Medical Office
For Sale
$2,000,000
655 North Woodlawn Boulevard, Wichita, KS 67208
Available suites support medical, dental, clinic, and general office uses.
Property Size11,891 SF
Days on Market71
Property Features for 655 North Woodlawn Boulevard
General Information
Standard status
Active
Size
11,891 SF
Class
B
Property subtype
Office
Building Details
Building Size
11,891 SF
Year Built
1982
Listing Agency:
NAI Martens
Listed By:
Trevor Stacy, CCIM · License #00244816
(316) 613-2449
Source:
Naimartens
Added: Aug 9
Changed: Oct 1
Last Checked: Oct 16 at 6:05AM
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 NAI Martens
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Investment Insights
Based on property information with market context.
This professional office property offers suites identified for medical, dental, clinic, and general office purposes. The building was constructed in 1982 and is located at 655 North Woodlawn Boulevard in Wichita, Kansas.
Key Highlights
- Medical, dental, clinic, and general office suite uses identified
- Professional office building constructed in 1982
- Located at 655 North Woodlawn Boulevard, Wichita, KS 67208
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,871
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,877,420
$2.9M
Cap Rate 7%
$2,055,300
$2.1M
Cap Rate 9%
$1,598,567
$1.6M
Market Conditions
NOI Build-Up for 11,891 SF
Gross rent
$238.3K $20.04/SF
− Vacancy
−$46.5K −$3.91/SF
EGI
$191.8K $16.13/SF
− OpEx
−$48.0K −$4.03/SF
NOI
$143.9K $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%
$2,877,420
Cap Rate 7%
$2,055,300
Cap Rate 9%
$1,598,567
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $143,871 @ 7.0% cap · market cap 7.19%
Second Best
Healthcare Medical
$2.01M
$1.76M – $2.35M
NOI $141,008 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,097 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 67208, KS
17,901
Population
8,067
Households
2.2
Avg Household Size
33
Median Age
41%
College-Educated
94%
High-School Grad
5.0 sq mi
ZIP Area
3,580
Density / Sq Mi
$60,049
Median Household Income
$39,056
Median Earnings
$1,008
Median Rent
$179,100
Median Home Value
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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?
Medical Office Space - Available suites support medical, dental, clinic, and general office uses.
Where is this medical office space located?
The property is located at 655 North Woodlawn Boulevard 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: Medical, dental, clinic, and general office suite uses identified; Professional office building constructed in 1982; Located at 655 North Woodlawn Boulevard, Wichita, KS 67208
