Building Details

Year Built 1997

Stories 1

Units 2

Tenancy Single

Listing Agency: Northmarq Capital, LLC

Listed By: Chad Byerly · License #OK 155856 Show Phone

Source: Crexi

Added: May 8 Changed: Oct 25 Last Checked: Nov 6 at 8:21AM

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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 Northmarq Capital, LLC

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Investment Insights

Based on property information with market context.

The offering includes the 100% fee simple interest in a PetSmart retail property located at 533 S Tracy St in Wichita, Kansas. The asset is a 26,988-square-foot building situated on a 3.20-acre parcel.

As presented, the property is operated as a PetSmart location, providing a purpose-built retail footprint for the tenant.

This is a straight-forward acquisition of the existing retail building and land parcel in fee simple.

Key Highlights

• Single‑tenant PetSmart building for sale as 100% fee simple interest
• 26,988‑square‑foot building
• Situated on a 3.20‑acre parcel of land

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$275,882

Cap Rate

6.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,517,640 $5.5M

Cap Rate 7%

$3,941,171 $3.9M

Cap Rate 9%

$3,065,356 $3.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 26,988 SF

Gross rent

$430.7K $15.96/SF

− Vacancy

−$36.6K −$1.36/SF

EGI

$394.1K $14.60/SF

− OpEx

−$118.2K −$4.38/SF

NOI

$275.9K $10.22/SF

Area

Wichita, KS

Vacancy

8.50%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,517,640

Cap Rate 7%

$3,941,171

Cap Rate 9%

$3,065,356

Alternative Uses

Best Use

Retail

$3.94M

$3.45M – $4.60M (±1% cap)

NOI $275,882 @ 7.0% cap · market cap 6.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.68M

$5.85M – $7.80M (±1% cap)

NOI $467,762 @ 7.0% cap · market cap 11.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

PetSmart (Bike/Boat/Book/etc) Store Banfield Pet Hospital Veterinary Clinic TagWorks (Bike/Boat/Book/etc) Store PetSmart Grooming Pet Grooming Service PetSmart Dog Training Animal Training

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Pharmacy Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

586

Businesses Nearby

280k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 42% Shops & Services 30% Apparel 20% Electronics 6%

QuikTrip Shops & Services

39,644 visits/mo 0.4 miles

McDonald's Dining

25,522 visits/mo 0.2 miles

DICK'S Sporting Goods Apparel

21,537 visits/mo 0.5 miles

Dutch Bros. Coffee Dining

20,995 visits/mo 0.2 miles

PetSmart Shops & Services

20,256 visits/mo 0.1 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

Market

Properties on Market for Retail space in Wichita

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Single-tenant PetSmart building offered for sale as 100% fee simple interest.

Where is this retail space located?

The property is located at 533 South Tracy Street Wichita, KS.

What is the asking price?

The asking price for this property is $4,095,000.

What are key features of this property?

This property features: Single‑tenant PetSmart building for sale as 100% fee simple interest; 26,988‑square‑foot building; Situated on a 3.20‑acre parcel of land