New Construction Flex Warehouse
331 S Greenwich Rd Wichita, KS 67207
For Sale
Contact for pricing
New-construction flex/warehouse with ten small-bay units, 14-foot auto doors, and office space with restroom.
Property Size18,750 SF
Lot Size2.22 Acres
Price / SF$90.67
Days on Market141
Property Features for 331 S Greenwich Rd
General Information
Standard status
Active
Size
18,750 SF
Lot size
2.22 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Berkshire Hathaway PenFed Realty
(316) 461-6297
Listed By:
Dave Brown · License #SP 00054967
(316) 461-6297
Source:
Moodyscre
Added: Mar 11
Changed: Jul 25
Last Checked: Jul 28 at 12:24PM
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 Berkshire Hathaway PenFed Realty
Investment Insights
Based on property information with market context.
New construction flex warehouse totaling 18,750 SF across ten individual units, each with approximately 1,882 to 1,888 SF. Units feature 20’ ceilings and include insulated overhead doors sized 10’ wide by 14’ high. Each unit also includes a modest office buildout with a restroom, totaling approximately 322 SF per unit.
The property sits on 2.22 paved acres and is described as having direct access to US-54/400, supported by 14’ auto doors sized for practical loading and a fully paved site for site operations. A 200-amp 3-phase electrical service is noted for the buildings.
Additional materials are included showing site plans for a second 10-unit flex warehouse building on the south side, potentially expanding the overall footprint.
The property sits on 2.22 paved acres and is described as having direct access to US-54/400, supported by 14’ auto doors sized for practical loading and a fully paved site for site operations. A 200-amp 3-phase electrical service is noted for the buildings.
Additional materials are included showing site plans for a second 10-unit flex warehouse building on the south side, potentially expanding the overall footprint.
Key Highlights
- New‑construction flex/warehouse with 10 units totaling 18,750 SF on 2.22 paved acres
- Units are 1,882–1,888 SF each with small‑bay layouts and 14’ auto doors for drive‑through loading
- 14’ auto doors plus 20’ ceilings and fully paved site for logistics and heavy parking
Financial Insights For Flex RnD
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 | $258.8k | $13.80 |
| − Vacancy | −$19.4k | −$1.04 |
| EGI | $239.3k | $12.77 |
| − OpEx | −$83.8k | −$4.47 |
| NOI | $155.6k | $8.30 |
18,750 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.35M
NOI $201,285 @ 7.0% cap · market cap 11.84%
Second Best
Flex RnD
$2.22M
$1.94M – $2.59M
NOI $155,573 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,284 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Wild Greens — 12321 E Central Ave, Wichita, KS 67206
Frequently Asked Questions
What type of property is this?
Flex space - New-construction flex/warehouse with ten small-bay units, 14-foot auto doors, and office space with restroom.
Where is this flex space located?
The property is located at 331 S Greenwich Rd Wichita, KS.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: New‑construction flex/warehouse with 10 units totaling 18,750 SF on 2.22 paved acres; Units are 1,882–1,888 SF each with small‑bay layouts and 14’ auto doors for drive‑through loading; 14’ auto doors plus 20’ ceilings and fully paved site for logistics and heavy parking
