5800 Kell Blvd Wichita Falls, TX 76310
Property profile & analytics
5800 Kell Blvd Wichita Falls, TX 76310
- Office buildings
- 13,224 SF
- 1.27 lot acres
Property ID
US82-7040281
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.
Location Intelligence
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
based on Realmo’s proprietary methodology
-
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 estimation — 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
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
$32,934
$217,696
$1,426,390
$1,644,086
-
$217,696
$1,426,390
$1,644,086
