Retail Shopping Center Near Highway
8343 E 32nd St N Wichita, KS 67226
For Sale
Contact for pricing
Shopping center with strong intersection visibility and convenient access to Highway K-96.
Property Size18,740 SF
Price / SF$112.06
Days on Market204
Property Features for 8343 E 32nd St N
General Information
Standard status
Active
Size
18,740 SF
Property subtype
RETAIL
Listing Agency:
NAI Martens
(316) 253-0660
Listed By:
Patrick Ahern · License #SP00052327
(316) 253-0660
Source:
Moodyscre
Added: Jan 6
Changed: Jul 28
Last Checked: Jul 28 at 1:48PM
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
Investment Insights
Based on property information with market context.
This retail shopping center is positioned just east of the Rock Road corridor on 32nd Street, providing convenient access to Highway K-96. The property totals 18,740 square feet of commercial space.
Visibility and accessibility are key attributes, with approximately 68,345 vehicles passing daily at the intersection of Rock Road and Highway K-96. The surrounding trade area includes well-known retailers and restaurants such as Petco, Walmart, Buffalo Wild Wings, Smoothie King, and Starbucks, along with other established businesses.
For sale financial information is available upon request through the broker.
Visibility and accessibility are key attributes, with approximately 68,345 vehicles passing daily at the intersection of Rock Road and Highway K-96. The surrounding trade area includes well-known retailers and restaurants such as Petco, Walmart, Buffalo Wild Wings, Smoothie King, and Starbucks, along with other established businesses.
For sale financial information is available upon request through the broker.
Key Highlights
- 18,740 SF commercial shopping center
- Located at the intersection of Rock Road and Highway K‑96 with approx. 68,345 vehicles passing daily
- Approximately 32nd Street location just east of the Rock Road corridor
Financial Insights For Retail
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 | $299.1k | $15.96 |
| − Vacancy | −$25.4k | −$1.36 |
| EGI | $273.7k | $14.60 |
| − OpEx | −$82.1k | −$4.38 |
| NOI | $191.6k | $10.22 |
18,740 SF · lease $15.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.74M
$2.39M – $3.19M
NOI $191,567 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,806 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Siena Plaza — 7718 E 37th St N, Wichita, KS 67226
- Comotara Center — Unnamed Road, N Rock Rd, Wichita, KS 67226
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with strong intersection visibility and convenient access to Highway K-96.
Where is this shopping center located?
The property is located at 8343 E 32nd St N Wichita, KS.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 18,740 SF commercial shopping center; Located at the intersection of Rock Road and Highway K‑96 with approx. 68,345 vehicles passing daily; Approximately 32nd Street location just east of the Rock Road corridor
