Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    230 S Laura St Wichita, KS 67211

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,250 /Mo ($1.67 SF/Yr)

    Office space for lease with door-side parking and easy access.

    Property size:
    8,960 SF
    Lot size:
    8,960 SF

    Property Features for 230 S Laura St

    General Information

    Size
    8,960 SF

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Ryan Hubbard
    Source: Naiglobal

    Listing Agent: Ryan Hubbard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Centrally Located Office Space

    Office space is available for lease in a central location near Douglas and Washington. The ground floor office suites feature door-side parking. The property is located between English and Waterman on Laura Street in Downtown Wichita, in the Hyde Park area. Several restaurants and stores are within walking distance. Access to Kellogg/US 54 is nearby via Washington Avenue. The available space is 1,215 square feet. The lease rate is $1,250 per month, full service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dudley Williams & Associates, ... Structural Engineer Kansas Construction News ... Construction Company Accurate Sleep Sleep Clinic Wichita Ecom E Commerce Agency Ember-AV Computer Security Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.323345
    Latitude
    37.683472

    Nearby Similar for Lease

    • $1,500 /Mo
      26,572 SF

      Wichita Office Space For Rent

      Professional office space in Southeast Wichita with included amenities.
      1822 S Longfellow Cir, Wichita, KS 67207
      View Details
    • $1,100 /Mo
      14,810 SF

      Retail Space in Wichita, KS

      Retail space for rent with high traffic and office.
      608 S Oliver Ave, Wichita, KS 67218
      View Details
    • $26,250
      201,065 SF

      Wichita Office/Warehouse/Manufacturing Facility For Lease

      70,000 SF facility with office, warehouse, and manufacturing space.
      Wichita, KS 67226
      View Details
    • $26,250
      201,065 SF

      Wichita Industrial Facility For Lease

      70,000 SF office/warehouse/manufacturing facility with K-96 access.
      8909 E 35Th St North, Wichita, KS 67226
      View Details
    • $10 SF/Yr
      49,862 SF

      Move-in Ready Call Center Facility

      Equipped call center with workstations, infrastructure, and ample parking.
      7236 E Harry Ct, Wichita, KS 67207
      View Details
    • $13 SF/Yr
      22,182 SF

      Wichita Retail Space For Lease

      22,182 SF retail space in a power center.
      6920-6930 W Kellogg Dr, Wichita, KS 67209
      View Details
    • $14 SF/Yr
      20,000 SF

      Downtown Wichita Commercial Space Available

      Versatile 20,000 SF commercial space in downtown Wichita.
      410 N Saint Francis Ave, Wichita, KS 67202
      View Details
    • $29 SF/Yr
      10,816 SF

      Co-working Space with Premium Amenities

      Flexible co-working spaces with premium amenities near Towne East.
      121 S Whittier St, Wichita, KS 67207
      View Details
    • $11 SF/Yr
      18,160 SF

      Retail Suites Near Pawnee & Broadway

      Retail suites available with high visibility and ample parking.
      2570 S Broadway St, Wichita, KS 67216
      View Details
    • $21 SF/Yr
      184,570 SF

      Class A Office Building

      Premium riverfront office building with high-quality amenities and connectivity.
      245 N Waco St, Wichita, KS 67202
      View Details
    • $5 SF/Yr
      96,000 SF

      Wichita Warehouse with Office Space

      20,160 SF warehouse with 3,500 SF customizable office space.
      4727 S Emporia St, Wichita, KS 67216
      View Details
    • $10 SF/Yr
      10,032 SF

      Wichita Office/Warehouse with Highway Access

      Freestanding 10,032 SF office/warehouse with highway access and quality finishes.
      9103 E 37Th St N, Wichita, KS 67226
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease with door-side parking and easy access.
    Where is this office space located?
    The property is located at 230 S Laura St Wichita, KS.
    What is the lease rate?
    The lease rate is $1.67 SF/Yr.
    What are key features of this property?
    This property features: - Centrally located office space in Downtown Wichita; - Door-side parking available; - Lease rate: $1,250/month, full service
    (316) 990-2994
    Request Owner's contact information
    230 S Laura St Wichita, KS 67211
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    230 S Laura St
    Wichita, KS 67211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    230 S Laura St Wichita, KS 67211
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Hubbard
    (316) 990-2994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.