Standalone Office Building with Demisable
For Sale
Contact for pricing
530 N Ridge Rd, Wichita, KS 67212
Standalone office building with street exposure and the ability to be demised into multiple tenant spaces.
Property Size5,984 SF
Price / SF$166.28
Days on Market123
Property Features for 530 N Ridge Rd
General Information
Standard status
Active
Size
5,984 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Petra RE Brokerage, LLC
(316) 208-6160
Listed By:
Brett Gehrer
(316) 208-6160
Source:
Moodyscre
Added: Mar 30
Changed: Jul 30
Last Checked: Jul 30 at 10:36AM
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 Petra RE Brokerage, LLC
Investment Insights
Based on property information with market context.
Standalone office building available for sale or lease, offering flexible occupancy with the ability to be demised into (3) 2,000 SF spaces. The building is 5,984 SF total and is set up to support multiple users and their clients.
The property is located on Ridge Road with great street exposure, less than a minute north of Wichita’s airport. On-site parking is available to accommodate 3 users and their clients.
This configuration supports office tenants looking for either a single space or a smaller footprint within a demisable building, with convenient on-site parking for daily operations.
The property is located on Ridge Road with great street exposure, less than a minute north of Wichita’s airport. On-site parking is available to accommodate 3 users and their clients.
This configuration supports office tenants looking for either a single space or a smaller footprint within a demisable building, with convenient on-site parking for daily operations.
Key Highlights
- 5,984 SF standalone office building
- Demisable to (3) 2,000 SF spaces
- Great street exposure along Ridge Road
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.1k | $17.40 |
| − Vacancy | −$17.2k | −$2.87 |
| EGI | $86.9k | $14.53 |
| − OpEx | −$21.7k | −$3.63 |
| NOI | $65.2k | $10.90 |
5,984 SF · lease $17.40/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$931.5K
$815.1K – $1.09M
NOI $65,206 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,397 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 67212, KS
43,587
Population
19,409
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
3,487
Density / Sq Mi
$64,957
Median Household Income
$42,601
Median Earnings
$1,021
Median Rent
$189,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office building with street exposure and the ability to be demised into multiple tenant spaces.
Where is this office building located?
The property is located at 530 N Ridge Rd Wichita, KS.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,984 SF standalone office building; Demisable to (3) 2,000 SF spaces; Great street exposure along Ridge Road
