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    505 E 16Th St Wellington, KS 67152

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    For Sale
    $175,000

    Versatile two-unit commercial property with income and drive-thru.

    Property size:
    1,200 SF
    Lot size:
    0.45 Acres

    Property Features for 505 E 16Th St

    General Information

    Size
    1,200 SF
    Lot size
    0.45 Acres

    Source: Berkshire Hathaway PenFed Realty Agent Lisa Mayfield

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

    Overview

    Two-Unit Commercial Property For Sale

    This two-unit commercial property presents an opportunity for investment or owner-occupancy. Located off Wellington’s busiest intersection, the building offers visibility, accessibility, and parking. One unit is occupied by a long-term tenant, generating a monthly income of $1,200. The second, vacant unit, previously operated as a pharmacy and includes a drive-thru window. Each unit contains a private bathroom, a main area measuring 14x38, and a north room of 16x30 suitable for storage, production, office use, or expansion. The vacant unit is suitable for various businesses, including a boba shop, bakery, seamstress or alterations business, boutique office, or specialty retail. The property has a total size of 1200 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Sumner
    State
    Kansas
    Longitude
    -97.3932833
    Latitude
    37.2759846

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    FAQs

    What type of property is this?
    Office space - Versatile two-unit commercial property with income and drive-thru.
    Where is this office space located?
    The property is located at 505 E 16Th St Wellington, KS.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High-visibility location off Wellington's busiest intersection with ample parking; - Existing long-term tenant provides immediate income ($1,200/month); - Vacant unit includes a drive-thru window, suitable for various businesses
    (316) 351-8508
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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
    505 E 16Th St Wellington, KS 67152
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