Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    550 159Th St Wichita, KS 67230

    For Lease
    $18 SF/Yr

    39,000 SF Office Building, Prime Location

    Lot size:
    39,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 39,000 square foot Class B office building, situated in Andover's desirable submarket of Wichita, Kansas, presents a compelling investment opportunity. Constructed in 1987, this three-story building boasts a striking red brick exterior and a sophisticated dark wood interior. The property offers ample parking with 130 spaces and convenient access via Central and 159th St. E. A single elevator services all three floors. The building's multiple tenancy structure provides flexibility for various business needs. Located in Butler County, this property enjoys a prime location overlooking the Terradyne Country Club's 4.0-star Scottish Links golf course, offering a picturesque and tranquil work environment. The interior features two convenient conference rooms on the second floor, readily available for use. The building is commercially zoned, catering to a wide range of office and professional uses. This well-maintained property presents a unique opportunity to acquire a substantial office space in a highly sought-after location. The zip code is 67230.

    Property Features for 550 159Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,000 SF
    Class
    B
    Total Rate
    58500

    Building Details

    Year Built
    1987
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 2000
    Size
    5,050 SF
    Rate per SF
    $216
    Space
    Suite 221
    Size
    853 SF
    Rate per SF
    $18
    Space
    Suite 2001
    Size
    2,101 SF
    Rate per SF
    $19

    HighLights

    • Elegant dark wood interior finishes.
    • Enjoy stunning views of Terradyne Country Club's 4.0‑star Scottish Links golf course.
    • Features 130 ample parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Staff Services ... Medical Clinic Burial Insurance Plans Insurance Agency Edward Jones - Financial ... Investment Service Mid American Supply ... Auto Repair Shop Jennifer Adams, LCMFT Psychotherapist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Butler
    State
    Kansas
    Longitude
    -97.1514029
    Latitude
    37.695162

    Nearby Similar for Lease

    • $1,500 /Mo
      26,572 SF

      Wichita Office Space For Rent

      Professional office space in Southeast Wichita with included amenities.
      1822 S Longfellow Cir, Wichita, KS 67207
      View Details
    • $1,300 /Mo
      436 SF

      New Flex Space Available

      Brand new, flexible flex space for rent in Wichita.
      5800 W 3Rd St N, Wichita, KS 67212
      View Details
    • $1,000 /Mo
      14,810 SF

      Retail Space in Wichita, KS

      Retail space for rent with high traffic and included office.
      608 S Oliver Ave, Wichita, KS 67218
      View Details
    • $26,250
      201,065 SF

      Wichita Office/Warehouse/Manufacturing Facility For Lease

      70,000 SF facility with office, warehouse, and manufacturing space.
      Wichita, KS 67226
      View Details
    • $26,250
      201,065 SF

      Wichita Industrial Facility For Lease

      70,000 SF office/warehouse/manufacturing facility with K-96 access.
      8909 E 35Th St North, Wichita, KS 67226
      View Details
    • $7 SF/Yr
      4,870 SF

      Wichita Industrial Space with Yard

      4,870 SF industrial space with fenced yard near downtown.
      901 North Mosley St, Wichita, KS 67214
      View Details

    FAQs

    What type of property is this?
    Office space - 39,000 SF Office Building, Prime Location
    Where is this office space located?
    The property is located at 550 159Th St Wichita, KS.
    What is the lease rate?
    The lease rate is $18-$216 SF/Yr.
    What are key features of this property?
    This property features: Elegant dark wood interior finishes.; Enjoy stunning views of Terradyne Country Club's 4.0-star Scottish Links golf course.; Features 130 ample parking spaces.
    Request Owner's contact information
    550 159Th St Wichita, KS 67230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 159Th St
    Wichita, KS 67230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    550 159Th St Wichita, KS 67230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.