Warehouse with Fenced
501-507 S Saint Francis Ave, Wichita, KS 67202
For Sale
Contact for pricing
The sale includes a secured outdoor area for parking or yard use and multiple overhead doors.
Property Size12,802 SF
Price / SF$156.23
Days on Market31
Property Features for 501-507 S Saint Francis Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Outdoor Storage
Additional Details
Property Use
Listing Agency:
J.P. Weigand & Sons, Inc.
(316) 262-6400
Listed By:
Brandon Tidemann · License #00048957
(316) 371-8347
Source:
Moodyscre
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 7 at 1:42PM
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 J.P. Weigand & Sons, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property contains 12,802 square feet and includes four overhead doors: two measuring 12' x 14', one at 10' x 12', and one at 14' x 14'. An 80' x 100' fenced area provides space for parking or outdoor storage. The business occupying the property is relocating, and a leaseback may be possible.
The property is at 501-507 S Saint Francis Ave in Wichita, near Intrust Bank Arena.
The property is at 501-507 S Saint Francis Ave in Wichita, near Intrust Bank Arena.
Key Highlights
- 12,802‑square‑foot warehouse
- 80' x 100' fenced yard or parking area
- Two 12' x 14' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,740
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,800
$2.2M
Cap Rate 7%
$1,567,714
$1.6M
Cap Rate 9%
$1,219,333
$1.2M
Market Conditions
NOI Build-Up for 12,802 SF
Gross rent
$135.2K $10.56/SF
− Vacancy
−$6.1K −$0.48/SF
EGI
$129.1K $10.08/SF
− OpEx
−$19.4K −$1.51/SF
NOI
$109.7K $8.57/SF
Area
Wichita, KS
Vacancy
4.50%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,800
Cap Rate 7%
$1,567,714
Cap Rate 9%
$1,219,333
Alternative Uses
Best Use
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,740 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,887 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,722
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67202, KS
2,435
Population
1,778
Households
1.4
Avg Household Size
35
Median Age
53%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,435
Density / Sq Mi
$67,892
Median Household Income
$41,160
Median Earnings
$1,039
Median Rent
Market
Properties on Market for Warehouses in Wichita
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Shift Auto Society — 406 S Market St, Wichita, KS 67202
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- Taxy Storage Units — 150 N Mosley Ave, Wichita, KS 67202
- 2nd Street Storage — 250 n mathewson ave, wichita, ks 67214
- American Red Cross Mobile Unit Supply Distribution Center — N Wichita St, Wichita, KS 67203
Frequently Asked Questions
What type of property is this?
Warehouse - The sale includes a secured outdoor area for parking or yard use and multiple overhead doors.
Where is this warehouse located?
The property is located at 501-507 S Saint Francis Ave Wichita, KS.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12,802‑square‑foot warehouse; 80' x 100' fenced yard or parking area; Two 12' x 14' overhead doors
