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

    3601 W Harry St Wichita, KS 67213

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Fully leased investment property with strong income and convenient location.

    Property size:
    12,800 SF

    Property Features for 3601 W Harry St

    General Information

    Size
    12,800 SF

    We can help!

    Listing Contact
    Patrick Ahern, SIOR, CCIM
    Source: Naiglobal

    Listing Agent: Patrick Ahern, SIOR, CCIM

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

    Learn more

    Overview

    Fully Leased Investment Opportunity

    This fully leased investment opportunity features eight bays, each spanning 1,600 square feet, providing a total of 12,800 square feet of income-generating space. The property has a net operating income (NOI) of $79,162.26 and an 8.33% cap rate. The location near West Street provides easy access to major highways, including Kellogg (US 54/400) and K-42. The property features doorside parking and easy truck access.
    Location Intelligence

    Current Use by Public Records

    Pledge-drive.net Association / Organization Wendy's Fast Food Restaurant Icee Co Dessert Shop Air Source Heating ... Hvac Contractor Zerorez Wichita Carpet Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store 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
    -97.3847077
    Latitude
    37.6652979

    Nearby Similar for Sale

    • New
      Contact for pricing
      0.35 Acres

      Retail Strip in Southeast Wichita

      Four-unit retail strip with high visibility and redevelopment potential.
      3117 E 13Th St N, Wichita, KS 67214
      View Details
    • $622,000
      5,317 SF

      Wichita Airbnb Investment Portfolio

      Turnkey investment portfolio in Wichita's Central Business District.
      223 N Mathewson Ave, Wichita, KS 67214
      View Details
    • $479,800
      2,960 SF

      New Duplexes in Growing Community

      New duplexes with modern amenities in a convenient Wichita location.
      3682 N Azalea St, Wichita, KS 67223
      View Details
    • $149,900
      1,772 SF

      Updated Duplex in SW Wichita

      Well-maintained duplex with modern updates, new roof, and ample parking.
      1006 S Water St, Wichita, KS 67213
      View Details
    • Contact for pricing
      0.16 Acres

      Wichita Commercial Property For Sale

      Commercial property with high traffic exposure and income potential.
      212 W Harry St, Wichita, KS 67213
      View Details
    • New
      Contact for pricing
      2,303 SF

      Riverfront Triplex Investment Opportunity

      Triplex with three 1-bedroom units, immediate cash flow potential.
      1339 S Palisade St, Wichita, KS 67213
      View Details
    • $325,000
      3,840 SF

      West Wichita Duplex: Investment Opportunity

      Well-maintained duplex in West Wichita near shopping, dining, and entertainment.
      9323 W 16Th St N, Wichita, KS 67212
      View Details
    • $379,800
      Pending

      New Duplex with Modern Amenities

      New duplex featuring modern amenities, zero entry, and fenced yard.
      12717 W Cowboy St, Wichita, KS 67235
      View Details
    • $379,800
      2,390 SF

      New Duplex with Modern Features

      New duplex featuring modern amenities, zero entry, and fenced yard.
      12705 W Cowboy St, Wichita, KS 67235
      View Details
    • $379,800
      2,390 SF

      New Duplex with Modern Amenities

      New duplex featuring modern amenities, zero entry, and fenced yard.
      12711 W Cowboy St, Wichita, KS 67235
      View Details
    • New
      $120,000
      1,300 SF

      Wichita Duplex: Investment Opportunity

      Well-maintained Wichita duplex with two 1-bedroom, 1-bathroom units.
      1421 S Main St, Wichita, KS 67213
      View Details
    • $324,900
      0.34 Acres

      Mixed-Use Investment Opportunity in Wichita

      Seven-unit property with retail and residential potential in Wichita.
      220-224 W Harry St, Wichita, KS 67213
      View Details

    FAQs

    What type of property is this?
    Flex space - Fully leased investment property with strong income and convenient location.
    Where is this flex space located?
    The property is located at 3601 W Harry St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High Income Potential: Net Operating Income (NOI) of $79,162.26 and Pro Forma NOI of $96,873.22.; - Attractive Cap Rate: 8.33% current cap rate, indicating strong return on investment.; - Fully Leased Investment: Provides immediate and consistent cash flow.
    (316) 847-4914
    Request Owner's contact information
    3601 W Harry St Wichita, KS 67213
    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.
    3601 W Harry St
    Wichita, KS 67213
    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
    3601 W Harry St Wichita, KS 67213
    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
    Patrick Ahern, SIOR, CCIM
    (316) 847-4914
    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.