Retail Shopping Center For
For Sale
$785,000
3110 S Broadway Ave., Wichita, KS 67216
For-sale retail shopping center at 3110 S Broadway Ave, offering a retail-oriented site for prospective operators.
Property Size5,458 SF
Days on Market102
Property Features for 3110 S Broadway Ave.
General Information
Standard status
Active
Size
5,458 SF
Property subtype
Service Repair Garage
Zoning
GC
Building Details
Building Size
5,458 SF
Year Built
2002
Listing Agency:
J.P. Weigand & Sons Inc.
Listed By:
Brandon Tidemann · License #00048957
(316) 371-8347
Source:
Weigand
Added: Jun 30
Changed: Oct 6
Last Checked: Oct 7 at 10:42AM
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 property is a retail shopping center offered for sale. It is positioned as a commercial retail asset within the “Retail properties & Spaces” category, suitable for buyers and tenants evaluating a retail-focused location and center format.
The property is located at 3110 S Broadway Ave in Wichita, Kansas. The listing provides an address for site identification, which can support buyer and broker due diligence around access and surrounding retail context.
Because the available information does not include suite configuration, occupancy details, building improvements, or specific tenant mix, buyers will likely need to confirm those items directly through the seller and complete their normal underwriting and site review. For prospective retailers, this offering may be a candidate depending on how the existing spaces are configured and how the center is suited to the particular business model. Interested parties should request additional documentation related to the property’s current condition and any available leasing or operating details before making a decision.
The property is located at 3110 S Broadway Ave in Wichita, Kansas. The listing provides an address for site identification, which can support buyer and broker due diligence around access and surrounding retail context.
Because the available information does not include suite configuration, occupancy details, building improvements, or specific tenant mix, buyers will likely need to confirm those items directly through the seller and complete their normal underwriting and site review. For prospective retailers, this offering may be a candidate depending on how the existing spaces are configured and how the center is suited to the particular business model. Interested parties should request additional documentation related to the property’s current condition and any available leasing or operating details before making a decision.
Key Highlights
- Retail shopping center for sale at 3110 S Broadway Ave
- Year built: 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,794
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,880
$1.1M
Cap Rate 7%
$797,057
$797.1K
Cap Rate 9%
$619,933
$619.9K
Market Conditions
NOI Build-Up for 5,458 SF
Gross rent
$87.1K $15.96/SF
− Vacancy
−$7.4K −$1.36/SF
EGI
$79.7K $14.60/SF
− OpEx
−$23.9K −$4.38/SF
NOI
$55.8K $10.22/SF
Area
Wichita, KS
Vacancy
8.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,880
Cap Rate 7%
$797,057
Cap Rate 9%
$619,933
Alternative Uses
Best Use
Retail
$797.1K
$697.4K – $929.9K
NOI $55,794 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,599 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 47%
Hotels & Casinos 6%
QuikTrip
Shops & Services
36,790 visits/mo
0.3 miles
IHOP
Dining
12,567 visits/mo
0.3 miles
SONIC Drive In
Dining
9,258 visits/mo
0.4 miles
Arby's
Dining
8,194 visits/mo
0.3 miles
KFC
Dining
5,690 visits/mo
0.5 miles
Demographics for 67216, KS
23,212
Population
9,928
Households
2.3
Avg Household Size
34
Median Age
8%
College-Educated
78%
High-School Grad
12.2 sq mi
ZIP Area
1,903
Density / Sq Mi
$47,172
Median Household Income
$30,732
Median Earnings
$876
Median Rent
$92,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - For-sale retail shopping center at 3110 S Broadway Ave, offering a retail-oriented site for prospective operators.
Where is this shopping center located?
The property is located at 3110 S Broadway Ave. Wichita, KS.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Retail shopping center for sale at 3110 S Broadway Ave; Year built: 2002
