Remodeled Standalone Office
231 N West St Wichita, KS 67203
231 N West St, Wichita, KS, 67203
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For Sale
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Recently remodeled standalone office building with modern finishes, prominent street frontage, and on-site parking.
Property Size1,488 SF
Price / SF$200.94
Days on Market78
Property Features for 231 N West St
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- OFFICE
Listing agency
J.P. Weigand & Sons, Inc.
(316) 292-3902
Listed by
Austin Swisher, CCIM · License #00240314
(316) 292-3902
Source
Moodyscre
Added: May 5 Updated: Jul 21 at 2:29PM Checked: Jul 21 at 2:29PM
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 J.P. Weigand & Sons, Inc.
Investment Insights
Based on property information with market context.
This recently remodeled standalone office building offers modern finishes throughout and a flexible layout that can accommodate a variety of office or professional uses. The property sits on a large lot, providing ample space for future expansion or redevelopment, and includes on-site parking for both employees and visitors.
Located at 231 N West St in Wichita, KS, the building features prominent West Street frontage that supports signage opportunities. Convenient access to major thoroughfares and surrounding amenities helps support day-to-day operations.
Overall, the combination of updated interiors, flexible interior configuration, street-facing presence, and on-site parking makes this property well-suited for an owner-user or investor looking for an office facility that can adapt to changing needs.
Located at 231 N West St in Wichita, KS, the building features prominent West Street frontage that supports signage opportunities. Convenient access to major thoroughfares and surrounding amenities helps support day-to-day operations.
Overall, the combination of updated interiors, flexible interior configuration, street-facing presence, and on-site parking makes this property well-suited for an owner-user or investor looking for an office facility that can adapt to changing needs.
Key Highlights
- Recently remodeled standalone office building with modern finishes
- Prominent West Street frontage with opportunities for signage
- Large lot with ample space for future expansion or redevelopment
Local 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 | $31.2k | $21.00 |
| − Vacancy | −$5.6k | −$3.78 |
| EGI | $25.6k | $17.22 |
| − OpEx | −$6.4k | −$4.31 |
| NOI | $19.2k | $12.92 |
1,488 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$274.5K
$240.2K – $320.3K
NOI $19,218 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.3K
$318.7K – $425.0K
NOI $25,498 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Humlicek Dental
Dental Office
Englert Tina
Dental Office
Criser Jane
Dental Office
Dr. Ashley Humlicek
Dental Office
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FAQs
What type of property is this?
Office building - Recently remodeled standalone office building with modern finishes, prominent street frontage, and on-site parking.
Where is this office building located?
The property is located at 231 N West St Wichita, KS.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Recently remodeled standalone office building with modern finishes; Prominent West Street frontage with opportunities for signage; Large lot with ample space for future expansion or redevelopment
