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    1938-2024 Woodlawn St Wichita, KS 67208

    For Sale
    $10,800,000

    Wichita, KS Office Buildings - $10.8M

    Property size:
    128,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office complex, located at 1938-2024 N Woodlawn in Wichita, Kansas, presents a compelling investment opportunity. Comprising two four-story buildings totaling 128,768 square feet, this multi-tenant property boasts a remarkable 99% occupancy rate. Built in 1984 (with some discrepancies in the provided build dates), the buildings feature recently renovated lobbies, restrooms, and common areas, showcasing modern interior finishes and well-designed office suites. Each building offers approximately 58,000 square feet of space, and the property includes over 700 surface parking spaces. The efficient variable air volume HVAC system ensures balanced climate control throughout. Excellent fiber connectivity and ample amenities cater to tenants. Strategically located in Wichita's vibrant Northeast submarket (over 3.1 million square feet, 99% occupancy), the complex benefits from high visibility and proximity to major employers such as Koch Industries, Wichita State University, Beechcraft, and Via Christi. The asking price is $10,800,000, translating to $83.87 per square foot. Detailed financial information is available upon request. The property's extremely well-maintained grounds and buildings contribute to its strong appeal and high tenant retention. This is a prime investment in a thriving Wichita submarket.

    Property Features for 1938-2024 Woodlawn St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    128,768 SF
    Class
    A

    Building Details

    Year Built
    1984
    Buildings
    2

    HighLights

    • Strategic location in Wichita's Northeast submarket, near major employers.
    • Excellent visibility and high‑traffic area.
    • Two four‑story buildings totaling 128,768 square feet, built circa 1984.
    • Detailed financial information available upon request; asking price $10,800,000 ($83.87/SF).
    • 99% occupancy with high‑quality tenant profile.
    • Extremely well‑maintained grounds and buildings, featuring recently renovated common areas and over 700 surface parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2591065
    Latitude
    37.7199783

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    FAQs

    What type of property is this?
    Office Property / Space - Wichita, KS Office Buildings - $10.8M
    Where is this office property / space located?
    The property is located at 1938-2024 Woodlawn St Wichita, KS.
    What is the asking price?
    The asking price for this property is $10,800,000.
    What are key features of this property?
    This property features: Strategic location in Wichita's Northeast submarket, near major employers.; Excellent visibility and high-traffic area.; Two four-story buildings totaling 128,768 square feet, built circa 1984.
    (316) 847-4914
    Request Owner's contact information
    1938-2024 Woodlawn St Wichita, KS 67208
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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
    1938-2024 Woodlawn St Wichita, KS 67208
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