Auto Shop with Overhead
For Sale
$200,000
1601 S Broadway Ave, Wichita, KS
The property supports used vehicle sales and includes additional land for outdoor uses.
Property Size1,416 SF
Price / SF$141.24
Days on Market9
Property Features for 1601 S Broadway Ave
General Information
Standard status
Active
Size
1,416 SF
Site & Location
Neighborhood
Historic Midtown Citizens Assoc
Road Access
Yes
Additional Details
Automotive Uses
dealership/vehicle sales
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,726
Amenities
overhead garage doors
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway PenFed Realty
(316) 636-2323
Listed By:
Shane Pullman
(316) 640-7375
Source:
Exprealty
Added: Oct 29
Changed: Nov 4
Last Checked: Nov 4 at 7:21PM
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 Berkshire Hathaway PenFed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive commercial property at 1601 S Broadway Ave in Wichita has a building equipped with two insulated 10-foot-by-10-foot overhead garage doors. The property’s zoning is compatible with used vehicle sales, and select personal property will remain with the sale.
Additional land provides space for vehicle display, outdoor storage, parking, or potential expansion. Two access points serve the site at the Harry and Broadway intersection.
Additional land provides space for vehicle display, outdoor storage, parking, or potential expansion. Two access points serve the site at the Harry and Broadway intersection.
Key Highlights
- Two insulated 10‑foot‑by‑10‑foot overhead garage doors
- Zoning compatible with used vehicle sales
- Additional land for vehicle display, outdoor storage, parking, or future expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,475
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,500
$289.5K
Cap Rate 7%
$206,786
$206.8K
Cap Rate 9%
$160,833
$160.8K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$22.6K $15.96/SF
− Vacancy
−$1.9K −$1.36/SF
EGI
$20.7K $14.60/SF
− OpEx
−$6.2K −$4.38/SF
NOI
$14.5K $10.22/SF
Area
Wichita, KS
Vacancy
8.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,500
Cap Rate 7%
$206,786
Cap Rate 9%
$160,833
Alternative Uses
Best Use
Retail
$206.8K
$180.9K – $241.3K
NOI $14,475 @ 7.0% cap · market cap 7.24%
Second Best
Industrial
$134.0K
$117.2K – $156.3K
NOI $9,379 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$350.6K
$306.8K – $409.0K
NOI $24,542 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,325
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 34%
Electronics 17%
Spangles
Dining
4,294 visits/mo
0.3 miles
Burger King
Dining
4,115 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,019 visits/mo
0.3 miles
Commerce Bank
Shops & Services
2,946 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,517 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1161 N Broadway Ave, Wichita, KS 67214
Frequently Asked Questions
What type of property is this?
Automotive property - The property supports used vehicle sales and includes additional land for outdoor uses.
Where is this automotive property located?
The property is located at 1601 S Broadway Ave Wichita, KS.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two insulated 10‑foot‑by‑10‑foot overhead garage doors; Zoning compatible with used vehicle sales; Additional land for vehicle display, outdoor storage, parking, or future expansion
