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    528 N Oliver St Wichita, KS 67218

    For Sale
    $1,000,000

    East Wichita restaurant for sale with long-term absolute net lease.

    Property size:
    2,369 SF
    Lot size:
    0.80 Acres

    Property Features for 528 N Oliver St

    General Information

    Size
    2,369 SF
    Lot size
    0.80 Acres

    Source: Landmark Commercial Real Estate Agent Bradley R. Saville, CCIM

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

    Overview

    East Wichita Restaurant Investment Opportunity

    This 2,369 square foot restaurant, built in 2008, is situated on a 0.379-acre lot along one of Wichita's busiest east-side corridors. The property is located at a well-known intersection connecting College Hill, Crown Heights, Wesley Hospital, and Wichita State University. The area is characterized by local energy, anchored by national quick-service restaurant brands, neighborhood eateries, and small-business staples such as auto shops and retail service centers. The location benefits from a steady stream of local commuters, placing businesses in a high-traffic area. The property features a prominent sign with a digital LED message board, visible from Oliver and Central Ave. The zoning is LC. The lease commenced on 07/01/2008 and expires on 06/30/2028. The lease type is absolute net with a base rent of $94,925 and a cap rate of 9.5%.
    Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.279902
    Latitude
    37.677965

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    FAQs

    What type of property is this?
    Drive through restaurant - East Wichita restaurant for sale with long-term absolute net lease.
    Where is this drive through restaurant located?
    The property is located at 528 N Oliver St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - 9.5% Cap Rate; - Absolute Net Lease; - Lease Expiration: 06/30/2028
    (316) 990-8979
    Request Owner's contact information
    528 N 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
    528 N Oliver St Wichita, KS 67218
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