Retail and Service
For Sale
Contact for pricing
5620 East Kellogg Drive, Wichita, KS 67218
For sale retail and service property offering 11,250 square feet of commercial space in Wichita.
Property Size11,250 SF
Price / SF$168.44
Days on Market180
Property Features for 5620 East Kellogg Drive
General Information
Standard status
Active
Size
11,250 SF
Total Parking Spaces
111
Property subtype
Retail, Office
Lease Type
NNN
Building Details
Units
111
Listing Agency:
Landmark Commercial Real Estate
Listed By:
Brad Saville · License #KS 00041653
(316) 262-2442
Source:
Crexi
Added: Apr 13
Changed: Sep 30
Last Checked: Oct 7 at 11:20AM
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 Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail and service center provides 11,250 square feet of commercial space designed to support retail and service uses. The property is categorized as both retail space and office space within the available materials, giving it flexibility for appropriate tenants depending on their operational needs.
The asset is located at 5620 East Kellogg Drive in Wichita, Kansas 67218. With its commercial configuration and mixed retail/service and office-space classification, the property may appeal to buyers looking for a straightforward platform for neighborhood-oriented retail and service activity.
Prospective tenants and buyers can review the available retail and office-space framing as they evaluate how the existing space can be adapted to their specific use requirements.
The asset is located at 5620 East Kellogg Drive in Wichita, Kansas 67218. With its commercial configuration and mixed retail/service and office-space classification, the property may appeal to buyers looking for a straightforward platform for neighborhood-oriented retail and service activity.
Prospective tenants and buyers can review the available retail and office-space framing as they evaluate how the existing space can be adapted to their specific use requirements.
Key Highlights
- For sale retail and service property with 11,250 sq ft of commercial space
- Commercial property in Wichita
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,115
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,300
$2.7M
Cap Rate 7%
$1,944,500
$1.9M
Cap Rate 9%
$1,512,389
$1.5M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$225.5K $20.04/SF
− Vacancy
−$44.0K −$3.91/SF
EGI
$181.5K $16.13/SF
− OpEx
−$45.4K −$4.03/SF
NOI
$136.1K $12.10/SF
Area
Wichita, KS
Vacancy
19.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,300
Cap Rate 7%
$1,944,500
Cap Rate 9%
$1,512,389
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.27M
NOI $136,115 @ 7.0% cap · market cap 7.18%
Second Best
Retail
$1.64M
$1.44M – $1.92M
NOI $115,002 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $194,988 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 67218, KS
23,044
Population
11,483
Households
2
Avg Household Size
35
Median Age
25%
College-Educated
81%
High-School Grad
5.0 sq mi
ZIP Area
4,609
Density / Sq Mi
$47,905
Median Household Income
$33,750
Median Earnings
$905
Median Rent
$117,700
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?
Retail space - For sale retail and service property offering 11,250 square feet of commercial space in Wichita.
Where is this retail space located?
The property is located at 5620 East Kellogg Drive Wichita, KS.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: For sale retail and service property with 11,250 sq ft of commercial space; Commercial property in Wichita
