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    847-859 S Oliver St Wichita, KS 67218

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    For Sale
    $550,000

    Easily managed retail investment property with long-term tenants.

    Lot size:
    0.55 Acres

    Property Features for 847-859 S Oliver St

    General Information

    Lot size
    0.55 Acres

    Source: J.P. Weigand & Sons, Inc. Agent Randy Johnston

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

    Overview

    Retail Investment Property For Sale

    This retail investment property offers an easily managed opportunity for investors. The property benefits from high visibility at a signalized, high-traffic intersection. Tenants are responsible for covering gas, electric, water/sewer, and trash expenses. The property has a history of high occupancy. Two long-term tenants, each with over 15 years of occupancy, provide a stable cash flow.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.281638
    Latitude
    37.667474

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    FAQs

    What type of property is this?
    Retail space - Easily managed retail investment property with long-term tenants.
    Where is this retail space located?
    The property is located at 847-859 S Oliver St Wichita, KS.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Stable cash flow from two long-term tenants (over 15 years occupancy).; - Outstanding history of very high occupancy.; - Great visibility on a signalized high-traffic intersection.
    (316) 292-3913
    Request Owner's contact information
    847-859 S Oliver St Wichita, KS 67218
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    Wichita, KS 67218
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    Realmo Value Estimation

    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.

    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.

    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
    847-859 S Oliver St Wichita, KS 67218
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