Fully Leased Turnkey Bar &
For Sale
Contact for pricing
1110 W Harry St, Wichita, KS 67213
Fully leased 2,200 SF bar and grill with a full commercial kitchen and small outdoor patio in southcentral Wichita.
Property Size2,200 SF
Price / SF$106.82
Days on Market293
Property Features for 1110 W Harry St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Cap Rate
10.75%
Amenities
full commercial kitchen
small outside patio
Building Details
Tenancy
Single
Listing Agency:
J.P. Weigand & Sons, Inc.
(913) 707-8992
Listed By:
Matthew McClure · License #00246245
(913) 707-8992
Source:
Moodyscre
Added: Oct 23, 2025
Changed: Jul 30
Last Checked: Jul 30 at 7:03AM
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 J.P. Weigand & Sons, Inc.
Investment Insights
Based on property information with market context.
Fully leased turnkey bar & grill offering a complete operating setup in place for the right buyer. The 2,200 SF space includes a full commercial kitchen plus TVs, tables, chairs, and stools. A small outside patio supports additional guest seating.
Located at 1110 W Harry St in southcentral Wichita, the property is presented as having steady traffic, with the tenant in place.
The unit is designed for ongoing food and beverage service with the included kitchen and guest amenities already built into the purchase package.
Located at 1110 W Harry St in southcentral Wichita, the property is presented as having steady traffic, with the tenant in place.
The unit is designed for ongoing food and beverage service with the included kitchen and guest amenities already built into the purchase package.
Key Highlights
- 10.75% cap rate
- Fully leased tenant in place
- 2,200 SF bar & grill
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,571
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,420
$291.4K
Cap Rate 7%
$208,157
$208.2K
Cap Rate 9%
$161,900
$161.9K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$21.9K $9.96/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$20.8K $9.46/SF
− OpEx
−$6.2K −$2.84/SF
NOI
$14.6K $6.62/SF
Area
Wichita, KS
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,420
Cap Rate 7%
$208,157
Cap Rate 9%
$161,900
Alternative Uses
Best Use
Specialty Retail
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 11.13%
Second Best
Industrial
$208.2K
$182.1K – $242.9K
NOI $14,571 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$544.7K
$476.6K – $635.5K
NOI $38,131 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 51%
Shops & Services 49%
Conoco
Shops & Services
2,000 visits/mo
0.1 miles
Grainger
Home Improvements & Furnishings
1,501 visits/mo
0.4 miles
Fastenal
Home Improvements & Furnishings
323 visits/mo
0.3 miles
Diamond Vogel
Home Improvements & Furnishings
229 visits/mo
0.2 miles
Demographics for 67213, KS
21,007
Population
9,788
Households
2.1
Avg Household Size
34
Median Age
13%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
3,183
Density / Sq Mi
$48,015
Median Household Income
$32,186
Median Earnings
$920
Median Rent
$80,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully leased 2,200 SF bar and grill with a full commercial kitchen and small outdoor patio in southcentral Wichita.
Where is this bar & pub located?
The property is located at 1110 W Harry St Wichita, KS.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 10.75% cap rate; Fully leased tenant in place; 2,200 SF bar & grill
