Mixed-Use Property for
For Sale
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1101 E Central Ave, Wichita, KS 67214
Mixed-use property featuring industrial, office, and retail spaces.
Property Size6,930 SF
Price / SF$85.86
Days on Market719
Property Features for 1101 E Central Ave
General Information
Standard status
Active
Size
6,930 SF
Property subtype
Industrial, Office, Retail
Zoning
Limited Commercial
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1965
Stories
1
Listing Agency:
Insite Real Estate Group
Listed By:
Jake Ramstack · License #KS Sp00230947
(316) 686-7121
Source:
Crexi
Added: Oct 30, 2024
Changed: Oct 7
Last Checked: Oct 16 at 9:20AM
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 Insite Real Estate Group
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Investment Insights
Based on property information with market context.
This mixed-use property offers a total size of 6,930 square feet and is suitable for industrial, office, and retail purposes. The property's layout allows for flexible use, with each suite capable of being leased separately or together, providing options for various business needs.
Key Highlights
- Suites can be leased separately or together.
- Year Built: 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,900
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,000
$918.0K
Cap Rate 7%
$655,714
$655.7K
Cap Rate 9%
$510,000
$510.0K
Market Conditions
NOI Build-Up for 6,930 SF
Gross rent
$69.0K $9.96/SF
− Vacancy
−$3.5K −$0.50/SF
EGI
$65.6K $9.46/SF
− OpEx
−$19.7K −$2.84/SF
NOI
$45.9K $6.62/SF
Area
Wichita, KS
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,000
Cap Rate 7%
$655,714
Cap Rate 9%
$510,000
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,847 @ 7.0% cap · market cap 14.09%
Second Best
Mixed Use
$1.01M
$886.8K – $1.18M
NOI $70,946 @ 7.0% cap · market cap 11.92%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,112 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,914
Businesses Nearby
Explore this area
Business Placement
Demographics for 67214, KS
15,936
Population
8,197
Households
1.9
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
5.3 sq mi
ZIP Area
3,007
Density / Sq Mi
$36,636
Median Household Income
$25,518
Median Earnings
$752
Median Rent
$72,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring industrial, office, and retail spaces.
Where is this mixed-use property located?
The property is located at 1101 E Central Ave Wichita, KS.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Suites can be leased separately or together.; Year Built: 1965
