Flex Space with Multi-Bay
New
For Sale
$389,950
414 W Wilson Street, Ottawa, KS 66062
Commercial Sale, Ottawa, KS
Property Size3,500 SF
Lot Size0.90 Acres
Price / SF$111.41
Days on Market5
Property Features for 414 W Wilson Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
city
Parking features
Parking Lot
Interior features
Private Restroom
Exterior features
Delivery Door(s)
Directions
From Main Street in Ottawa, head north to W. Wilson Street, then turn west. Continue west on W. Wilson Street to 414 W. Wilson Street. The property will be on your route along the north side of the street.
Subdivision
385 - Franklin County, KS
Standard status
Active
APN
087-26-0-40-04-003.00-0
Lot size
0.90 Acres
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Tax Description
To be determined
Tax Annual Amount
6059
Legal Description
To be determined
Utilities
Utilities
Water Available
Building Details
Year built
1960
Floors in Building
1
Buildings
2
Listing Agency:
KW Diamond Partners · Keller Williams Realty
(913) 322-7500
Listed By:
Brent Rodina · License #00238165
(785) 214-9670
Added: Nov 2
Last Checked: Nov 6 at 6:06AM
MLS# 2649976
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 3,500-square-foot property includes a front building with office space, a salon area, two bathrooms and a shop. Its service features include two 10-foot garage doors and a loading dock. A separate building adds six garage bays, each with a 14-foot overhead door.
Set on 0.8989 acres, the property was built in 1960 and has a parking lot. Water is available.
Set on 0.8989 acres, the property was built in 1960 and has a parking lot. Water is available.
Key Highlights
- 3,500‑square‑foot property on 0.8989 acres
- Front building includes office space, a salon area, two bathrooms and a shop
- Two 10‑foot garage doors and a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,928
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,560
$318.6K
Cap Rate 7%
$227,543
$227.5K
Cap Rate 9%
$176,978
$177.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$20.0K $5.72/SF
− Vacancy
−$1.3K −$0.37/SF
EGI
$18.7K $5.35/SF
− OpEx
−$2.8K −$0.80/SF
NOI
$15.9K $4.55/SF
Area
Johnson County, KS
Vacancy
6.40%
Lease Rate
$5.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,560
Cap Rate 7%
$227,543
Cap Rate 9%
$176,978
Alternative Uses
Best Use
Warehouse
$227.5K
$199.1K – $265.5K
NOI $15,928 @ 7.0% cap · market cap 4.08%
Second Best
Industrial
$188.0K
$164.5K – $219.3K
NOI $13,159 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$847.1K
$741.2K – $988.3K
NOI $59,295 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A two-building property combines office and shop areas with additional garage capacity.
Where is this flex space located?
The property is located at 414 W Wilson Street Ottawa, KS.
What is the asking price?
The asking price for this property is $389,950.
What are key features of this property?
This property features: 3,500‑square‑foot property on 0.8989 acres; Front building includes office space, a salon area, two bathrooms and a shop; Two 10‑foot garage doors and a loading dock
