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    Industrial Property with Upgrades Title is generated by Realmo AI

    7236 E Harry St, Wichita, KS 67207

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    49,862 SF industrial property featuring recent upgrades and ample parking.

    Type:Industrial
    Property size:
    49,862 SF
    Lot size:
    6.25 Acres
    Price / SF:
    $80/SF
    Added:
    Aug 27, 2024
    Days on Market:
    662
    Last Refresh:
    May 12 at 9:44 pm

    Property Features for 7236 E Harry St

    General Information

    Standard status
    Active
    Size
    49,862 SF
    Lot size
    6.25 Acres
    Property subtype
    Industrial

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    Listing Contact
    Patrick Ahern
    Patrick Ahern

    Listing agent Patrick Ahern License #KS SP00052327

    Listing office NAI Martens

    Listing date Aug 27, 2024

    Source Crexi

    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

    HighLights

    • 49,862 SF on 6.25 Acre Site
    • $1 Million in Upgrades in 2021
    • Cummins Backup Generator 225 KVA UPS Automatic Transfer Switch
    • 500+ Parking Spaces
    • Large open floor space
    • Raised Floor Data Room Battery Monitoring System

    Overview

    This industrial property offers 49,862 square feet of space on a 6.25-acre site. The property features a parking ratio of 10 per 1,000 square feet, providing over 500 parking spaces. The building includes a large, open floor space and has undergone $1 million in upgrades in 2021. It is suitable for light manufacturing. The property is equipped with a Cummins backup generator, a 225 KVA UPS automatic transfer switch, a raised floor data room, and a battery monitoring system.

    Local Financial Insights For Industrial

    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 $448.8k $9.00
    − Vacancy −$26.9k −$0.54
    EGI $421.8k $8.46
    − OpEx −$126.5k −$2.54
    NOI $295.3k $5.92
    49,862 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $4.22M
    $3.69M – $4.92M (±1% cap)
    NOI $295,283 @ 7.0% cap · market cap 7.38%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $10.76M
    $9.42M – $12.56M (±1% cap)
    NOI $753,339 @ 7.0% cap · market cap 18.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4265809
    Latitude
    37.6670275

    FAQs

    What type of property is this?
    Manufacturing property - 49,862 SF industrial property featuring recent upgrades and ample parking.
    Where is this manufacturing property located?
    The property is located at 7236 E Harry St Wichita, KS.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 49,862 SF on 6.25 Acre Site; $1 Million in Upgrades in 2021; Cummins Backup Generator 225 KVA UPS Automatic Transfer Switch
    (316) 847-4914 Call to check price and availability
    More about this property
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