Fenced Flex
New
For Sale
Contact for pricing
2540 S Sheridan Ave, Wichita, KS 67217
A fenced site accompanies this office-and-warehouse property in southwest Wichita.
Property Size10,140 SF
Price / SF$73.96
Days on Market3
Property Features for 2540 S Sheridan Ave
General Information
Standard status
Active
Size
10,140 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Listing Agency:
Reece Nichols South Central Kansas
(316) 260-5900
Listed By:
Ben Suellentrop
(316) 765-5145
Source:
Moodyscre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:26PM
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 Reece Nichols South Central Kansas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,140-square-foot flex space combines office and warehouse areas. The property is offered for sale and includes a fully fenced lot.
Located in southwest Wichita, the site provides access to I-235.
Located in southwest Wichita, the site provides access to I-235.
Key Highlights
- 10,140‑square‑foot office and warehouse flex space
- Fully fenced lot
- Access to I‑235 in southwest Wichita
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,780
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,600
$1.4M
Cap Rate 7%
$982,571
$982.6K
Cap Rate 9%
$764,222
$764.2K
Market Conditions
NOI Build-Up for 10,140 SF
Gross rent
$103.4K $10.20/SF
− Vacancy
−$5.2K −$0.51/SF
EGI
$98.3K $9.69/SF
− OpEx
−$29.5K −$2.91/SF
NOI
$68.8K $6.78/SF
Area
ZIP 67217
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,600
Cap Rate 7%
$982,571
Cap Rate 9%
$764,222
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,317 @ 7.0% cap · market cap 13.51%
Second Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,617 @ 7.0% cap · market cap 11.82%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,803 @ 7.0% cap · market cap 23.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67217, KS
30,926
Population
13,477
Households
2.3
Avg Household Size
35
Median Age
12%
College-Educated
84%
High-School Grad
14.4 sq mi
ZIP Area
2,148
Density / Sq Mi
$54,767
Median Household Income
$37,094
Median Earnings
$1,006
Median Rent
$115,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced site accompanies this office-and-warehouse property in southwest Wichita.
Where is this flex space located?
The property is located at 2540 S Sheridan Ave Wichita, KS.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 10,140‑square‑foot office and warehouse flex space; Fully fenced lot; Access to I‑235 in southwest Wichita
