Broadway Storefront in Historic
200 North Broadway Avenue Wichita, KS 67202
For Sale
Contact for pricing
First-floor storefront space in the historic Orpheum for sale.
Property Size4,940 SF
Price / SF$151.62
Days on Market69
Property Features for 200 North Broadway Avenue
General Information
- Standard status
- Active
- Size
- 4,940 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1921
Listing Agency:
Insite Real Estate Group
Listed By:
Alyson Goodwin · License #KS 00249772
Source:
Crexi
Added: May 19
Changed: Jul 10
Last Checked: Jul 26 at 3:04PM
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 is a rare opportunity to own first-floor Broadway storefront space in the historic Orpheum. The property offers a total size of 4940 square feet and is suitable for commercial real estate, office spaces, office units, retail properties, and storefront properties.
Key Highlights
- First‑floor Broadway storefront space
- Located in the historic Orpheum
- Rare opportunity
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 | $99.0k | $20.04 |
| − Vacancy | −$19.3k | −$3.91 |
| EGI | $79.7k | $16.13 |
| − OpEx | −$19.9k | −$4.03 |
| NOI | $59.8k | $12.10 |
4,940 SF · lease $20.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$853.9K
$747.1K – $996.2K
NOI $59,770 @ 7.0% cap · market cap 7.98%
Second Best
Retail
$721.4K
$631.2K – $841.7K
NOI $50,499 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,621 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - First-floor storefront space in the historic Orpheum for sale.
Where is this storefront property located?
The property is located at 200 North Broadway Avenue Wichita, KS.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: First‑floor Broadway storefront space; Located in the historic Orpheum; Rare opportunity
