Office/Warehouse Flex
703 W 53rd St N Wichita, KS 67204
For Sale
Contact for pricing
Industrial flex space combines 2,600 SF of warehouse area with a 3,400 SF office suite on 3.86 acres.
Property Size6,000 SF
Lot Size3.86 Acres
Price / SF$113.33
Days on Market311
Property Features for 703 W 53rd St N
General Information
Standard status
Active
Size
6,000 SF
Lot size
3.86 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Landmark Commercial Real Estate
(316) 409-8445
Listed By:
Ted Branson, SIOR · License #00238981
(316) 409-8445
Source:
Moodyscre
Added: Sep 22, 2025
Changed: Jul 28
Last Checked: Jul 28 at 9:15PM
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 office/warehouse flex facility includes 3,400 SF of office space and 2,600 SF of warehouse space, totaling 3.86 acres. The property is described as well-suited for distribution, manufacturing, or service operations and is supported by on-site land, ample parking, and loading areas.
Access is highlighted via I-135, Highway 254, and major arterial roads. The building is positioned in Wichita’s industrial corridor and is described as being surrounded by a mix of commercial and residential developments.
The property is noted as being zoned for industrial use/office warehouse, offering a functional site configuration for businesses that need both work space and warehouse operations.
Access is highlighted via I-135, Highway 254, and major arterial roads. The building is positioned in Wichita’s industrial corridor and is described as being surrounded by a mix of commercial and residential developments.
The property is noted as being zoned for industrial use/office warehouse, offering a functional site configuration for businesses that need both work space and warehouse operations.
Key Highlights
- Industrial flex space with 2,600 SF warehouse and a 3,400 SF office suite.
- Set on 3.86 acres with more than 3 acres of land plus ample parking and loading areas.
- Zoned for industrial use/Office Warehouse.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $10.56 |
| − Vacancy | −$2.9k | −$0.48 |
| EGI | $60.5k | $10.08 |
| − OpEx | −$9.1k | −$1.51 |
| NOI | $51.4k | $8.57 |
6,000 SF · lease $10.56/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.04M
$907.4K – $1.21M
NOI $72,595 @ 7.0% cap · market cap 10.68%
Second Best
Warehouse
$734.7K
$642.9K – $857.2K
NOI $51,432 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $103,993 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space combines 2,600 SF of warehouse area with a 3,400 SF office suite on 3.86 acres.
Where is this flex space located?
The property is located at 703 W 53rd St N Wichita, KS.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Industrial flex space with 2,600 SF warehouse and a 3,400 SF office suite.; Set on 3.86 acres with more than 3 acres of land plus ample parking and loading areas.; Zoned for industrial use/Office Warehouse.
