Wichita Falls Market Report
Wichita Falls commercial real estate market report — 884,200 SF tracked across 6 buildings, 11 sale comparables, 31 lease comparables and 8 loans with 1 maturing before 2029.
Fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Multi-Family | 2 | 447,700 | 6.0% | $25.64 | -0.8% | 5.99% | $482 |
| Industrial | 1 | 284,900 | 40.4% | $9.98 | 2.2% | 7.20% | $200 |
| Medical | 1 | 71,700 | 0.0% | $39.38 | 1.6% | 6.45% | $129 |
| Office | 1 | 27,000 | 0.0% | $19.88 | 0.8% | 5.65% | $257 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2025-09-13 | 1641 Mesa St | Hospitality | $24.56M | $464.25 | 5.84% | Westbrook Equities |
| 2025-08-26 | 1641 Mesa St | Hospitality | $22.22M | $420.02 | 5.83% | Northstar REIT |
| 2024-10-14 | 2030 Stone Oak Pkwy | Industrial | $42.71M | $149.92 | 9.00% | Uplands Realty |
| 2024-07-09 | 3018 Stone Oak Pkwy | Office | $5.38M | $199.41 | 6.28% | Kestrel Investment Group |
| 2024-01-22 | 1810 N Loop 1604 | Multi-Family | $23.89M | $164.76 | 6.91% | Ironwood Capital Partners |
| 2023-11-25 | 3018 Stone Oak Pkwy | Office | $6.72M | $249.04 | 4.78% | Lone Star Property Trust |
| 2023-04-15 | 3018 Stone Oak Pkwy | Office | $4.32M | $160.00 | 7.45% | Pemberton Capital |
| 2021-08-25 | 2030 Stone Oak Pkwy | Industrial | $11.89M | $41.74 | 7.93% | Greystone Holdings |
| 2020-08-05 | 1810 N Loop 1604 | Multi-Family | $29.7M | $204.84 | 7.47% | Cascade Realty Trust |
| 2019-10-01 | 2030 Stone Oak Pkwy | Industrial | $18.23M | $63.99 | 7.23% | Yellowstone Property Fund |
| 2017-09-22 | 1641 Mesa St | Hospitality | $2.69M | $50.95 | 5.51% | Ironwood Capital Partners |
Debt and rollover exposure
8 loans totalling $205.01M are tracked against Wichita Falls assets. 1 of them, representing $33.41M, mature before January 2029. Separately, 15 tracked leases covering 91,310 SF expire in the same window.
Weighted average coupon on tracked Wichita Falls debt is 5.58% with average loan-to-value of 58.0%. See how to read a maturity schedule for the refinancing-gap method.
6 commercial properties are tracked in Wichita Falls, representing 884,200 SF of rentable building area, of which 147,300 SF is currently marketed as available.
Asking rents average $25.59 per square foot per year, the median marketed suite is 13,900 SF, and listings have been on market a median of 515 days.
The stock splits 2 Class A, 3 Class B, 1 Class C, with construction dates from 1937 to 1985 (median 1955).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for Wichita Falls and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.