Freestanding Building on Broadway
2032 S Broadway Ave Wichita, KS 67211
2032 S Broadway Ave, Wichita, KS, 67211
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For Sale
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Adaptable 1,680 SF building on .35 acres for sale.
Property Size1,680 SF
Lot Size0.35 Acres
Price / SF$119.05
Days on Market113
Property Features for 2032 S Broadway Ave
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Lot size
- 0.35 Acres
- Property subtype
- RETAIL
Listing Agency
Lange Real Estate
(316) 529-3100
Listed by
Daniel Sanchez
Source
Moodyscre
Added: Mar 26 Checked: Jul 16 at 8:06 am
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 Lange Real Estate
Investment Insights
Based on property information with market context.
The property features a 1,680 SF freestanding building on a .35 acre lot. The site is fully paved and fenced, and includes 15 parking stalls and dual access points. Recent improvements include a new roof installed in 2023, updated HVAC, upgraded lighting, and a freshly painted exterior. The property is located along South Broadway, near the intersection of Pawnee and Broadway, and is just minutes from downtown Wichita and Kellogg. The location offers strong visibility. The site is well positioned for a car lot or similar outdoor-use business, with flexibility for retail or service users, and potential for a restaurant concept with drive-thru and existing walk-in cooler capability.
Key Highlights
- Highly visible location on South Broadway near Pawnee intersection.
- Fully paved and fenced lot with 15 parking stalls and dual access.
- Recent improvements: new roof (2023), updated HVAC, upgraded lighting, and freshly painted exterior.
Local Financial Insights For Retail
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 | $26.8k | $15.96 |
| − Vacancy | −$2.3k | −$1.36 |
| EGI | $24.5k | $14.60 |
| − OpEx | −$7.4k | −$4.38 |
| NOI | $17.2k | $10.22 |
1,680 SF · lease $15.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$285.2K
$249.6K – $332.8K
NOI $19,967 @ 7.0% cap · market cap 9.98%
Second Best
Retail
$245.3K
$214.7K – $286.2K
NOI $17,174 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$416.0K
$364.0K – $485.3K
NOI $29,118 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
FAQs
What type of property is this?
Parking lot & garage - Adaptable 1,680 SF building on .35 acres for sale.
Where is this parking lot & garage located?
The property is located at 2032 S Broadway Ave Wichita, KS.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Highly visible location on South Broadway near Pawnee intersection.; Fully paved and fenced lot with **15 parking stalls and dual access**.; Recent improvements: new roof (2023), updated HVAC, upgraded lighting, and freshly painted exterior.
