Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5615 Kemp Blvd Wichita Falls, TX 76308-5237
    Property profile & analytics

    5615 Kemp Blvd Wichita Falls, TX 76308-5237

    View on Map
    • Flex space
    • 8,860 SF
    • 1.01 lot acres
    Off-Market
    Property ID
    US82-6685827
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Axis Construction / Construction Company

    Property Details for 5615 Kemp Blvd

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    1.01 lot acres
    Property size
    8,860 SF
    Property type
    Flex space
    APN
    4490 007 03
    APU
    449000703

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $815,000
      Current use
      RESTAURANT
      $850,000
      Change: +4% Conversion: Difficult
      MEDICAL BUILDING
      $800,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $775,000
      Change: -5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $745,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.5357
    Latitude
    33.8483
    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
    $6,840
    $21,998
    $333,155
    $355,153
    -
    $21,998
    $333,155
    $355,153

    Comparable in this City

    • Value Estimation
      $890,000
      9,576 SF

      2517 Hampstead Ln

      LIGHT INDUSTRIAL • 9,576 SF
      2517 Hampstead Ln, Wichita Falls, TX 76308
      View Details
    • Value Estimation by Request
      2,232 SF

      3300 Arthur St

      INDUSTRIAL (GENERAL) • 2,232 SF
      3300 Arthur St, Wichita Falls, TX 76308-1759
      View Details
    • Value Estimation by Request
      360 SF

      3305 Buchanan St

      WAREHOUSE, STORAGE • 360 SF
      3305 Buchanan St, Wichita Falls, TX 76308-1822
      View Details
    • Value Estimation by Request
      3,500 SF

      3201 Garfield St

      CONSTRUCTION/CONTRACTING SERVICES • 3,500 SF
      3201 Garfield St, Wichita Falls, TX 76308-1710
      View Details
    • Value Estimation
      $1,640,000
      11,570 SF

      2807 Kell Blvd

      MINI-WAREHOUSE, STORAGE • 11,570 SF
      2807 Kell Blvd, Wichita Falls, TX 76308
      View Details
    • Value Estimation by Request
      1,000 SF

      2707 Outlet Ave

      WAREHOUSE, STORAGE • 1,000 SF
      2707 Outlet Ave, Wichita Falls, TX 76308
      View Details

    Similar Nearby for Sale

    • $349,000
      11,231 SF

      Wichita Falls Church and Daycare

      Church with additional daycare building and ample parking.
      4403 Phillips Dr, Wichita Falls, TX 76308
      View Details
    • $159,900
      1,188 SF

      Wichita Falls Office Building

      Office building in high-traffic location suitable for small businesses.
      4704 K-Mart Dr, Wichita Falls, TX 76308
      View Details
    • Contact for pricing

      Commercial Lot in High Traffic

      Vacant commercial lot in a central, high-traffic location.
      4526 Fairway Blvd, Wichita Falls, TX 76308
      View Details
    • $158,800
      0.52 Acres

      Commercial Lot Near Southwest Parkway

      Commercial land for sale near Taft Boulevard and Southwest Parkway.
      5015 Taft Blvd, Wichita Falls, TX 76308
      View Details
    • $349,000
      Pending

      Church and Day Care Facility

      Church and former day care facility with classrooms and kitchen.
      4403 Phillips Dr, Wichita Falls, TX 76308
      View Details
    • $799,900
      2.23 Acres

      Prime Lot in Wichita Falls

      2.23 acre lot in high-traffic Wichita Falls location.
      3908 Call Field Rd, Wichita Falls, TX 76308
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $1,250 /Mo
      1,100 SF

      Prime Commercial Space on Main

      1100 sq ft commercial property on the busiest street.
      4410 Kemp Blvd, Wichita Falls, TX 76308
      View Details
    • $1,842 /Mo
      1,228 SF

      Wichita Falls Office Suite

      Office suite available for lease in Wichita Falls, Texas.
      4722 Taft Blvd, Wichita Falls, TX 76308
      View Details
    • Contact for pricing

      Southwest Parkway Pad Site Available

      Pad site for rent in growing Wichita Falls area.
      2211 Southwest Pkwy, Wichita Falls, TX 76308
      View Details
    • Contact for pricing

      Retail Center on Kemp Boulevard

      Retail center with fully furnished restaurant space available for lease.
      2805 Southwest Pkwy, Wichita Falls, TX 76308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5615 Kemp Blvd
    Wichita Falls, TX 76308-5237
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5615 Kemp Blvd, Wichita Falls, TX, 76308
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!