High-Visibility Retail/Restaurant
For Sale
Contact for pricing
434 S West St, Wichita, KS
Prime location near national brands, suitable for retail or restaurant.
Property Size5,600 SF
Lot Size0.40 Acres
Price / SF$174.11
Days on Market455
Property Features for 434 S West St
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.40 Acres
Property subtype
RETAIL
Properties For Sale
at 434 S West St Contact us- Size
- 5,600 SF
- Type
- RETAIL
- Lease Type
- NET_NNN
- Availability
- AVAILABLE
- Sublease
- No
Highly Visible Kellogg & West St Location
FOR SALE or LEASE - Highly visible West Street location adjacent to McDonald’s...
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Contact us
Listing Agency:
Pestinger Real Estate
(316) 650-2606
Listed By:
Rob Pestinger · License #00046223
(316) 650-2606
Source:
Moodyscre
Added: May 12, 2025
Changed: Aug 8
Last Checked: May 20 at 9:32PM
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 Pestinger Real Estate
Investment Insights
Based on property information with market context.
Located on West Street, this property benefits from high visibility and is situated adjacent to a McDonald’s, between Kellogg and Taft Streets, in an area populated with national and local quick-service brands. The site experiences approximately 29,000 vehicles daily at the intersection of West and Taft. The property features a 5,600-square-foot concrete block building on a 17,402-square-foot lot with 135 feet of frontage on West Street. Zoned as Limited Industrial, the site is suitable for various uses, including retail, restaurants, and office spaces. Nearby national and local brands include McDonald’s, KFC, Starbucks, Dutch Brothers, Bank of America, Wells Fargo, Arby’s, Dunkin Donuts, Verizon, Casey’s, Spangles, Burger King, and Star Lumber & Supply. The property is currently occupied by Salon Brands, which will be vacating the site on August 1, 2025. The property is available for sale or lease. The owner will consider a build-to-suit option with a longer-term lease.
Key Highlights
- High‑visibility location on West Street with approximately 29,000 vehicle traffic count.
- Broad Limited Industrial zoning suitable for retail, restaurants, and office uses.
- 135’ frontage on West Street.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,558
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,331,160
$1.3M
Cap Rate 7%
$950,829
$950.8K
Cap Rate 9%
$739,533
$739.5K
Market Conditions
NOI Build-Up for 5,600 SF
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.
Gross rent
$95.4K $17.04/SF
− Vacancy
−$6.7K −$1.19/SF
EGI
$88.7K $15.85/SF
− OpEx
−$22.2K −$3.96/SF
NOI
$66.6K $11.89/SF
Area
Wichita, KS
Vacancy
7.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,331,160
Cap Rate 7%
$950,829
Cap Rate 9%
$739,533
Alternative Uses
Best Use
Specialty Retail
$950.8K
$832.0K – $1.11M
NOI $66,558 @ 7.0% cap · market cap 6.83%
Second Best
Retail
$817.8K
$715.6K – $954.1K
NOI $57,245 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,060 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime location near national brands, suitable for retail or restaurant.
Where is this retail space located?
The property is located at 434 S West St Wichita, KS.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: High‑visibility location on West Street with approximately 29,000 vehicle traffic count.; Broad Limited Industrial zoning suitable for retail, restaurants, and office uses.; 135’ frontage on West Street.
