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    3117 E 13Th St N Wichita, KS 67214

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    For Sale
    Contact for pricing

    COMMERCIAL - Wichita, KS

    Lot size:
    0.35 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 28 at 3:06 pm

    Property Features for 3117 E 13Th St N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Limited Comm
    APN
    125-15-0-11-01-002.00
    Parking features
    Parking Lot
    Lot size
    0.35 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Electric, Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1952
    Flooring type
    Tile, Carpet
    Building materials
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Brittney Brouillard

    McCurdy Auction, LLC (316) 683-0612

    Listing agent Brittney Brouillard (316) 867-3600

    Listing date Jan 28, 2026

    MLS# 667534

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Strip in Southeast Wichita

    This four-unit retail strip is located in Southeast Wichita, situated on the corner of Hillside and 13th Street, offering excellent visibility and high traffic counts. The property is a short drive from Wichita State University and within ten minutes of major business and entertainment hubs including Bradley Fair, Waterfront, Riverside, and Koch Industries. Quick access to I-35 enhances the location. Zoned LC - Limited Commercial, the property offers possibilities for redevelopment. All units feature storefront windows facing 13th Street. Unit 3115 is currently leased to OG Barber Shop on a month-to-month basis for $1,000 per month. This unit offers a large open layout with tile flooring, six barber stations, and a restroom. Unit 3117 is leased to Valincia's Liquor, Wine & Beer for $1,000 a month and includes two enclosed selling windows, storage space, and a restroom. Unit 3119 is currently vacant, featuring a large open area, storage/office space, and a restroom. Unit 3121 is also vacant and offers a large open space. Tenants pay utilities. The property has a daily traffic count of approximately 20,000. The zoning is reported as LC - Limited Commercial District, with a Sedgwick County Property Class of Commercial & Industrial. A small portion of the premises are currently utilized as private living quarters and will be delivered fully vacated and accessible at the time of closing. The lot size is 0.35 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valincia's 13th St. ... Convenience Store Valincia's 13th St. ... Liquor Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.29947
    Latitude
    37.708022

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    FAQs

    What type of property is this?
    Strip mall - Four-unit retail strip with high visibility and redevelopment potential.
    Where is this strip mall located?
    The property is located at 3117 E 13Th St N Wichita, KS.
    What are key features of this property?
    This property features: - Prime corner location at Hillside and 13th Street with excellent visibility and high traffic counts (approximately 20,000 daily).; - Four-unit retail strip with income potential from existing tenants (OG Barber Shop and Valincia's Liquor, Wine & Beer).; - Two vacant units offer immediate opportunity to select new tenants and increase revenue.
    (316) 867-3600
    Request Owner's contact information
    3117 E 13Th St N Wichita, KS 67214
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    Wichita, KS 67214
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3117 E 13Th St N Wichita, KS 67214
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    We can help!
    Listing Contact
    Brittney Brouillard
    (316) 867-3600
    Learn more
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