Secure Garage Condominium
New
For Sale
Contact for pricing
6803 Taft, Wichita, KS 67209
Gated garage suites offer dedicated electrical service, rough-in plumbing, and customizable interiors.
Property Size500 SF
Price / SF$119.80
Days on Market5
Property Features for 6803 Taft
General Information
Standard status
Active
Size
500 SF
Property subtype
MULTIFAMILY
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
24/7 gated access
security
Listing Agency:
Landmark Commercial Real Estate
(316) 680-7073
Listed By:
Andrea Ray · License #00248575
(316) 680-7073
Source:
Moodyscre
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 11 at 2:22PM
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 garage condominium development offers two suite formats: 500 SF Executive Suites and 1,320 SF Elite Vault Suites. Units include durable construction, dedicated electrical service, rough-in plumbing, wide drive aisles, and interiors that can be configured by the owner. Access is controlled through a gated entry available 24/7, supporting a secure setting for personal or business use.
The property is at 6803 Taft in Wichita, Kansas, with convenient connections to Kellogg (US-54), I-235, and National Airport. Major retailers and service destinations nearby include Target, Lowe's, Chick-fil-A, and Starbucks. The combination of condominium ownership, flexible suite sizing, and commercial-corridor access creates a functional option for garage, storage, or workspace needs supported by the property's physical features.
The property is at 6803 Taft in Wichita, Kansas, with convenient connections to Kellogg (US-54), I-235, and National Airport. Major retailers and service destinations nearby include Target, Lowe's, Chick-fil-A, and Starbucks. The combination of condominium ownership, flexible suite sizing, and commercial-corridor access creates a functional option for garage, storage, or workspace needs supported by the property's physical features.
Key Highlights
- 500 SF Executive Suites and 1,320 SF Elite Vault Suites
- 24/7 gated access with wide drive aisles
- Dedicated electrical service and rough‑in plumbing
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
$3,959
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
6.61%
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%
$79,180
$79.2K
Cap Rate 7%
$56,557
$56.6K
Cap Rate 9%
$43,989
$44.0K
Market Conditions
NOI Build-Up for 500 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
$6.5K $12.96/SF
− Vacancy
−$389 −$0.78/SF
EGI
$6.1K $12.18/SF
− OpEx
−$2.1K −$4.26/SF
NOI
$4.0K $7.92/SF
Area
Wichita, KS
Vacancy
6.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
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%
$79,180
Cap Rate 7%
$56,557
Cap Rate 9%
$43,989
Alternative Uses
Best Use
Flex RnD
$56.6K
$49.5K – $66.0K
NOI $3,959 @ 7.0% cap · market cap 6.61%
Second Best
Industrial
$47.3K
$41.4K – $55.2K
NOI $3,312 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$123.8K
$108.3K – $144.4K
NOI $8,666 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Haul Moving & Storage of West Wichita — 600 S Holland St, Wichita, KS 67209
- Tool & Truck Rental Center at The Home Depot — 8444 W McCormick Ave, Wichita, KS 67209
- U-Haul Neighborhood Dealer — 1428 S Tyler Rd, Wichita, KS 67209
- VAN Rental Wichita - CARNGO — 600 s holland st, wichita, ks 67209
- U-Box at U-Haul — 600 S Holland St, Wichita, KS 67209
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Gated garage suites offer dedicated electrical service, rough-in plumbing, and customizable interiors.
Where is this parking lot & garage located?
The property is located at 6803 Taft Wichita, KS.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: 500 SF Executive Suites and 1,320 SF Elite Vault Suites; 24/7 gated access with wide drive aisles; Dedicated electrical service and rough‑in plumbing
