5800 W Kell Blvd, Wichita Falls, TX 76310
This exceptional 4,674-square-foot medical office space is situated within a single-story, 13,168-square-foot freestanding building located in the southwest area of Wichita Falls. The property, formerly occupied by Texas Retina Associates, boasts excellent visibility and is ideally positioned near Kell West Medical Hospital and Clinic, Texas Oncology, and the new Memorial super school, benefiting from its proximity to a major housing development area. The building, constructed in 2000 and renovated in 2015, features a total of 65 parking spaces and sits on 1.29 acres of land. Currently, 4,675 square feet are vacant, offering a significant opportunity for immediate occupancy following the existing lease's expiration on January 31, 2025. The space is suitable for medical or executive office use and is part of a multi-tenant building, with Texas Railroad Commission and North Texas Arthritis & Rheumatology as existing tenants. The lease terms are flexible, offering options for 3-10 year agreements. The base rent is $6,621.50 per month, plus a pro-rata share of triple net expenses, approximately $1,500 per month. The property is zoned GC and offers a maximum contiguous space of 4,674 square feet. Property taxes are $2.53 per square foot. This is a rare opportunity to secure a well-located, high-quality office space in a thriving area of Wichita Falls.
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Texas Retina Associates Ophthalmologist
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Railroad Commission of Texas State Government Office
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Vanya Wagler, DO Physician
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Dr. Wayne A. Solley, MD Ophthalmologist
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Spencer William B MD Ophthalmologist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.