Three-Tenant Strip
1448 N Maize Rd, Wichita, KS 67212
For Sale
Contact for pricing
Pending
Dedicated Maize Rd. entrance serves a multi-suite retail configuration near Maize Rd. and 13th St.
Property Size7,500 SF
Days on Market225
Property Features for 1448 N Maize Rd
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Office Units
Building Details
Tenancy
Listing Agency:
Reece Nichols South Central Kansas
(316) 260-5900
Listed By:
Bradley Tidemann, SIOR
(316) 650-8853
Source:
Moodyscre
Added: Mar 31
Changed: Oct 26
Last Checked: Nov 8 at 2:31AM
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 Reece Nichols South Central Kansas
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Investment Insights
Based on property information with market context.
This 7,500-square-foot strip mall was constructed for three tenants and is configured as three suites. The property was formerly occupied by a single veterinary office user that operated doggy day care, providing an established commercial layout with prior service-oriented use.
A dedicated entrance from Maize Rd. provides direct access to the center, which is situated near the intersection of Maize Rd. and 13th St. The three-suite design supports the property’s original multi-tenant configuration and offers flexibility for retail or other commercial occupancy subject to applicable requirements.
A dedicated entrance from Maize Rd. provides direct access to the center, which is situated near the intersection of Maize Rd. and 13th St. The three-suite design supports the property’s original multi-tenant configuration and offers flexibility for retail or other commercial occupancy subject to applicable requirements.
Key Highlights
- 7,500‑square‑foot strip mall constructed for three tenants
- Three‑suite configuration designed for multi‑tenant occupancy
- Dedicated entrance from Maize Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,726
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,634,520
$1.6M
Cap Rate 7%
$1,167,514
$1.2M
Cap Rate 9%
$908,067
$908.1K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$130.5K $17.40/SF
− Vacancy
−$21.5K −$2.87/SF
EGI
$109.0K $14.53/SF
− OpEx
−$27.2K −$3.63/SF
NOI
$81.7K $10.90/SF
Area
ZIP 67212
Vacancy
16.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,634,520
Cap Rate 7%
$1,167,514
Cap Rate 9%
$908,067
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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Business Placement
Demographics for 67212, KS
43,587
Population
19,409
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
3,487
Density / Sq Mi
$64,957
Median Household Income
$42,601
Median Earnings
$1,021
Median Rent
$189,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Strip malls in Sedgwick County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Dedicated Maize Rd. entrance serves a multi-suite retail configuration near Maize Rd. and 13th St.
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: 7,500‑square‑foot strip mall constructed for three tenants; Three‑suite configuration designed for multi‑tenant occupancy; Dedicated entrance from Maize Rd.
