Add Listing
    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

    1531 S Broadway Ave Wichita, KS 67211

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,000 /Mo

    Flex building for lease, suitable for office, warehouse, retail.

    Building Details

    Year built
    2002

    We can help!

    Listing Contact
    Ryan Hubbard
    Ryan Hubbard
    Source: Naimartens

    Listing Agency: NAI Martens Listing Agent: Ryan Hubbard

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

    Learn more

    Overview

    Free Standing Flex Building

    This free-standing flex building is available for lease and suitable for office, warehouse, retail, or service uses. The 3,584 square foot building sits on a 0.41-acre lot and is fully climate controlled. It features three grade-level overhead garage doors with a drive-through configuration: one measuring 12'x12' and two measuring 14'x14'. The property also includes fenced yard space and prominent street signage. The location is highly visible and centrally located with easy nearby highway access via Broadway and US-400. The zoning is General Commercial, making it suitable for a variety of business types.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3176
    Latitude
    37.6672

    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
    • Sponsored
      Contact for pricing

      Grand Hotel at Union Station

      Workspaces, services and support to help you work better in Woodfield Preserve
      801 Douglas Ave, Wichita, KS 67202
      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
    • $14 SF/Yr
      8,917 SF

      Northeast Wichita Office Space

      Office space for lease in northeast Wichita near retail.
      7015 E Central Ave, Wichita, KS 67206
      View Details
    • $3,900 /Mo

      Retail Space in Delano District

      Retail space with high visibility in a vibrant, historic district.
      1001 W Douglas Ave, Wichita, KS 67213
      View Details
    • $2,450 /Mo

      Move-in Ready Office Suite

      Efficient office suite with workstations, private offices, and parking.
      11021 East 26Th St North, Wichita, KS 67226
      View Details
    • $795 /Mo

      Historic Delano District Office Suite

      Renovated office suite in a historic, high-visibility location.
      930 W Douglas Ave, Wichita, KS 67203
      View Details
    • $750 /Mo

      East Kellogg Retail/Office Space

      Prime retail or office space with excellent visibility and access.
      6701 East Kellogg Dr, Wichita, KS 67207
      View Details
    • $5,500 /Mo

      Turnkey Restaurant with Drive-Thru

      High-traffic restaurant space with drive-thru, seating, and equipment.
      1140 S Rock Rd, Wichita, KS 67207
      View Details
    • $3,900 /Mo

      Retail Space in Delano District

      Retail space with high ceilings and street visibility in Wichita.
      1001 W Douglas Ave, Wichita, KS 67213
      View Details
    • $2,450 /Mo

      Move-in Ready Office Suite Available

      Efficient office suite with workstations, private offices, and parking.
      11021 East 26Th St North, Wichita, KS 67226
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex building for lease, suitable for office, warehouse, retail.
    Where is this flex space located?
    The property is located at 1531 S Broadway Ave Wichita, KS.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: - Free-standing flex building suitable for office, warehouse, retail, or service uses.; - Three overhead garage doors with drive-through configuration, including one 12'x12' and two 14' x 14'.; - Fully climate controlled.
    (316) 990-2994
    Request Owner's contact information
    1531 S Broadway Ave 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.
    1531 S Broadway Ave
    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
    1531 S Broadway Ave 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
    Ryan Hubbard
    Real Estate License ID: SP00237327
    (316) 990-2994 (316) 613-2448 (316) 262-0000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!