Versatile Commercial Space
For Sale
Contact for pricing
200 N Broadway Suite C, Wichita, KS 67202
Adaptable commercial space suitable for various business needs.
Property Size1,024 SF
Price / SF$195.31
Days on Market238
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Property Features for 200 N Broadway Suite C
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Office, Retail
Zoning
CBD
Building Details
Year Built
1921
Listing Agency:
Insite Real Estate Group
Listed By:
Alyson Goodwin · License #KS 00249772
Source:
Crexi
Added: Feb 19
Changed: Oct 7
Last Checked: Oct 14 at 11:07PM
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
Investment Insights
Based on property information with market context.
This commercial property offers flexible suite layouts with the ability to reconfigure the space. The property provides opportunities for office or retail use. The property has a size of 1024 square feet.
Key Highlights
- Flexible suite layouts to suit your business needs.
- Ability to reconfigure space, adapting to your evolving requirements.
- Built in 1921.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,390
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Frequently Asked Questions
What type of property is this?
Office units - Adaptable commercial space suitable for various business needs.
Where is this office units located?
The property is located at 200 N Broadway Suite C 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: Flexible suite layouts to suit your business needs.; Ability to reconfigure space, adapting to your evolving requirements.; Built in 1921.
