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    FOR SALE
    Office buildings

    5800 W Kell Blvd, Wichita Falls, TX 76310

    13,224 SF 1.27 ac lot Built 2000
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-7040281
    No photos on file
    For Sale
    $1,990,000 13,224 SF
    5800 W Kell Blvd, Wichita Falls, TX 76310
    View Listing →
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2000
    Construction STEEL FRAME
    Total area 13,224 SF
    Lot 1.27 ac (55,535 SF)
    APN 2299 002 00
    UPID US82-7040281
    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
    • Texas Retina Associates Ophthalmologist
    • Railroad Commission of Texas State Government Office
    • Vanya Wagler, DO Physician
    • Dr. Wayne A. Solley, MD Ophthalmologist
    • Spencer William B MD Ophthalmologist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.67M
    Comparable Approach Comparable
    $2.37M
    Blend (final) Blend
    $2.52M
    Owner & transaction history
    Ayuh LLC · 7 yrs held
    Ayuh LLC
    since 2019
    5 recorded transactions
    2019
    2018
    2017
    2008
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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