South Washington Warehouse For
For Sale
Contact for pricing
1302 S Washington Ave, Wichita, KS 67211
New shell construction with drive-thru doors and high visibility.
Property Size9,800 SF
Price / SF$101.53
Days on Market225
Property Features for 1302 S Washington Ave
General Information
Standard status
Active
Size
9,800 SF
Property subtype
Industrial
Zoning
General Commercial
Building Details
Year Built
2023
Buildings
1
Stories
1
Listing Agency:
ReeceNichols South Central Kansas
Listed By:
Bradley Tidemann · License #KS SP00050970
(316) 650-8853
Source:
Crexi
Added: Feb 26
Changed: Oct 6
Last Checked: Oct 7 at 11:02AM
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 ReeceNichols South Central Kansas
Investment Insights
Based on property information with market context.
This property features new shell construction and is available for purchase or lease. It offers high visibility and includes drive-thru doors. The office and restroom areas are build-to-suit. The location provides close proximity to major arterial roads via Washington and Lincoln.
Key Highlights
- New shell construction completed in 2023
- Great visibility for your business
- Equipped with drive‑thru doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,006
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,120
$1.7M
Cap Rate 7%
$1,200,086
$1.2M
Cap Rate 9%
$933,400
$933.4K
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$103.5K $10.56/SF
− Vacancy
−$4.7K −$0.48/SF
EGI
$98.8K $10.08/SF
− OpEx
−$14.8K −$1.51/SF
NOI
$84.0K $8.57/SF
Area
Wichita, KS
Vacancy
4.50%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,120
Cap Rate 7%
$1,200,086
Cap Rate 9%
$933,400
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,006 @ 7.0% cap · market cap 8.44%
Second Best
Industrial
$927.3K
$811.4K – $1.08M
NOI $64,909 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,856 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,554
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67211, KS
19,721
Population
9,568
Households
2.1
Avg Household Size
35
Median Age
14%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
3,867
Density / Sq Mi
$44,003
Median Household Income
$31,335
Median Earnings
$841
Median Rent
$99,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Self Storage — 811 N Broadway, Wichita, KS 67214
- Hall Steel & Fabrication Inc — 1221 E Murdock St, Wichita, KS 67214
- Cargill Inc — 1401 N Mosley St, Wichita, KS 67214
- Self-Storage at U-Haul — 1000 E 13th St N, Wichita, KS 67214
Frequently Asked Questions
What type of property is this?
Warehouse - New shell construction with drive-thru doors and high visibility.
Where is this warehouse located?
The property is located at 1302 S Washington Ave Wichita, KS.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: New shell construction completed in 2023; Great visibility for your business; Equipped with drive‑thru doors
