Cannabis Retail
For Sale
Contact for pricing
2360 N Maize Rd, Wichita, KS 67205
Established hemp wellness retailer with a four-year customer base, trained staff, and a broad product assortment.
Property Size1,500 SF
Price / SF$116.67
Days on Market133
Property Features for 2360 N Maize Rd
General Information
Standard status
Active
Size
1,500 SF
Class
C
Property subtype
Business for Sale
Lease Type
NNN
Building Details
Units
200
Tenancy
Single
Listing Agency:
Landmark Commercial Real Estate
(316) 262-2442
Listed By:
Brett Harris · License #KS 00241880
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 31 at 2:30AM
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 Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This 1,500-square-foot hemp health and wellness retail business operates from a modern storefront at 2360 N Maize Rd in Wichita. Its merchandise includes CBD oils, tinctures, edibles, topicals, drinks, flower, and lifestyle products, with offerings from local farmers. Existing operations include an established customer base, retained staff, digital marketing, social media, email campaigns, community events, and partnerships with wellness practitioners.
The store is located in New Market Square, a shopping center described as neighboring seven national tenants, including Walmart, AT&T, and Sickies Burgers & Brews. The current owner will provide transition training covering operations, marketing, customer relations, and industry regulations. The business has also received six local Wichita news features within three months, according to the property information.
The store is located in New Market Square, a shopping center described as neighboring seven national tenants, including Walmart, AT&T, and Sickies Burgers & Brews. The current owner will provide transition training covering operations, marketing, customer relations, and industry regulations. The business has also received six local Wichita news features within three months, according to the property information.
Key Highlights
- 1,500‑square‑foot hemp health and wellness retail business
- Located at 2360 N Maize Rd, Wichita, KS 67205
- Four‑year customer base with retained staff
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
$12,959
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
7.41%
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%
$259,180
$259.2K
Cap Rate 7%
$185,129
$185.1K
Cap Rate 9%
$143,989
$144.0K
Market Conditions
NOI Build-Up for 1,500 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
$19.8K $13.20/SF
− Vacancy
−$1.3K −$0.86/SF
EGI
$18.5K $12.34/SF
− OpEx
−$5.6K −$3.70/SF
NOI
$13.0K $8.64/SF
Area
ZIP 67205
Vacancy
6.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$259,180
Cap Rate 7%
$185,129
Cap Rate 9%
$143,989
Alternative Uses
Best Use
Retail
$185.1K
$162.0K – $216.0K
NOI $12,959 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.4K
$278.6K – $371.5K
NOI $22,291 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
696k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 24%
Apparel 22%
Superstores 20%
Shops & Services 12%
Walmart
Superstores
139,675 visits/mo
0.3 miles
Dillons
Groceries
64,734 visits/mo
0.2 miles
Marshalls
Apparel
44,168 visits/mo
0.3 miles
Chick-fil-A
Dining
43,167 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
36,101 visits/mo
0.4 miles
Demographics for 67205, KS
20,461
Population
7,467
Households
2.7
Avg Household Size
40
Median Age
50%
College-Educated
98%
High-School Grad
16.9 sq mi
ZIP Area
1,211
Density / Sq Mi
$120,630
Median Household Income
$65,457
Median Earnings
$1,237
Median Rent
$314,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - Established hemp wellness retailer with a four-year customer base, trained staff, and a broad product assortment.
Where is this cannabis property located?
The property is located at 2360 N Maize Rd Wichita, KS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,500‑square‑foot hemp health and wellness retail business; Located at 2360 N Maize Rd, Wichita, KS 67205; Four‑year customer base with retained staff
