Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wichita Area Industrial Opportunity Title is generated by Realmo AI

    202 E Hillside St, Wellington, KS 67152

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    55,300 SF industrial building in Wichita area for sale.

    Type:Industrial
    Property size:
    55,300 SF
    Price / SF:
    $10/SF
    Added:
    Mar 14, 2026
    Days on Market:
    61
    Last Refresh:
    Mar 20 at 12:01 am

    Property Features for 202 E Hillside St

    General Information

    Standard status
    Active
    Size
    55,300 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Carrissa Wells

    Listing agent Carrissa Wells License #00243458

    Listing office Berkshire Hathaway PenFed Realty

    Listing date Mar 14, 2026

    Source Crexi

    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 Berkshire Hathaway PenFed Realty

    HighLights

    • Large 55,300 SF building provides ample space for operations.
    • Zoned I‑1, suitable for a wide range of manufacturing and industrial uses.
    • Strategic location offers convenient access to major transportation routes.
    • Opportunity for expansion and customization with 25% current occupancy.
    • Well‑equipped facility suitable for establishing or expanding an industrial venture.
    • Located in the thriving Wichita market, positioning business for long‑term success.

    Overview

    This industrial property, located in the Wichita area, offers 55,300 square feet of space. Constructed in 1940, the building is zoned I-1, suitable for manufacturing and industrial operations. Currently, the property has a 25% occupancy rate, providing space for expansion and customization. Its location provides access to major transportation routes, making it suitable for logistical operations. This property presents an opportunity to establish or expand an industrial venture in a facility with room for growth in the Wichita market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Sumner
    State
    Kansas
    Longitude
    -97.396796
    Latitude
    37.2888902

    Nearby Similar for Sale

    • $425,000
      4,532 SF

      Renovated Commercial Space in Wellington

      4,532 SF renovated commercial space in downtown Wellington, Kansas.
      301 N Washington Ave, Wellington, KS 67152
      View Details
    • $425,000
      3,032 SF

      Renovated Retail Space in Wellington

      Recently renovated commercial space in downtown Wellington, Kansas.
      301 N Washington Ave, Wellington, KS 67152
      View Details
    • $400,000

      Historic Downtown Wellington Building For Sale

      Historic building with restaurant and redevelopment potential in downtown Wellington.
      215-217 N Washington Ave, Wellington, KS
      View Details
    • $600,000
      55,300 SF

      Wellington Industrial Warehouse on 5.5 Acres

      55,300 SF industrial warehouse on 5.5 acres for sale.
      202 E Hillside Rd, Wellington, KS 67152
      View Details
    • $600,000
      55,000 SF

      Wellington Industrial Complex For Sale

      55,000 SF industrial complex with specialized equipment in Wellington, Kansas.
      600 E 16th St, Wellington, KS
      View Details
    • $395,000
      20,678 SF

      Wellington Multifamily Building For Sale

      18-unit multifamily building with commercial kitchen and large dining room.
      924 S Washington Ave, Wellington, KS 67152
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 55,300 SF industrial building in Wichita area for sale.
    Where is this manufacturing property located?
    The property is located at 202 E Hillside St Wellington, KS.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Large 55,300 SF building provides ample space for operations.; Zoned I‑1, suitable for a wide range of manufacturing and industrial uses.; Strategic location offers convenient access to major transportation routes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carrissa Wells
    Real Estate License ID: 00243458
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    202 E Hillside St, Wellington, KS 67152
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!