Office-Warehouse Flex
For Sale
Contact for pricing
3040 N Ohio St, Wichita, KS 67219
Office, warehouse, and mezzanine storage with additional office space, fully climate-controlled for year-round use.
Property Size9,720 SF
Price / SF$102.88
Days on Market245
Property Features for 3040 N Ohio St
General Information
Standard status
Active
Size
9,720 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
climate-controlled
Properties For Sale
at 3040 N Ohio St Contact us- Size
- 9,720 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Office/Warehouse For Sale or Lease
PROPERTY HIGHLIGHTS
• Office/warehouse available for sale or lease.
• Excellent...
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Listing Agency:
Reece Nichols South Central Kansas
(316) 260-5900
Listed By:
Bradley Tidemann, SIOR
(316) 650-8853
Source:
Moodyscre
Added: Jan 5
Changed: Aug 14
Last Checked: Aug 14 at 7:50AM
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
Investment Insights
Based on property information with market context.
This office/warehouse flex building includes office space, a warehouse area, and mezzanine storage, along with additional office space. The property is fully climate-controlled, supporting consistent year-round operation.
The location provides excellent access to I-135 via 29th Street, making it convenient for logistics and business use.
The building’s mixed office and storage layout is designed to support day-to-day work alongside warehousing needs.
The location provides excellent access to I-135 via 29th Street, making it convenient for logistics and business use.
The building’s mixed office and storage layout is designed to support day-to-day work alongside warehousing needs.
Key Highlights
- Office/warehouse available for sale or lease
- Excellent access to I‑135 via 29th Street
- Building configuration includes office, warehouse, mezzanine storage, and additional office
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
$83,321
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
8.33%
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%
$1,666,420
$1.7M
Cap Rate 7%
$1,190,300
$1.2M
Cap Rate 9%
$925,789
$925.8K
Market Conditions
NOI Build-Up for 9,720 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
$102.6K $10.56/SF
− Vacancy
−$4.6K −$0.48/SF
EGI
$98.0K $10.08/SF
− OpEx
−$14.7K −$1.51/SF
NOI
$83.3K $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%
$1,666,420
Cap Rate 7%
$1,190,300
Cap Rate 9%
$925,789
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,321 @ 7.0% cap · market cap 8.33%
Second Best
Flex RnD
$1.10M
$962.1K – $1.28M
NOI $76,968 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,469 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67219, KS
12,905
Population
4,831
Households
2.7
Avg Household Size
32
Median Age
23%
College-Educated
90%
High-School Grad
14.5 sq mi
ZIP Area
890
Density / Sq Mi
$65,561
Median Household Income
$38,838
Median Earnings
$1,049
Median Rent
$156,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Chill Ice Cream — 104 East 29th St N, Wichita, KS 67219
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Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and mezzanine storage with additional office space, fully climate-controlled for year-round use.
Where is this flex space located?
The property is located at 3040 N Ohio St Wichita, KS.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Office/warehouse available for sale or lease; Excellent access to I‑135 via 29th Street; Building configuration includes office, warehouse, mezzanine storage, and additional office
