Retail Shopping Center Near Highway
For Sale
Contact for pricing
8343 E 32nd St N, Wichita, KS 67226
Shopping center with strong intersection visibility and convenient access to Highway K-96.
Property Size18,740 SF
Price / SF$112.06
Days on Market295
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) 262-0000
Listed By:
Patrick Ahern · License #SP00052327
(316) 253-0660
Source:
Moodyscre
Added: Jan 6
Changed: Oct 26
Last Checked: Oct 26 at 4:43PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$191,567
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,831,340
$3.8M
Cap Rate 7%
$2,736,671
$2.7M
Cap Rate 9%
$2,128,522
$2.1M
Market Conditions
NOI Build-Up for 18,740 SF
Gross rent
$299.1K $15.96/SF
− Vacancy
−$25.4K −$1.36/SF
EGI
$273.7K $14.60/SF
− OpEx
−$82.1K −$4.38/SF
NOI
$191.6K $10.22/SF
Area
Wichita, KS
Vacancy
8.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,831,340
Cap Rate 7%
$2,736,671
Cap Rate 9%
$2,128,522
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
521k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Dining 31%
Leisure 11%
Shops & Services 9%
Walmart
Superstores
125,144 visits/mo
0.3 miles
Sam's Club
Superstores
108,833 visits/mo
0.5 miles
AMC Northrock 14
Leisure
57,249 visits/mo
0.2 miles
McDonald's
Dining
30,283 visits/mo
0.4 miles
Starbucks
Dining
19,556 visits/mo
0.4 miles
Demographics for 67226, KS
20,767
Population
9,256
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
24.7 sq mi
ZIP Area
841
Density / Sq Mi
$88,603
Median Household Income
$49,666
Median Earnings
$1,164
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Comotara Center — Unnamed Road, N Rock Rd, Wichita, KS 67226
- Siena Plaza — 7718 E 37th St N, 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
