First-Floor Street-Level Office
For Sale
Contact for pricing
200 N Broadway Ave, Wichita, KS 67202
Street-level Broadway storefront space offers flexible layout options and convenient private and guest parking for clients and staff.
Property Size1,024 SF
Price / SF$195.31
Days on Market218
Property Features for 200 N Broadway Ave
General Information
Standard status
Active
Size
1,024 SF
Property subtype
OFFICE
Additional Details
Floor
1
Asking Price
$749,000
Office Units
3
Amenities
private and guest parking
flexible suite layouts
Listing Agency:
InSite Real Estate Group, LLC
(316) 618-1100
Listed By:
Alyson Goodwin · License #00249772
(316) 207-8940
Source:
Moodyscre
Added: Feb 9
Changed: Sep 3
Last Checked: Sep 14 at 6:15AM
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.
First-floor office suite with storefront frontage on Broadway in the historic Orpheum. The available space is listed as Ste. C and provides 1,024 SF with flexible suite layouts, including the ability to reconfigure the space to fit an office or boutique retail setup.
Situated at 200 N Broadway Ave in Wichita, KS 67202, the suite benefits from a high-visibility, street-level location. On-site parking is available for both clients and guests, supporting day-to-day access for meetings, walk-ins, and visitors.
The seller indicates openness to a combined suite sale package for suites B through E, which may be relevant for users looking to expand beyond a single suite.
Situated at 200 N Broadway Ave in Wichita, KS 67202, the suite benefits from a high-visibility, street-level location. On-site parking is available for both clients and guests, supporting day-to-day access for meetings, walk-ins, and visitors.
The seller indicates openness to a combined suite sale package for suites B through E, which may be relevant for users looking to expand beyond a single suite.
Key Highlights
- Ste. C available office suite with 1,024 SF
- First‑floor Broadway storefront space in the historic Orpheum
- High‑visibility street‑level location for office or boutique retail
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,800
$247.8K
Cap Rate 7%
$177,000
$177.0K
Cap Rate 9%
$137,667
$137.7K
Market Conditions
NOI Build-Up for 1,024 SF
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.
Gross rent
$20.5K $20.04/SF
− Vacancy
−$4.0K −$3.91/SF
EGI
$16.5K $16.13/SF
− OpEx
−$4.1K −$4.03/SF
NOI
$12.4K $12.10/SF
Area
Wichita, KS
Vacancy
19.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,800
Cap Rate 7%
$177,000
Cap Rate 9%
$137,667
Alternative Uses
Best Use
Office B
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$149.5K
$130.9K – $174.5K
NOI $10,468 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
3,722
Businesses Nearby
Explore this area
Business Placement
Demographics for 67202, KS
2,435
Population
1,778
Households
1.4
Avg Household Size
35
Median Age
53%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,435
Density / Sq Mi
$67,892
Median Household Income
$41,160
Median Earnings
$1,039
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Street-level Broadway storefront space offers flexible layout options and convenient private and guest parking for clients and staff.
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 $200,000.
What are key features of this property?
This property features: Ste. C available office suite with 1,024 SF; First‑floor Broadway storefront space in the historic Orpheum; High‑visibility street‑level location for office or boutique retail
