Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Delano District Commercial Opportunity Title is generated by Realmo AI

    470 N Seneca, Wichita, KS 67203

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    COMMERCIAL - Wichita, KS

    Property size:
    20,776 SF
    Lot size:
    0.70 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    22
    Last Refresh:
    May 13 at 9:06 am

    Property Features for 470 N Seneca

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Limited Ind
    Standard status
    Active
    APN
    124-20-0-22-02-003.00
    Size
    20,776 SF
    Lot size
    0.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    EVEN LOTS 134 TO 148 INC & 40 FT VAC CEDAR ST ADJ LOT 148 ON N SENECA ST. NIEDERLANDER'S ADD.
    Tax Annual Amount
    6792

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Flat

    We can help!

    Listing Contact
    Braden McCurdy
    Braden McCurdy

    Listing agent Braden McCurdy License #BR00052737

    Listing office McCurdy Real Estate & Auction, LLC 12041 E 13th St N, wichita, KS

    Listing date Apr 22, 2026

    MLS# 671838

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the Delano District near McLean and Seneca with high traffic count.
    • Significant redevelopment or rehab opportunity with potential qualified opportunity zone benefits.
    • Large 20,776+\/- square‑foot commercial property suitable for retail, office, or showroom use.
    • Online‑only auction with no minimum bid and no reserve.
    • Zoned LI Limited Industrial & Delano District, allowing for a range of potential uses, including potential multi‑family development.
    • Features include 5 overhead doors, 7 man doors, 5 offices, 3 restrooms, 12 ft+ ceilings, paved parking, and a mezzanine story.

    Overview

    This 20,776 square-foot commercial property is located near the intersection of McLean and Seneca in the Delano District, a short walk from the Keeper of the Plains. The property is surrounded by steady traffic and established businesses, offering an opportunity for retail, office, or showroom use. The location has an approximate daily traffic count of 32,000 at the corner of McLean and Seneca. The property is zoned LI Limited Industrial & Delano District. The surrounding businesses include Phillip's 66, Merle's Food & Spirits, Family Dollar, and Exploration Place. The building features a storefront on Seneca, paved parking, and an open concept layout. It includes 5 overhead doors, 7 man doors, 5 offices, and 3 restrooms. The ground level has ceilings of 12 ft+. There is a mezzanine story. The interior has multiple lock-off configuration options or tenant suite options and is currently accessible in three sections. Potential Multi-Family development and redevelopment opportunity with potential qualified opportunity zone. The property is located on 0.7 acres in Wichita, KS. Fire damage in warehouse at SE corner of building has caused smoke damage in the south spaces. Portions of the property may have dangerous conditions. Enter at your own risk.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Law Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Delano Secure Storage — 1642 W Douglas Ave, Wichita, KS 67203
    • American Red Cross Mobile Unit Supply Distribution Center — N Wichita St, Wichita, KS 67203

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.352716
    Latitude
    37.689914

    Nearby Similar for Sale

    • $590,000

      Adaptable Commercial Building in Wichita

      5,816 SF commercial building suitable for various uses.
      3223 W 13th St. N, Wichita, KS 67203
      View Details
    • Contact for pricing
      6,000 SF

      Versatile Commercial Shop Building

      6,000+/- sq. ft. shop on 0.87+/- acres.
      2325 S Crest, Wichita, KS 67207
      View Details
    • $249,900

      Versatile Commercial Property in Wichita

      Commercial property with overhead doors, ideal for automotive businesses.
      3419 E Harry St, Wichita, KS 67218
      View Details
    • $497,800
      2,960 SF

      New Duplexes in Crescent Creek

      Desirable duplexes with modern amenities in Wichita's Crescent Creek.
      711 N Rainbow Lake Suite 100, Wichita, KS 67235
      View Details
    • $319,899

      Mixed-Use Investment Opportunity

      Seven units with retail and residential spaces for sale.
      220-224 W Harry St, Wichita, KS 67213
      View Details
    • $398,000
      3,064 SF

      Wichita Twin Home Investment Opportunity

      Two-story duplex with rental income potential in Wichita, Kansas.
      1323 W Nottingham Cir, Wichita, KS 67204
      View Details
    • $350,000
      2,562 SF

      New Duplex Under Construction

      New construction duplex with modern finishes and strong rental appeal.
      437 N Grove St # 439, Wichita, KS 67214
      View Details
    • $380,000
      2,390 SF

      New Duplex in Goddard Schools

      Modern duplex in Wichita's Goddard School District with low-maintenance living.
      12826 & 12828 W Red Rock St, Wichita, KS 67235
      View Details
    • $128,000
      2,340 SF

      Wichita Multifamily Renovation Opportunity

      Four-unit property in East Wichita with renovation potential.
      535 S Hunter, Wichita, KS 67207
      View Details
    • $365,000
      1,920 SF

      Well-Maintained Duplex in West Wichita

      Turnkey duplex in prime location, ideal for owner-occupants or investors.
      2242 N Shefford Cir, Wichita, KS 67205
      View Details
    • $395,000
      4,344 SF

      New Duplex with Modern Layout

      New construction duplex with 4 bedrooms, 3 baths, fenced yard.
      731-733 N Elder St, Wichita, KS 67212
      View Details
    • $1,925,000
      15,237 SF

      Newer Multifamily Investment Opportunity

      Newer construction multifamily portfolio with 18 units in Wichita.
      3212-3244 S Victoria Ave, Wichita, KS 67216
      View Details

    FAQs

    What type of property is this?
    Warehouse - 20,776 SF commercial property in Wichita's Delano District.
    Where is this warehouse located?
    The property is located at 470 N Seneca Wichita, KS.
    What are key features of this property?
    This property features: Prime location in the Delano District near McLean and Seneca with high traffic count.; Significant redevelopment or rehab opportunity with potential qualified opportunity zone benefits.; Large 20,776+\/- square‑foot commercial property suitable for retail, office, or showroom use.
    (316) 683-0612
    We can help!
    Listing Contact
    Braden McCurdy
    Braden McCurdy
    Real Estate License ID: BR00052737
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    470 N Seneca, Wichita, KS 67203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!