Waterfront Office
For Sale
$1,375,000
13203 W 21st Ct. N, Wichita, KS 67235
A multi-office layout includes a break room and separate restroom facilities.
Property Size5,252 SF
Lot Size0.54 Acres
Price / SF$261.81
Days on Market97
Property Features for 13203 W 21st Ct. N
General Information
Standard status
Active
Size
5,252 SF
Lot size
0.54 Acres
Property subtype
Commercial
Zoning
General Office
Additional Details
Gross Income
$152,400
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$26,202
Building Details
Building Size
5,252 SF
Year Built
2012
Buildings
1
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
McCurdy Real Estate & Auction, LLC
(316) 867-3600
Listed By:
Braden McCurdy · License #BR00052737
(316) 683-0612
Source:
Albright-realty
Added: Jul 29
Changed: Nov 2
Last Checked: Nov 2 at 2:39AM
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 McCurdy Real Estate & Auction, LLC
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Investment Insights
Based on property information with market context.
This 5,252-square-foot office building was constructed in 2012 and sits on a 0.54-acre waterfront parcel. The interior includes seven office spaces, two restrooms, and a break room. General Office zoning applies to the property, which is currently occupied under a triple-net lease scheduled through 04/30/2027.
The site is at 13203 W 21st Ct. N. in Wichita, at the 21st and 135th intersection. Parking accommodates up to nearly 30 vehicles, and the property has direct street access.
The site is at 13203 W 21st Ct. N. in Wichita, at the 21st and 135th intersection. Parking accommodates up to nearly 30 vehicles, and the property has direct street access.
Key Highlights
- 5,252‑square‑foot office building on a 0.54‑acre waterfront parcel
- Seven office spaces, two restrooms, and a break room
- Constructed in 2012; zoned General Office
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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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes a break room and separate restroom facilities.
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‑square‑foot office building on a 0.54‑acre waterfront parcel; Seven office spaces, two restrooms, and a break room; Constructed in 2012; zoned General Office
