Four-Story Office Building For
For Sale
Contact for pricing
2024 North Woodlawn, Wichita, KS 67208
Four-story office building with renovated interiors and ample parking.
Property Size57,747 SF
Price / SF$0.00
Days on Market235
Property Features for 2024 North Woodlawn
General Information
Standard status
Active
Size
57,747 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
57,747 SF
Properties For Sale
at 2024 North Woodlawn
417
Size
1,000 SF
Term
Negotiable
Listed By:
Patrick Ahern, SIOR, CCIM
(316) 847-4914
Source:
Naimartens
Added: Mar 6
Changed: Oct 26
Last Checked: Oct 26 at 2:16PM
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 Patrick Ahern, SIOR, CCIM
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
One Brittany Place is a 4-story reflective glass office building, developed in the mid 1980s, with approximately 58,000 square feet. The property features a recently renovated lobby, restrooms, and common areas. Variable air volume heating and cooling systems with individual zones assure balanced distribution of air for all offices and open areas. Features include modern interior finishes, well-designed office suites, ample amenities, and excellent fiber connectivity. The building offers flexible lease terms and an on-site property management team. There are over 700 available surface parking spaces. The building is strategically located just over 1 mile from Wichita State University, Innovation Campus at WSU, and Bradley Fair shopping center. The Innovation Campus at WSU is a $50 million hi tech project under construction. Bradley Fair Lifestyle center is located one mile away, a 280,000 square feet lifestyle center with 50 stores and restaurants. The location offers excellent proximity to affluent and well-educated residents in the area, allowing tenants to tap into the educated workforce while affording tenants excellent access to all of the Wichita metro via K-96, 135 and Kellogg US 54/400. Amenities include 10-foot ceilings, modern elevators, energy-efficient HVAC, and on-site management and security. Fiber-optic connectivity is available. Telecom/Internet providers include AT&T, Cox, Level 3 and Pixius. The property is located on North Woodlawn Avenue at East 21st Street North and is adjacent to Huntley Yards shopping center. Monument signage is available.
Key Highlights
- Excellent location near Wichita State University's Innovation Campus and Bradley Fair shopping center, providing access to technology, retail, and a skilled workforce.
- Recently renovated lobby, restrooms, and common areas offer a modern and appealing environment.
- Ample surface parking with over 700 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$701,751
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,035,020
$14.0M
Cap Rate 7%
$10,025,014
$10.0M
Cap Rate 9%
$7,797,233
$7.8M
Market Conditions
NOI Build-Up for 58,000 SF
Gross rent
$1.16M $20.04/SF
− Vacancy
−$226.7K −$3.91/SF
EGI
$935.7K $16.13/SF
− OpEx
−$233.9K −$4.03/SF
NOI
$701.8K $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%
$14,035,020
Cap Rate 7%
$10,025,014
Cap Rate 9%
$7,797,233
Alternative Uses
Best Use
Office B
$10.03M
$8.77M – $11.70M
NOI $701,751 @ 7.0% cap · market cap 4,385,943.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.36M
$12.57M – $16.75M
NOI $1,005,269 @ 7.0% cap · market cap 6,282,931.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 67208, KS
17,901
Population
8,067
Households
2.2
Avg Household Size
33
Median Age
41%
College-Educated
94%
High-School Grad
5.0 sq mi
ZIP Area
3,580
Density / Sq Mi
$60,049
Median Household Income
$39,056
Median Earnings
$1,008
Median Rent
$179,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Four-story office building with renovated interiors and ample parking.
Where is this office building located?
The property is located at 2024 North Woodlawn Wichita, KS.
What are key features of this property?
This property features: Excellent location near Wichita State University's Innovation Campus and Bradley Fair shopping center, providing access to technology, retail, and a skilled workforce.; Recently renovated lobby, restrooms, and common areas offer a modern and appealing environment.; Ample surface parking with over 700 spaces.
