First-Floor Storefront Office
200 N Broadway Ave Wichita, KS 67202
For Sale
Contact for pricing
First-floor storefront suite with flexible layout options and private and guest parking in the historic Orpheum building.
Property Size2,337 SF
Price / SF$153
Days on Market170
Property Features for 200 N Broadway Ave
General Information
Standard status
Active
Size
2,337 SF
Property subtype
OFFICE
Listing Agency:
InSite Real Estate Group, LLC
(316) 207-8940
Listed By:
Alyson Goodwin
(316) 207-8940
Source:
Moodyscre
Added: Feb 9
Changed: Jul 28
Last Checked: Jul 28 at 10:49AM
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 InSite Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Available for sale is a first-floor storefront office suite within the historic Orpheum at 200 N Broadway Ave in Wichita, KS. The offering is identified as Ste. D&E, totaling 2,337 SF, and is described as having a flexible suite layout with the ability to reconfigure.
The property is positioned as a high-visibility, street-level location, with convenient private and guest parking for clients and staff. The seller is also open to a combined suite sale package, including an option to combine Suites B–E.
This configuration is well suited for tenants or buyers looking for a street-level space in an owner-occupied style setup, supported by the described parking and adaptable interior layout.
The property is positioned as a high-visibility, street-level location, with convenient private and guest parking for clients and staff. The seller is also open to a combined suite sale package, including an option to combine Suites B–E.
This configuration is well suited for tenants or buyers looking for a street-level space in an owner-occupied style setup, supported by the described parking and adaptable interior layout.
Key Highlights
- Historic Orpheum building first‑floor Broadway storefront suite space
- Suite B: 1,579 SF priced at $199,000; Suite C: 1,024 SF priced at $200,000
- Suite D&E: 2,337 SF priced at $357,561; combined B–E package totals 4,940 SF for $749,000
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 | $46.8k | $20.04 |
| − Vacancy | −$9.1k | −$3.91 |
| EGI | $37.7k | $16.13 |
| − OpEx | −$9.4k | −$4.03 |
| NOI | $28.3k | $12.10 |
2,337 SF · lease $20.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$403.9K
$353.5K – $471.3K
NOI $28,276 @ 7.0% cap · market cap 7.91%
Second Best
Retail
$341.3K
$298.6K – $398.2K
NOI $23,890 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$578.6K
$506.3K – $675.1K
NOI $40,505 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - First-floor storefront suite with flexible layout options and private and guest parking in the historic Orpheum building.
Where is this office units located?
The property is located at 200 N Broadway Ave Wichita, KS.
What is the asking price?
The asking price for this property is $357,561.
What are key features of this property?
This property features: Historic Orpheum building first‑floor Broadway storefront suite space; Suite B: 1,579 SF priced at $199,000; Suite C: 1,024 SF priced at $200,000; Suite D&E: 2,337 SF priced at $357,561; combined B–E package totals 4,940 SF for $749,000
