Waterfront Office
13203 W 21st Ct. N, Wichita, KS 67235
For Sale
$1,375,000
Commercial Sale, Wichita, KS
Property Size5,252 SF
Lot Size0.54 Acres
Price / SF$261.81
Days on Market107
Property Features for 13203 W 21st Ct. N
General Information
Property type
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Zoning
Parking features
Subdivision
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Lot size
Additional Details
Tenant in Place
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Taxes and HOA fees
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Utilities
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Building Details
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Buildings
Listing Agency:
McCurdy Real Estate & Auction, LLC
(316) 867-3600
Listed By:
Braden McCurdy · License KS BR00052737
(316) 683-0612
Added: Jul 29
Changed: Nov 9
Last Checked: Nov 12 at 8:06AM
MLS# 677441
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,252+/- sq. ft. office building sits on a 0.54+/- acre parcel and was built in 2012. Its layout includes 7 office spaces, 2 restrooms, and a break room. Tile and carpet flooring, central air, and forced-air natural gas heat serve the interior; the site also has a parking lot and public water and sewer service.
The property is at 21st and 135th in Wichita, with convenient street access. It is currently leased, with the tenant’s extended occupancy scheduled through 04/30/2027. General Office zoning applies.
The property is at 21st and 135th in Wichita, with convenient street access. It is currently leased, with the tenant’s extended occupancy scheduled through 04/30/2027. General Office zoning applies.
Key Highlights
- 5,252+/- sq. ft. office building on a 0.54+/- acre lot
- Waterfront setting at 21st and 135th in Wichita
- Interior includes 7 office spaces, 2 restrooms, and a break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,545
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,900
$1.3M
Cap Rate 7%
$907,786
$907.8K
Cap Rate 9%
$706,056
$706.1K
Market Conditions
NOI Build-Up for 5,252 SF
Gross rent
$105.3K $20.04/SF
− Vacancy
−$20.5K −$3.91/SF
EGI
$84.7K $16.13/SF
− OpEx
−$21.2K −$4.03/SF
NOI
$63.5K $12.10/SF
Area
Wichita, KS
Vacancy
19.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,900
Cap Rate 7%
$907,786
Cap Rate 9%
$706,056
Alternative Uses
Best Use
Office B
$907.8K
$794.3K – $1.06M
NOI $63,545 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,029 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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Business Placement
Demographics for 67235, KS
14,824
Population
5,311
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
98%
High-School Grad
10.8 sq mi
ZIP Area
1,373
Density / Sq Mi
$112,500
Median Household Income
$51,333
Median Earnings
$1,541
Median Rent
$298,100
Median Home Value
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Market
Properties on Market for Office buildings in Wichita
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Seven private offices, a break room, and on-site parking support a practical professional workspace.
Where is this office building located?
The property is located at 13203 W 21st Ct. N Wichita, KS.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 5,252+/- sq. ft. office building on a 0.54+/- acre lot; Waterfront setting at 21st and 135th in Wichita; Interior includes 7 office spaces, 2 restrooms, and a break room
