Mixed-Use Property for
1101 E Central Ave Wichita, KS 67214
1101 E Central Ave, Wichita, KS, 67214
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For Sale
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Mixed-use property featuring industrial, office, and retail spaces.
Property Size6,930 SF
Price / SF$85.86
Days on Market628
Property Features for 1101 E Central Ave
General Information
- Standard status
- Active
- Size
- 6,930 SF
- Property subtype
- Industrial, Office, Retail
Building Details
- Year Built
- 1965
Listing Agency
Insite Real Estate Group
(316) 686-7121
Listed by
Jake Ramstack · License #KS Sp00230947
Source
Crexi
Added: Oct 30, 2024 Checked: Jul 17 at 5:38 am
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
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $9.96 |
| − Vacancy | −$3.5k | −$0.50 |
| EGI | $65.6k | $9.46 |
| − OpEx | −$19.7k | −$2.84 |
| NOI | $45.9k | $6.62 |
6,930 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Desert Steel
Landscaping Supply Store
Similar For Sale Nearby
FAQs
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
