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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Office buildings
2608 Kemp Blvd, Wichita Falls, TX 76309-5351
Individually Owned
Absentee Owner
Free & Clear
Property ID
US82-6981839
Property summary
AI-generated overview
This exceptional 1,419 square-foot commercial property, located at 2608 Kemp Blvd, Suite D, Wichita Falls, TX, presents a fantastic leasing opportunity. Situated on the high-traffic corner of Kemp and Kell Streets, this space boasts unparalleled visibility and accessibility. The property is ideal for a variety of businesses, offering a flexible layout suitable for traditional or creative office uses. Amenities include shared bathroom and entryway facilities, along with convenient covered parking for employees. The rental rate is highly competitive at $1.50 per square foot per month, making this an affordable option for businesses seeking a prime location. A minimum three-year lease is required. This single-tenant space offers a blend of functionality and prime location, making it an excellent choice for businesses looking to thrive in Wichita Falls. The property's strategic placement ensures high visibility and easy access for clients and employees alike. Don't miss this chance to secure a thriving location for your business in a bustling area of Wichita Falls.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
STEEL FRAME
Total area
7,187 SF
Lot
0.6 ac (26,206 SF)
APN
1440 272 00
UPID
US82-6981839
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
-
Tim Short - State Farm Insurance Agent Insurance Agency
-
Swanner Properties Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$835k
Owner & transaction history
ROGER E SWANNER
ROGER E SWANNER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,095,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: -11% · Conversion: Easy
AUTO REPAIR, GARAGE
$965,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,932
Tax year 2023
Assessed value
$420,000
Assessed 2024
Previous assessed
$420,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$219,598
Assessed improvement
$200,402
Land market value
$219,598
Improvement market value
$200,402
Total market value
$420,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Units
1
Total area
7,187 SF
Lot
0.6 ac (26,206 SF)
APN
1440 272 00
UPID
US82-6981839
Jurisdiction
WICHITA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$965,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
ROGER E SWANNER
Individual
Free & Clear · 0 yrs held
Mailing address
3501 COPPERAS CV, WICHITA FALLS, TX 76310-1121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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