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    3801 Call Fld Rd Wichita Falls, TX 76308-2681
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    Property profile & analytics

    3801 Call Fld Rd Wichita Falls, TX 76308-2681

    View on Map
    • Strip malls
    • 44,664 SF
    • 5.06 lot acres
    Off-Market
    Property ID
    US82-7269423
    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
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Medical Allergy Chiropractic / Alternative Medicine Practice
    • Chiropractor in Wichita Falls / Alternative Medicine Practice
    • Fantastic Sams Cut & Color / Hair Salon
    • Diamond Nail & Spa / Nail Salon
    • Palm Beach Tan / Tanning Salon

    Property Details for 3801 Call Fld Rd

    Year built
    1970
    Lot size
    5.06 lot acres
    Property size
    44,664 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0990 016 00
    APU
    99001600

    Description

    This 43,736 square foot shopping center in Wichita Falls, Texas, presents a compelling value-add opportunity. Located on Call Field Road, a major retail corridor, the property boasts eight tenants, currently operating at 69% occupancy, generating a NOI of $438,671 and a 6.62% cap rate. A pro-forma NOI of $696,493 and a 10% pro-forma cap rate highlight significant upside potential through leasing the remaining vacancies. Recent improvements include a new roof (November 2022) and brand new 10-year leases with Pet Supplies Plus and Japan House. All leases are triple-net, simplifying management. The property features superior visibility, ample parking, and benefits from proximity to major national retailers such as Walmart, Kohl's, Home Depot, and more. Built in 1970, this single-story building sits on a 5.06-acre lot. The asking price is $6,635,000, translating to a price per square foot of $151.71. This is an exceptional chance to acquire a well-located retail asset with strong potential for increased profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,158,000
      Market price range: $867k - $2.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5403
    Latitude
    33.8705
    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
    $58,671
    $880,912
    $1,505,088
    $2,386,000
    -
    $880,912
    $1,505,088
    $2,386,000

    Comparable in this City

    • Value Estimation
      $1,215,000
      46,766 SF

      2901 Kemp Blvd, Unit X

      SHOPPING CENTER, STRIP CENTER • 46,766 SF
      2901 Kemp Blvd, Wichita Falls, TX 76308
      View Details
    • Value Estimation
      $1,455,000
      56,698 SF

      2708 Swsw Pkwy

      SHOPPING CENTER, STRIP CENTER • 56,698 SF
      2708 Swsw Pkwy, Wichita Falls, TX 76308-3733
      View Details
    • Value Estimation
      $1,980,000
      73,728 SF

      3614 Call Fld Rd

      SHOPPING CENTER, STRIP CENTER • 73,728 SF
      3614 Call Fld Rd, Wichita Falls, TX 76308-2723
      View Details
    • Value Estimation
      $875,000
      40,000 SF

      3709 Gregory St

      SHOPPING CENTER, STRIP CENTER • 40,000 SF
      3709 Gregory St, Wichita Falls, TX 76308-1624
      View Details
    • Value Estimation by Request
      8,750 SF

      4708 K Mart Dr

      SHOPPING CENTER, STRIP CENTER • 8,750 SF
      4708 K Mart Dr, Wichita Falls, TX 76308-4534
      View Details
    • Value Estimation by Request
      7,137 SF

      3102 Kemp Blvd

      SHOPPING CENTER, STRIP CENTER • 7,137 SF
      3102 Kemp Blvd, Wichita Falls, TX 76308-1830
      View Details

    Similar Nearby for Sale

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    • $799,900
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      Prime Lot in Wichita Falls

      2.23 acre lot in high-traffic Wichita Falls location.
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      Commercial Land Near Shopping Centers

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    Similar Nearby for Lease

    • $1,250 /Mo
      1,100 SF

      Prime Commercial Space on Main

      1100 sq ft commercial property on the busiest street.
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      24,018 SF

      Prominent Retail Space Available

      24,018 SF retail space near Sikes Senter Mall.
      3712 Call Field Rd, Wichita Falls, TX 76308
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space in Wichita Falls

      Second generation retail spaces available for lease in Wichita Falls.
      3709 Gregory St, Wichita Falls, TX 76308
      View Details
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      Retail Center on Kemp Boulevard

      Retail center with fully furnished restaurant space available for lease.
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    • $1,250 /Mo
      1,260 SF

      Remodeled Retail Space on Rhea

      Remodeled retail space with frontage on Rhea Road in Wichita Falls.
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    • Contact for pricing
      8,093 SF

      Retail Space with Ample Parking

      Retail space in Wichita Falls retail corridor with parking.
      3701 Call Field Rd, Wichita Falls, TX 76308
      View Details
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    Wichita Falls, TX 76308-2681
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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.

    More about this property
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