Industrial Warehouse with
New
For Sale
$725,000
1637 S Baehr St, Wichita, KS 67209
Limited Industrial-zoned facility with warehouse, office, loading, and drive-in access for manufacturing, distribution, or service operations.
Property Size8,964 SF
Price / SF$80.88
Days on Market2
Property Features for 1637 S Baehr St
General Information
Standard status
Active
Size
8,964 SF
Total Parking Spaces
8
Property subtype
Industrial
Zoning
LI
Warehouse & Industrial
Clear Height
17 ft
Office Build-Out
2,652 SF
Dock-High Doors
1
Drive-In Doors
1
Power
400 amps
Three-Phase Power
Yes
Building Details
Building Size
8,964 SF
Year Built
1999
Buildings
1
Listing Agency:
NAI Martens
Listed By:
Cameron Nelson · License ##00253021
(316) 869-8004
Source:
Naimartens
Added: Sep 22
Last Checked: Sep 22 at 1:35PM
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 8,964 SF industrial warehouse in southwest Wichita was built in 1999 and is vacant for immediate occupancy. The building includes approximately 2,652 SF of office space, a 17-foot clear warehouse area, one grade-level drive-in door measuring 14 feet by 14 feet, and a 663 SF concrete loading truckwell with an 8-foot by 9-foot dock door. Warehouse space is heated, while the office area is heated and cooled.
Zoned LI—Limited Industrial, the property includes eight parking spaces and 3-phase, 400 Amp electrical service. Its configuration supports manufacturing, distribution, or service operations, with dedicated office, warehouse, and loading components in one facility.
Zoned LI—Limited Industrial, the property includes eight parking spaces and 3-phase, 400 Amp electrical service. Its configuration supports manufacturing, distribution, or service operations, with dedicated office, warehouse, and loading components in one facility.
Key Highlights
- 8,964 SF industrial warehouse building
- Approximately 2,652 SF of office space
- 17' clear ceiling height in warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,187,440
$1.2M
Cap Rate 7%
$848,171
$848.2K
Cap Rate 9%
$659,689
$659.7K
Market Conditions
NOI Build-Up for 8,964 SF
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.
Gross rent
$89.3K $9.96/SF
− Vacancy
−$4.5K −$0.50/SF
EGI
$84.8K $9.46/SF
− OpEx
−$25.4K −$2.84/SF
NOI
$59.4K $6.62/SF
Area
Wichita, KS
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,187,440
Cap Rate 7%
$848,171
Cap Rate 9%
$659,689
Alternative Uses
Best Use
Warehouse
$1.10M
$960.5K – $1.28M
NOI $76,840 @ 7.0% cap · market cap 10.60%
Second Best
Industrial
$848.2K
$742.2K – $989.5K
NOI $59,372 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,366 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67209, KS
14,217
Population
5,381
Households
2.6
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
1,156
Density / Sq Mi
$86,103
Median Household Income
$47,939
Median Earnings
$942
Median Rent
$209,900
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
- A & G Storage Inc — 2152 S Hoover Rd, Wichita, KS 67209
Frequently Asked Questions
What type of property is this?
Warehouse - Limited Industrial-zoned facility with warehouse, office, loading, and drive-in access for manufacturing, distribution, or service operations.
Where is this warehouse located?
The property is located at 1637 S Baehr St Wichita, KS.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 8,964 SF industrial warehouse building; Approximately 2,652 SF of office space; 17' clear ceiling height in warehouse
