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    Property profile & analytics

    3801 Kell Blvd Wichita Falls, TX 76308-1605

    • Outlet malls
    • 140,882 SF
    • 13.82 lot acres
    OFF-MARKET
    Value Estimations
    $3,465,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7309575
    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.

    Current Use by Public Records

    • Sam's Club Tire & Battery / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Sam's Club Bakery / Bakery / Specialty Food Shop
    • T-Mobile / Telecommunications Service / Data Center
    • Quality Licensing Corp. / Law Firm
    • Sam's Club Connection Center / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 3801 Kell Blvd

    Year built
    1992
    Construction
    STEEL FRAME
    Lot size
    13.82 lot acres
    Property size
    140,882 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    0386 016 00
    APU
    38601600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5428
    Latitude
    33.8783
    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
    $169,558
    $3,401,294
    $3,798,706
    $7,200,000
    -
    $3,401,294
    $3,798,706
    $7,200,000

    Comparable in this City

    • Value Estimation
      $5,535,000
      229,234 SF

      3130 Lawrence Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 229,234 SF
      3130 Lawrence Rd, Wichita Falls, TX 76308-1607
      View Details
    • Value Estimation
      $2,330,000
      101,338 SF

      4317 Kemp Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 101,338 SF
      4317 Kemp Blvd, Wichita Falls, TX 76308-3717
      View Details
    • Value Estimation
      $1,460,000
      13,428 SF

      2802 Swsw Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 13,428 SF
      2802 Swsw Pkwy, Wichita Falls, TX 76308
      View Details
    • Value Estimation
      $3,120,000
      136,111 SF

      3301 Kell Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 136,111 SF
      3301 Kell Blvd, Wichita Falls, TX 76308-1603
      View Details
    • Value Estimation
      $2,610,000
      95,214 SF

      3705 Kell Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 95,214 SF
      3705 Kell Blvd, Wichita Falls, TX 76308-1604
      View Details
    • Value Estimation
      $3,015,000
      30,098 SF

      4100 Kemp Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 30,098 SF
      4100 Kemp Blvd, Wichita Falls, TX 76308-2803
      View Details

    Similar Nearby for Sale

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      1.29 Acres

      Wichita Falls Church and Daycare

      Church and former daycare facility in Wichita Falls, Texas.
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      Office building in high-traffic location suitable for small businesses.
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      Commercial Lot in High Traffic

      Vacant commercial lot in a central, high-traffic location.
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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

      Land near high-traffic shopping centers and major retailers.
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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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      7,000 SF

      Retail Space in Wichita Falls

      Second generation retail spaces available for lease in Wichita Falls.
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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
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    • Contact for pricing

      Retail Center on Kemp Boulevard

      Retail center with fully furnished restaurant space available for lease.
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      Retail Space on Rhea Road

      Retail space with high traffic exposure and included utilities.
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    • Contact for pricing
      1,200 SF

      Retail Space Near Sikes Center

      Retail space available near Sikes Center mall.
      3916 Kemp Blvd, Wichita Falls, TX 76308
      View Details

    Property Visit Statistics

    • Visits by month
      45.2k
    • Visitors by month
      24.9k
    • Avg Time on site
      5 min
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    Wichita Falls, TX 76308-1605
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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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