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    940 Waco Ave Wichita, KS 67203

    Sponsored
    For Lease
    $10 SF/Yr ($8,299 /Mo)

    9,959 SF Office, Immediate Availability

    Lot size:
    9,959 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional free-standing office building, located at 940 N Waco Ave in Wichita, Kansas, presents a unique opportunity. Boasting 9,959 square feet of versatile space, this Class B property offers a desirable blend of private offices and open areas, perfect for a variety of businesses. Built in 1960, the building sits on a substantial 25,700 square foot lot and includes 57 parking spaces, ensuring ample convenience for employees and clients. The property is zoned GC/LI and is situated in Sedgwick County, offering easy access to the Central Business District, courts, county offices, and city offices. Its prime midtown location provides excellent visibility and accessibility. The entire 9,959 square feet is currently vacant, allowing for immediate occupancy and customization to suit your specific needs. This single-tenant building presents a rare chance to secure a well-located, spacious office property with significant parking in a thriving Wichita neighborhood. The property's flexible layout caters to various office configurations, from traditional to coworking or creative office spaces.

    Property Features for 940 Waco Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,959 SF
    Class
    B
    Total Rate
    8299.17

    Building Details

    Year Built
    1960
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    9,959 SF
    Rate per SF
    $10

    HighLights

    • 9,959 SF Available for Lease
    • Lease Rate: $10.00/SF/Year (NNN)
    • 9,959 SF Building on a 25,700 SF Lot
    • Built in 1960
    • GC/LI Zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    White Derik J Counselor David J. Stark, ... Social Worker Sheryl Lofgren-Breen, AAPS Doctor Rena Cole Psychologist Carol Harness Social Worker

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Law Firm Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.341851554331
    Latitude
    37.700298181566

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    FAQs

    What type of property is this?
    Office space - 9,959 SF Office, Immediate Availability
    Where is this office space located?
    The property is located at 940 Waco Ave Wichita, KS.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 9,959 SF Available for Lease; Lease Rate: $10.00/SF/Year (NNN); 9,959 SF Building on a 25,700 SF Lot
    Request Owner's contact information
    940 Waco Ave Wichita, KS 67203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    940 Waco Ave Wichita, KS 67203
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