Freestanding Building on High-Traffic
3213 N Toben Wichita, KS 67226
3213 N Toben, Wichita, KS, 67226
$1,065,000
For Sale
$1,065,000
6,648 SF freestanding building with excellent visibility and access.
Property Size6,648 SF
Price / SF$160.20
Days on Market146
Property Features for 3213 N Toben
General Information
- Standard status
- Active
- Size
- 6,648 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
NAI Martens
(316) 847-4904
Listed by
Troy Farha · License #SP00218666
Source
Naimartens
Added: Feb 25 Updated: Jul 10 at 3:56PM Checked: Jul 10 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Martens
Investment Insights
Based on property information with market context.
This 6,648 square foot freestanding building is suitable for a restaurant or medical office. The property benefits from visibility and access from K-96, and includes building, monument, and pole signage on both K-96 and Webb Road. The location is near restaurants, retailers, medical facilities, and hotels. The 2024 taxes are $24,196.62. The property is currently tenant-occupied; contact the broker to schedule showings.
Key Highlights
- Excellent visibility and access from K‑96 highway.
- Prime location suitable for restaurant or medical office.
- 6,648 SF freestanding building.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.2k | $20.04 |
| − Vacancy | −$26.0k | −$3.91 |
| EGI | $107.2k | $16.13 |
| − OpEx | −$26.8k | −$4.03 |
| NOI | $80.4k | $12.10 |
6,648 SF · lease $20.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,435 @ 7.0% cap · market cap 7.55%
Second Best
Specialty Retail
$1.13M
$987.7K – $1.32M
NOI $79,014 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,225 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Los Compadres Mexican ...
Restaurant
Wham! Bam! Burrito!
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - 6,648 SF freestanding building with excellent visibility and access.
Where is this restaurant located?
The property is located at 3213 N Toben Wichita, KS.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: Excellent visibility and access from K‑96 highway.; Prime location suitable for restaurant or medical office.; 6,648 SF freestanding building.
