Showroom/Warehouse/Shop Space For
157 S Washington St. Wichita, KS 67202
For Sale
Contact for pricing
6,500 SF showroom/warehouse/shop space in Wichita, Kansas.
Property Size6,500 SF
Lot Size0.28 Acres
Price / SF$100
Days on Market534
Property Features for 157 S Washington St.
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.28 Acres
Property subtype
Industrial, Retail
Listing Agency:
NAI Martens
(316) 847-4908
Listed By:
Grant Glasgow · License #KS SP00220353
Source:
Crexi
Added: Feb 10, 2025
Changed: Jul 6
Last Checked: Jul 27 at 3:17PM
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.
This 6,500 square foot property is configured with 1,760 square feet of office/showroom space and 4,740 square feet of shop/warehouse area. The property is zoned CBD and is situated on a 12,292 square foot lot. It can be used as a showroom, warehouse, or shop.
Key Highlights
- 6,500 SF Showroom/Warehouse/Shop Space
- Includes 1,760 SF Office/Showroom
- Features 4,740 SF Shop/Warehouse
Financial Insights For Warehouse
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 | $68.6k | $10.56 |
| − Vacancy | −$3.1k | −$0.48 |
| EGI | $65.6k | $10.08 |
| − OpEx | −$9.8k | −$1.51 |
| NOI | $55.7k | $8.57 |
6,500 SF · lease $10.56/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$949.2K
$830.6K – $1.11M
NOI $66,445 @ 7.0% cap · market cap 10.22%
Second Best
Warehouse
$796.0K
$696.5K – $928.7K
NOI $55,719 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,659 @ 7.0% cap · market cap 17.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- The Kitchen — 725 E Douglas Ave, Wichita, KS 67202
- Aramark Correctional Services — 401 S Emporia St, Wichita, KS 67202
- Corporate Caterers of Wichita — 135 N Waco Ave, Wichita, KS 67202
- Smokin' Diner Food Truck — Wichita, KS 67202
Frequently Asked Questions
What type of property is this?
Flex space - 6,500 SF showroom/warehouse/shop space in Wichita, Kansas.
Where is this flex space located?
The property is located at 157 S Washington St. Wichita, KS.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6,500 SF Showroom/Warehouse/Shop Space; Includes 1,760 SF Office/Showroom; Features 4,740 SF Shop/Warehouse
