Restaurant Building with Private Event
For Sale
Contact for pricing
Pending
4407 W MAPLE ST, Wichita, KS 67209
Fully equipped restaurant building with a bar, reception, office, and private event room designed for up to 112 guests.
Property Size3,844 SF
Days on Market110
Property Features for 4407 W MAPLE ST
General Information
Standard status
Pending
Size
3,844 SF
Class
B
Total Parking Spaces
45
Property subtype
Retail
Zoning
LC - Limited Commercial
Investment Type
Owner/User
Additional Details
Business Included
Yes
Traffic Count
89,000 vehicles/day
Building Details
Year Built
2007
Stories
1
Units
1
Listing Agency:
Lange Real Estate
Listed By:
Daniel Sanchez · License #00249356
(164) 940-0203
Source:
Crexi
Added: Jun 4
Changed: Sep 10
Last Checked: Sep 21 at 3:41AM
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 Lange Real Estate
Investment Insights
Based on property information with market context.
This restaurant building offers approximately 3,800+ square feet of space configured for full service. The interior includes a bar, a private event room, an office, and a reception area. The layout is designed to accommodate dining and hosted gatherings up to 112 guests. All Furniture, Fixtures & Equipment conveys at no additional cost, providing immediate use without the need for a ground-up build-out.
The property is positioned at a hard, signalized corner in West Wichita, offering strong visibility to passing traffic. Nearby W Kellogg Dr is reported to carry over 89,000 vehicles per day, supporting walk-in and drive-by exposure.
For operators and buyers seeking a ready-to-run restaurant platform, the existing improvements provide a practical foundation for continuing or restarting service. The combination of guest-facing areas, private event space, and back-of-house support (office) can support a range of day-to-day restaurant operations and hosted functions, with FF&E already included to help reduce initial outfitting time and expense.
The property is positioned at a hard, signalized corner in West Wichita, offering strong visibility to passing traffic. Nearby W Kellogg Dr is reported to carry over 89,000 vehicles per day, supporting walk-in and drive-by exposure.
For operators and buyers seeking a ready-to-run restaurant platform, the existing improvements provide a practical foundation for continuing or restarting service. The combination of guest-facing areas, private event space, and back-of-house support (office) can support a range of day-to-day restaurant operations and hosted functions, with FF&E already included to help reduce initial outfitting time and expense.
Key Highlights
- 3,800+ SF restaurant building built in 2007
- Hard signalized corner location in West Wichita with over 89,000 vehicles passing daily on nearby W Kellogg Dr
- Fully equipped interior with a bar, reception, office, and private event room
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
$45,687
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
7.68%
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%
$913,740
$913.7K
Cap Rate 7%
$652,671
$652.7K
Cap Rate 9%
$507,633
$507.6K
Market Conditions
NOI Build-Up for 3,844 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
$65.5K $17.04/SF
− Vacancy
−$4.6K −$1.19/SF
EGI
$60.9K $15.85/SF
− OpEx
−$15.2K −$3.96/SF
NOI
$45.7K $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%
$913,740
Cap Rate 7%
$652,671
Cap Rate 9%
$507,633
Alternative Uses
Best Use
Specialty Retail
$652.7K
$571.1K – $761.5K
NOI $45,687 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.8K
$832.8K – $1.11M
NOI $66,625 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
89,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
257k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 33%
Apparel 22%
Electronics 2%
QuikTrip
Shops & Services
39,644 visits/mo
0.4 miles
McDonald's
Dining
25,522 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
21,537 visits/mo
0.3 miles
PetSmart
Shops & Services
20,256 visits/mo
0.3 miles
JCPenney
Apparel
15,959 visits/mo
0.2 miles
Demographics for 67209, KS
14,217
Population
5,381
Households
2.6
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
1,156
Density / Sq Mi
$86,103
Median Household Income
$47,939
Median Earnings
$942
Median Rent
$209,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant building with a bar, reception, office, and private event room designed for up to 112 guests.
Where is this conventional restaurant located?
The property is located at 4407 W MAPLE ST Wichita, KS.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,800+ SF restaurant building built in 2007; Hard signalized corner location in West Wichita with over 89,000 vehicles passing daily on nearby W Kellogg Dr; Fully equipped interior with a bar, reception, office, and private event room
