Fully Leased Retail and
3201-3203 E Douglas Ave Wichita, KS 67218
For Sale
Contact for pricing
Three established tenants operate a law firm, beauty spa, and custom cabinet showroom in a remodeled commercial property.
Property Size5,245 SF
Price / SF$209.72
Days on Market132
Property Features for 3201-3203 E Douglas Ave
General Information
Standard status
Active
Size
5,245 SF
Property subtype
RETAIL
Listing Agency:
J.P. Weigand & Sons, Inc.
(913) 707-8992
Listed By:
Matthew McClure · License #00246245
(913) 707-8992
Source:
Moodyscre
Added: Mar 20
Changed: Jul 26
Last Checked: Jul 28 at 12:40PM
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 fully leased commercial property includes three established tenants across complementary business types: a law firm operating as a professional office, a beauty spa with service and retail uses, and a custom cabinet showroom providing specialty retail.
The interior has been remodeled in 2019, 2020, and 2026. Financial information is available upon request, and prospective parties are asked not to disturb tenants—contact the broker for details.
The property is offered for sale as a turn-key, income-producing building with the current tenant mix already in place.
The interior has been remodeled in 2019, 2020, and 2026. Financial information is available upon request, and prospective parties are asked not to disturb tenants—contact the broker for details.
The property is offered for sale as a turn-key, income-producing building with the current tenant mix already in place.
Key Highlights
- Fully leased commercial property with 3 established tenants: law firm, beauty spa, and custom cabinet showroom
- Diversified tenant mix across professional office, service/retail, and specialty retail business types
- Interior remodeled in 2019, 2020, and 2026
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 | $105.1k | $20.04 |
| − Vacancy | −$20.5k | −$3.91 |
| EGI | $84.6k | $16.13 |
| − OpEx | −$21.2k | −$4.03 |
| NOI | $63.5k | $12.10 |
5,245 SF · lease $20.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$906.6K
$793.3K – $1.06M
NOI $63,460 @ 7.0% cap · market cap 5.77%
Second Best
Retail
$765.9K
$670.2K – $893.6K
NOI $53,616 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,908 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Acme Brick Tile & Stone — 935 S West St, Wichita, KS 67213
Frequently Asked Questions
What type of property is this?
Showroom - Three established tenants operate a law firm, beauty spa, and custom cabinet showroom in a remodeled commercial property.
Where is this showroom located?
The property is located at 3201-3203 E Douglas Ave Wichita, KS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully leased commercial property with 3 established tenants: law firm, beauty spa, and custom cabinet showroom; Diversified tenant mix across professional office, service/retail, and specialty retail business types; Interior remodeled in 2019, 2020, and 2026
