5800 Kell Blvd Wichita Falls, TX 76310-1615
- Office buildings
- 13,224 SF
- 1.27 lot acres
Current Use by 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
Property Details for 5800 Kell Blvd
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 1.27 lot acres
- Property size
- 13,224 SF
- Property type
- Office buildings
- APN
- 2299 002 00
- APU
- 229900200
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,890,000
- 6.5%
- $2,665,000
- 7%
- $2,475,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,372,000
Market price range: $837k - $3.83M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Longitude
- -98.5837
- Latitude
- 33.8727
- CBSA code
- 48660
- CBSA name
- WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA