Live-Work Property with
For Sale
$975,000
1442 N Broadway Ave, Wichita, KS 67214
General Commercial zoning covers a residence, a commercial lot with shop and outbuilding, and a separate paved parking area.
Property Size2,652 SF
Price / SF$367.65
Days on Market30
Property Features for 1442 N Broadway Ave
General Information
Standard status
Active
Size
2,652 SF
Property subtype
Commercial
Zoning
General Comm
Site & Location
Neighborhood
a Price Woodard
Road Access
Yes
Fenced Yard
Yes
Additional Details
Property Use
Live/Work
Taxes and HOA fees
Annual Taxes
$5,391
Building Details
Building Size
2,652 SF
Year Built
1915
Stories
2
Construction
brick
Listing Agency:
LPT Realty, LLC
(800) 268-8117
Listed By:
Erica Boller · License #00243970
(316) 833-6061
Source:
Albright-realty
Added: Oct 5
Changed: Nov 2
Last Checked: Nov 2 at 2:41AM
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 LPT Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three addresses are being conveyed together: a brick residence, a fenced commercial parcel with a shop and brick outbuilding, and a paved parking lot. The 4-bedroom, 3-bath home was built in 1915 and includes a great room with fireplace, a main-floor bedroom, and a finished basement with a second kitchen, dining area, and two bedrooms. An upper bonus level has its own bathroom. Outside, the residence has a fenced yard, detached garage, and driveway space for four cars.
The commercial portion includes a large shop with overhead doors exceeding 12 feet, a brick office building, and paved parking. The property is zoned General Commercial and has access from N Broadway Avenue.
The commercial portion includes a large shop with overhead doors exceeding 12 feet, a brick office building, and paved parking. The property is zoned General Commercial and has access from N Broadway Avenue.
Key Highlights
- Three addresses conveyed together, combining a residence, commercial lot, and paved parking lot
- 4‑bedroom, 3‑bath brick residence built in 1915
- Shop has overhead doors over 12 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,087
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,740
$641.7K
Cap Rate 7%
$458,386
$458.4K
Cap Rate 9%
$356,522
$356.5K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$53.1K $20.04/SF
− Vacancy
−$10.4K −$3.91/SF
EGI
$42.8K $16.13/SF
− OpEx
−$10.7K −$4.03/SF
NOI
$32.1K $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%
$641,740
Cap Rate 7%
$458,386
Cap Rate 9%
$356,522
Alternative Uses
Best Use
Office B
$458.4K
$401.1K – $534.8K
NOI $32,087 @ 7.0% cap · market cap 3.29%
Second Best
Mixed Use
$387.9K
$339.4K – $452.5K
NOI $27,150 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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Business Placement
Demographics for 67214, KS
15,936
Population
8,197
Households
1.9
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
5.3 sq mi
ZIP Area
3,007
Density / Sq Mi
$36,636
Median Household Income
$25,518
Median Earnings
$752
Median Rent
$72,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Live-work space - General Commercial zoning covers a residence, a commercial lot with shop and outbuilding, and a separate paved parking area.
Where is this live-work space located?
The property is located at 1442 N Broadway Ave Wichita, KS.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three addresses conveyed together, combining a residence, commercial lot, and paved parking lot; 4‑bedroom, 3‑bath brick residence built in 1915; Shop has overhead doors over 12 feet
