3923 Kell BlvdWichita Falls, TX 76308

Property Details for 3923 Kell Blvd

Year built

1973

Construction

CONCRETE BLOCKS

Lot size

4.41 AC

Property size (Sq ft)

62,001 SF

Zone code

GC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1152 002 00

APU

115200200

Description

This exceptional 3,365-square-foot retail space is ideally situated in the vibrant Best Center/Big Lots Center in Wichita Falls, Texas, at 3923 Kell E Blvd, 76308. Currently vacant, this open retail space offers significant potential for a variety of businesses. The property is zoned GC and benefits from a prime location at the corner of Kell Fwy and McNiel Ave, providing excellent visibility and accessibility. The center boasts a shared parking lot with established national retailers including Big Lots, Conn's, Planet Fitness, and Harbor Freight Tools, ensuring high foot traffic and convenient customer parking. The space is perfect for a cell store or cash store, given its existing subtype. The lease terms include a base rent of $3,085 per month, plus approximately $885 per month in NNN expenses, totaling $3,940 per month. A free rent period is available, making this an attractive opportunity for immediate occupancy. This property presents a unique chance to establish a thriving business in a high-demand retail location with strong co-tenancy. The property's size and location make it an excellent investment opportunity for businesses seeking high visibility and convenient access for customers. Contact us today to learn more about this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $13,164,400

  6.5%

  $12,151,700

  7%

  $11,283,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,516,040

  Geo Method

  $7,758,360

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $23,483,700

  Mixed-Use / Specialty

  $12,194,600

  Hospitality / Lodging

  $9,059,020

  Office

  $12,211,900

  Institutional / Educational

  $12,708,300

  Residential Income

  $14,868,700

  Multifamily

  $17,354,800

  Automotive / Energy

  $10,892,800

  Parking / Income-Based Land

  $3,673,810

  Restaurant / Food Service

  $6,526,470

  Healthcare / Senior Housing

  $12,416,900

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.8777

Longitude

-98.5465

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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