Flex Space with
For Sale
Contact for pricing
2050 S West St, Wichita, KS 67213
Corner-lot facility supports truck circulation and combines office, warehouse, and display areas.
Property Size11,716 SF
Lot Size2.45 Acres
Price / SF$110.53
Days on Market234
Property Features for 2050 S West St
General Information
Standard status
Active
Size
11,716 SF
Lot size
2.45 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
5,000 SF
Drive-In Doors
5
Power
400 amps
Three-Phase Power
Yes
Building Details
Buildings
1
Listing Agency:
InSite Real Estate Group, LLC
(316) 210-4130
Listed By:
Carl Hebert, CCIM · License #00227891
(316) 210-4130
Source:
Moodyscre
Added: Jan 8
Changed: Aug 29
Last Checked: Aug 29 at 1:17PM
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, LLC
Investment Insights
Based on property information with market context.
This flex-space property includes an 11,716-square-foot building on 2.45 acres, with approximately 5,000 square feet dedicated to office use and a showroom component. The facility is equipped with 5x drive-in 14ft overhead doors, multiple cranes, and 400 amp 3-phase electrical service.
Positioned on a corner lot, the property offers multiple ingress and egress points to support truck movement. West Street frontage extends almost 500 feet, while the site provides close access to K 42 and Kellogg. The configuration accommodates showroom operations, outdoor sales, outdoor storage, and businesses operating large fleets.
Positioned on a corner lot, the property offers multiple ingress and egress points to support truck movement. West Street frontage extends almost 500 feet, while the site provides close access to K 42 and Kellogg. The configuration accommodates showroom operations, outdoor sales, outdoor storage, and businesses operating large fleets.
Key Highlights
- 2.45‑acre flex‑space property with an 11,716 SF building
- Approximately 5,000 ft² of office space with showroom component
- 5x drive‑in 14ft overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,008,600
$2.0M
Cap Rate 7%
$1,434,714
$1.4M
Cap Rate 9%
$1,115,889
$1.1M
Market Conditions
NOI Build-Up for 11,716 SF
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.
Gross rent
$123.7K $10.56/SF
− Vacancy
−$5.6K −$0.48/SF
EGI
$118.2K $10.08/SF
− OpEx
−$17.7K −$1.51/SF
NOI
$100.4K $8.57/SF
Area
Wichita, KS
Vacancy
4.50%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,008,600
Cap Rate 7%
$1,434,714
Cap Rate 9%
$1,115,889
Alternative Uses
Best Use
Office B
$2.03M
$1.77M – $2.36M
NOI $141,754 @ 7.0% cap · market cap 10.95%
Second Best
Retail
$1.71M
$1.50M – $2.00M
NOI $119,765 @ 7.0% cap · market cap 9.25%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,064 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67213, KS
21,007
Population
9,788
Households
2.1
Avg Household Size
34
Median Age
13%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
3,183
Density / Sq Mi
$48,015
Median Household Income
$32,186
Median Earnings
$920
Median Rent
$80,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot facility supports truck circulation and combines office, warehouse, and display areas.
Where is this flex space located?
The property is located at 2050 S West St Wichita, KS.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2.45‑acre flex‑space property with an 11,716 SF building; Approximately 5,000 ft² of office space with showroom component; 5x drive‑in 14ft overhead doors
