Renovated Office Showroom
For Sale
Contact for pricing
1815 E Central Ave, Wichita, KS 67214
Fully renovated office building with large showroom and meeting space plus private offices and stations.
Property Size8,112 SF
Lot Size1.14 Acres
Price / SF$129.44
Days on Market202
Property Features for 1815 E Central Ave
General Information
Standard status
Active
Size
8,112 SF
Class
B
Lot size
1.14 Acres
Property subtype
Office, Retail
Zoning
General Commercial
Site & Location
Neighborhood
New Salem
Highway Access
Yes
Road Access
Yes
Listing Agency:
Landmark Commercial Real Estate
Listed By:
Scott Harper · License #KS 00227878
(316) 262-2442
Source:
Crexi
Added: Apr 6
Changed: Oct 10
Last Checked: Oct 23 at 6:52AM
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 Landmark Commercial Real Estate
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Investment Insights
Based on property information with market context.
This fully renovated, well-maintained office building includes a mix of private offices, work stations, and a large showroom/meeting room. The property is configured to support both client-facing presentation space and day-to-day office operations, with dedicated on-site parking.
The building is described as having highly visible placement and immediate access to I-135, with strong traffic counts noted. It is also positioned for straightforward navigation and easy visibility.
Available for sale as a building with approximately 8,112 square feet, the property sits on a lot of approximately 49,712 square feet and is zoned for General Commercial use, supporting a flexible commercial office/showroom setup within the existing configuration.
The building is described as having highly visible placement and immediate access to I-135, with strong traffic counts noted. It is also positioned for straightforward navigation and easy visibility.
Available for sale as a building with approximately 8,112 square feet, the property sits on a lot of approximately 49,712 square feet and is zoned for General Commercial use, supporting a flexible commercial office/showroom setup within the existing configuration.
Key Highlights
- Fully renovated, well‑maintained office building with large showroom/meeting space and private offices
- 8,112 SF building with a mix of private offices, work stations, and large showroom/meeting rooms
- 49,712 SF lot with a large private parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,924
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,658,480
$1.7M
Cap Rate 7%
$1,184,629
$1.2M
Cap Rate 9%
$921,378
$921.4K
Market Conditions
NOI Build-Up for 8,112 SF
Gross rent
$129.5K $15.96/SF
− Vacancy
−$11.0K −$1.36/SF
EGI
$118.5K $14.60/SF
− OpEx
−$35.5K −$4.38/SF
NOI
$82.9K $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%
$1,658,480
Cap Rate 7%
$1,184,629
Cap Rate 9%
$921,378
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,148 @ 7.0% cap · market cap 9.35%
Second Best
Retail
$1.18M
$1.04M – $1.38M
NOI $82,924 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,599 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,072
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?
Office building - Fully renovated office building with large showroom and meeting space plus private offices and stations.
Where is this office building located?
The property is located at 1815 E Central Ave Wichita, KS.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully renovated, well‑maintained office building with large showroom/meeting space and private offices; 8,112 SF building with a mix of private offices, work stations, and large showroom/meeting rooms; 49,712 SF lot with a large private parking lot
