Leased Commercial
6659 E Harry St, Wichita, KS 67207
For Sale
$115,000
Pending
A proposed parcel division is documented, with an existing tenant lease in place.
Property Size840 SF
Days on Market13
Property Features for 6659 E Harry St
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Berkshire Hathaway PenFed Realty
(316) 636-2323
Listed By:
Shane Pullman
(316) 640-7375
Source:
Exprealty
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 8 at 6:52AM
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 Berkshire Hathaway PenFed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The commercial land is part of a larger parcel and is currently leased to Smoker Friendly. The tenant has operated at the property for an extended period and has an existing lease. Documents have been prepared for a proposed lot split; the land is currently offered as part of the larger tract pending that division.
Key Highlights
- Currently leased to Smoker Friendly
- Documents available for a proposed lot split
- Tenant has a long operating history and an existing lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,335
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,700
$166.7K
Cap Rate 7%
$119,071
$119.1K
Cap Rate 9%
$92,611
$92.6K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$12.6K $15.00/SF
− Vacancy
−$693 −$0.83/SF
EGI
$11.9K $14.17/SF
− OpEx
−$3.6K −$4.25/SF
NOI
$8.3K $9.92/SF
Area
ZIP 67207
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,700
Cap Rate 7%
$119,071
Cap Rate 9%
$92,611
Alternative Uses
Best Use
Retail
$119.1K
$104.2K – $138.9K
NOI $8,335 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$181.3K
$158.6K – $211.5K
NOI $12,691 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 33%
Home Improvements & Furnishings 33%
KFC
Dining
6,402 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
6,307 visits/mo
0.1 miles
Commerce Bank
Shops & Services
4,511 visits/mo
0.2 miles
Public Storage
Shops & Services
1,236 visits/mo
0.2 miles
Public Storage
Shops & Services
696 visits/mo
0.3 miles
Demographics for 67207, KS
28,143
Population
12,755
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
10.4 sq mi
ZIP Area
2,706
Density / Sq Mi
$66,400
Median Household Income
$39,070
Median Earnings
$961
Median Rent
$204,600
Median Home Value
Market
Properties on Market for Commercial land in Wichita
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - A proposed parcel division is documented, with an existing tenant lease in place.
Where is this commercial land located?
The property is located at 6659 E Harry St Wichita, KS.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Currently leased to Smoker Friendly; Documents available for a proposed lot split; Tenant has a long operating history and an existing lease
