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Property profile & analytics
OFF-MARKET Estimated value $555,000
Medical Office Space

1601 9th St Wichita Falls, TX 76301-4304

10,805 SF 1.1 ac lot Built 1982
Entity Owned Absentee Owner Free & Clear
Property ID
US82-6079446
Property summary
AI-generated overview

This exceptional 10,805 square foot office building presents a compelling investment opportunity in Wichita Falls, Texas' thriving medical district. Located at 1601 9th Street, 76301, this single-story property sits on a 1.102-acre lot and offers a flexible layout ideal for various medical or commercial uses. Built in 1982 by Erdman, renowned healthcare facility specialists, the building features non-load bearing walls, allowing for easy interior reconfiguration to meet specific needs. The property boasts numerous professional offices, exam rooms, storage rooms, and a break room with a kitchen. Two front entrances, each with its own reception area, offer the potential for a third entrance. Ample covered staff parking with four private entrances ensures convenience and privacy. Its proximity to United Regional Hospital is a significant advantage. The asking price is $2,079,000, translating to $192.41 per square foot. This property is an exceptional opportunity for investors seeking a strong return in a high-demand location. The building's versatile design and prime location make it suitable for a wide range of medical and commercial tenants. The ample parking and convenient access further enhance its appeal. This is a rare chance to acquire a well-maintained, established property in a rapidly growing area.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction WOOD
Total area 10,805 SF
Lot 1.1 ac (47,999 SF)
Zoning code GC
APN 0030 719 00
UPID US82-6079446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Portmann Specialty Rehab Medical Clinic
  • Helen Farabee Centers - IDD Facility Crisis Center Medical Clinic
  • Dr. Gradie E Moore Physician
  • Bannon Ryan MD Physician
  • Hansen Kimberly A Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$741k
Blend (final) Blend
$555k
Owner & transaction history
1601 9TH VENTURE LLC
1601 9TH VENTURE LLC
Zoning & alternative use
GC · Wichita Falls, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450 GC-GENERAL COMMERCIAL DISTRICT Pt 3510 LI-LIGHT INDUSTRIAL DISTRICT Pt 3580 HI-HEAVY INDUSTRIAL DISTRICT Pt 3640 PUD-PLANNED UNIT DEVELOPMEN…

Zone name General Commercial
General category COMMERCIAL
Zone area 8,570.63 ac
Top alternative use upside
Retail stores $875,000 +10.3%
Industrial (general) $855,000 +8.0%
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