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 Market170
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) 243-9929
Listed By:
Brett Gehrer
(316) 208-6160
Source:
Moodyscre
Added: Mar 30
Changed: Sep 2
Last Checked: Sep 14 at 11:46AM
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
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
$65,206
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
6.55%
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%
$1,304,120
$1.3M
Cap Rate 7%
$931,514
$931.5K
Cap Rate 9%
$724,511
$724.5K
Market Conditions
NOI Build-Up for 5,984 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
$104.1K $17.40/SF
− Vacancy
−$17.2K −$2.87/SF
EGI
$86.9K $14.53/SF
− OpEx
−$21.7K −$3.63/SF
NOI
$65.2K $10.90/SF
Area
ZIP 67212
Vacancy
16.50%
Lease Rate
$17.40 /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%
$1,304,120
Cap Rate 7%
$931,514
Cap Rate 9%
$724,511
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
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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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
