New Construction Flex Space with Garage
For Sale
$1,600,000
1451 N Broadway Ave, Wichita, KS 67214
Twelve contractor garage suites offer gated access and room for outdoor storage.
Property Size14,400 SF
Price / SF$111.11
Days on Market240
Property Features for 1451 N Broadway Ave
General Information
Standard status
Active
Size
14,400 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
14,400 SF
Year Built
2025
Buildings
2
Properties For Sale
at 1451 N Broadway Ave
1451 N Broadway
Size
1,200 SF
Lease Type
Gross
Listing Agency:
NAI Martens
Listed By:
Ryan Hubbard · License #SP00237327
(316) 262-0000
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 12
Last Checked: Oct 14 at 7:41PM
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
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Investment Insights
Based on property information with market context.
Completed in 2025, this flex property comprises two 7,200-square-foot buildings with six garage suites apiece, creating 12 units in total. Each suite includes a 14' x 10' powered garage door, LED lighting, a 3-ton mini-split system, and a bathroom. The buildings are configured for contractor-oriented garage use and provide a practical combination of enclosed workspace and service amenities.
The site is fully fenced with controlled gate access and includes room for outdoor storage. Located near 14th & Broadway in Wichita, the property also offers nearby highway access.
The site is fully fenced with controlled gate access and includes room for outdoor storage. Located near 14th & Broadway in Wichita, the property also offers nearby highway access.
Key Highlights
- Two 7,200 SF buildings completed in 2025
- 12 total garage units, with 6 units in each building
- Each unit includes a 14' x 10' garage door with motor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,438
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,468,760
$2.5M
Cap Rate 7%
$1,763,400
$1.8M
Cap Rate 9%
$1,371,533
$1.4M
Market Conditions
NOI Build-Up for 14,400 SF
Gross rent
$152.1K $10.56/SF
− Vacancy
−$6.8K −$0.48/SF
EGI
$145.2K $10.08/SF
− OpEx
−$21.8K −$1.51/SF
NOI
$123.4K $8.57/SF
Area
Wichita, KS
Vacancy
4.50%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,468,760
Cap Rate 7%
$1,763,400
Cap Rate 9%
$1,371,533
Alternative Uses
Best Use
Warehouse
$1.76M
$1.54M – $2.06M
NOI $123,438 @ 7.0% cap · market cap 7.71%
Second Best
Flex RnD
$1.63M
$1.43M – $1.90M
NOI $114,027 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,584 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Sol Food — 1842 N Green St, Wichita, KS 67214
Frequently Asked Questions
What type of property is this?
Flex space - Twelve contractor garage suites offer gated access and room for outdoor storage.
Where is this flex space located?
The property is located at 1451 N Broadway Ave Wichita, KS.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two 7,200 SF buildings completed in 2025; 12 total garage units, with 6 units in each building; Each unit includes a 14' x 10' garage door with motor
