Three-Tenant Strip
1448 N Maize Rd Wichita, KS 67212
1448 N Maize Rd, Wichita, KS, 67212
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For Sale
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Strip center with a dedicated entrance from Maize Rd, currently configured for three tenants.
Property Size7,500 SF
Price / SF$133.33
Days on Market113
Property Features for 1448 N Maize Rd
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2000
Listing agency
ReeceNichols South Central Kansas
(316) 650-8853
Listed by
Bradley Tidemann · License #KS SP00050970
Source
Crexi
Added: Mar 31 Updated: Jul 20 at 9:41PM Checked: Jul 21 at 5:09AM
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 strip center is designed to serve three tenants, with a layout that can be used as multi-tenant space. The property was most recently occupied as a single tenant, operating as a veterinary office with doggy day care, and can be converted back to separate suite occupancy.
Located near the heavily traveled intersection of Maize Rd. and 13th St., the center provides dedicated access from Maize Rd.
Constructed for a three-tenant configuration, the building offers straightforward flexibility for businesses seeking individual suite space within a single neighborhood retail/office setting.
Located near the heavily traveled intersection of Maize Rd. and 13th St., the center provides dedicated access from Maize Rd.
Constructed for a three-tenant configuration, the building offers straightforward flexibility for businesses seeking individual suite space within a single neighborhood retail/office setting.
Key Highlights
- Strip center built in 2000, currently configured for three tenants
- Dedicated entrance from Maize Rd
- Located near the intersection of Maize Rd and 13th St
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.5k | $17.40 |
| − Vacancy | −$21.5k | −$2.87 |
| EGI | $109.0k | $14.53 |
| − OpEx | −$27.2k | −$3.63 |
| NOI | $81.7k | $10.90 |
7,500 SF · lease $17.40/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,726 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$1.12M
$976.0K – $1.30M
NOI $78,076 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,552 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lacey A. Tiesmeyer, DVM
Veterinary Clinic
Indian Hills Animal ...
Veterinary Clinic
Michael R. Johnson, ...
Veterinary Clinic
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FAQs
What type of property is this?
Strip mall - Strip center with a dedicated entrance from Maize Rd, currently configured for three tenants.
Where is this strip mall located?
The property is located at 1448 N Maize Rd Wichita, KS.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Strip center built in 2000, currently configured for three tenants; Dedicated entrance from Maize Rd; Located near the intersection of Maize Rd and 13th St
