Leased Storefront
For Sale
Contact for pricing
3203 E Douglas Ave, Wichita, KS 67218
Three tenants occupy complementary professional office, service, and specialty retail spaces in a commercial storefront setting.
Property Size5,245 SF
Price / SF$209.72
Days on Market187
Property Features for 3203 E Douglas Ave
General Information
Standard status
Active
Size
5,245 SF
Class
B
Property subtype
Retail
Zoning
GC
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1930
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
J.P. Weigand & Sons Inc.
Listed By:
Matthew McClure · License #00246245
(913) 707-8992
Source:
Crexi
Added: Apr 13
Changed: Oct 4
Last Checked: Oct 14 at 10:37PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,245 SF storefront property at 3203 E Douglas Ave in Wichita includes three established tenant businesses: a law firm, a beauty spa, and a custom cabinet showroom. The property is fully leased and carries GC zoning, supporting its commercial configuration.
Constructed in 1930, the building received interior remodeling work in 2019, 2020, and 2026. It is located in the College Hill area along an East Wichita corridor described as high traffic, with the tenant mix combining professional office, service, and specialty retail uses.
Constructed in 1930, the building received interior remodeling work in 2019, 2020, and 2026. It is located in the College Hill area along an East Wichita corridor described as high traffic, with the tenant mix combining professional office, service, and specialty retail uses.
Key Highlights
- 5,245 SF storefront property at 3203 E Douglas Ave, Wichita, KS 67218
- Fully leased to 3 established tenants
- Tenant mix includes a law firm, beauty spa, and custom cabinet showroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,460
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,200
$1.3M
Cap Rate 7%
$906,571
$906.6K
Cap Rate 9%
$705,111
$705.1K
Market Conditions
NOI Build-Up for 5,245 SF
Gross rent
$105.1K $20.04/SF
− Vacancy
−$20.5K −$3.91/SF
EGI
$84.6K $16.13/SF
− OpEx
−$21.2K −$4.03/SF
NOI
$63.5K $12.10/SF
Area
Wichita, KS
Vacancy
19.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,200
Cap Rate 7%
$906,571
Cap Rate 9%
$705,111
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67218, KS
23,044
Population
11,483
Households
2
Avg Household Size
35
Median Age
25%
College-Educated
81%
High-School Grad
5.0 sq mi
ZIP Area
4,609
Density / Sq Mi
$47,905
Median Household Income
$33,750
Median Earnings
$905
Median Rent
$117,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Same Day Wichita Flower Delivery — 612 N West St, Wichita, KS 67203, United States
Frequently Asked Questions
What type of property is this?
Storefront property - Three tenants occupy complementary professional office, service, and specialty retail spaces in a commercial storefront setting.
Where is this storefront property located?
The property is located at 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: 5,245 SF storefront property at 3203 E Douglas Ave, Wichita, KS 67218; Fully leased to 3 established tenants; Tenant mix includes a law firm, beauty spa, and custom cabinet showroom
