Retail Center with Lease-Up
10646 W Central Ave Wichita, KS 67212
For Sale
Contact for pricing
Retail center with 2,575 SF available, and 37,285 VPD traffic count supporting strong local retail exposure.
Property Size7,930 SF
Price / SF$163.93
Days on Market201
Property Features for 10646 W Central Ave
General Information
- Standard status
- Active
- Size
- 7,930 SF
- Property subtype
- RETAIL
Listing Agency:
NAI Martens
(316) 253-0660
Listed By:
Patrick Ahern · License #SP00052327
(316) 253-0660
Source:
Moodyscre
Added: Jan 6
Changed: Jul 25
Last Checked: Jul 26 at 12:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Martens
Investment Insights
Based on property information with market context.
The property is a 7,930 SF retail center with 66% occupancy, offering 2,575 SF currently available for lease-up or an owner-occupant use. Rent roll information is available upon request.
The center is located at 10646 W Central Ave in Wichita, KS 67212, with listed traffic counts of 37,285 vehicles per day.
For sale, this setup provides an existing occupied component alongside meaningful available space to support leasing or owner-occupancy plans.
The center is located at 10646 W Central Ave in Wichita, KS 67212, with listed traffic counts of 37,285 vehicles per day.
For sale, this setup provides an existing occupied component alongside meaningful available space to support leasing or owner-occupancy plans.
Key Highlights
- 7,930 SF retail center with 2,575 SF currently available for lease‑up or owner occupancy
- 66% occupied retail center with rent roll available upon request
- Traffic counts of 37,285 VPD for strong local retail exposure
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.5k | $16.20 |
| − Vacancy | −$10.5k | −$1.33 |
| EGI | $117.9k | $14.87 |
| − OpEx | −$35.4k | −$4.46 |
| NOI | $82.6k | $10.41 |
7,930 SF · lease $16.20/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,552 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,120 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Xtreme Tanning Central ...
Tanning Salon
360 Tobacco&Vape Maize
(Bike/Boat/Book/etc) Store
With Love and Company ...
Hair Salon
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Dillon Food Stores, 10515 W. Central & Maize, Wichita, KS 67212
FAQs
What type of property is this?
Shopping center - Retail center with 2,575 SF available, and 37,285 VPD traffic count supporting strong local retail exposure.
Where is this shopping center located?
The property is located at 10646 W Central Ave Wichita, KS.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,930 SF retail center with 2,575 SF currently available for lease‑up or owner occupancy; 66% occupied retail center with rent roll available upon request; Traffic counts of 37,285 VPD for strong local retail exposure
