regional

      Medical office space near hospital with recent renovations.
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    • New
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      6,396 SF

      Updated Medical Office Building

      Updated medical facility with renovated rooms, bathrooms, HVAC, roof, plus ample parking and expansion space.
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      5,000 SF

      Downtown Office Space Available

      5,000 SF office space in downtown Wichita Falls.
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    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
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    • Contact for pricing

      Warehouse and Office Complex

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

      Secure General Commercial Land

      General Commercial land with fenced gravel yard, office, and sign, offering highway access via a frontage road.
      231 Central Fwy E, 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
    View Listing
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    Wichita Falls, TX 76301
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    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.

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    1501 5Th St, Wichita Falls, TX, 76301
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