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    9415 Harry St Wichita, KS 67207

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    For Lease
    Contact for pricing

    Prime Wichita Office Space Available

    Lot size:
    66,710 SF

    Property Features for 9415 Harry St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,710 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1998/2002
    Buildings
    8
    Stories
    1

    Spaces For Lease

    at 9415 Harry St, Wichita, KS 67207 Contact us

    We can help!

    Listing Contact
    Ben Gartner
    Ben Gartner

    Listing Agency: J.P. Weigand & Sons Inc. Listing Agent: Ben Gartner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 66,710 square foot office park, located at 9415 E Harry St in Wichita, Kansas, presents a compelling investment opportunity. The property, built in 1998 and renovated in 2002, comprises eight single-story buildings totaling 30 suites, offering a minimum divisible space of 1,200 square feet. Currently, 4,869 square feet are vacant, providing immediate potential for rental income. The Class B property boasts ample door-side parking and all suites include private back patios. Tenants enjoy separately metered electric and natural gas, while trash and water services are covered by the landlord. Conveniently situated near major retailers like Dillons and Walgreens, and restaurants, the park offers easy access to key transportation arteries including Kellogg, I-35, and K-96. The property is zoned for General Office & Limited Commercial use and benefits from prominent monument signage on Harry Street. On-site management ensures efficient operation and responsiveness to tenant needs. This well-maintained, multi-building office park in Sedgwick County (zip code 67207) offers a strong foundation for immediate returns and long-term growth. The property's location and amenities make it an attractive option for a variety of businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Acceptance Inc Counselor Patricia Ashlock; LMSW, ... Counselor Dr. Lance E. ... Dental Office Ms. Mary C ... Marriage Or Relationship Counselor Porter Garry MD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.22813238
    Latitude
    37.66459515

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    FAQs

    What type of property is this?
    Office units - Prime Wichita Office Space Available
    Where is this office units located?
    The property is located at 9415 Harry St Wichita, KS.
    What are key features of this property?
    This property features: 66,710 SF Class B office park in Wichita, KS, built in 1998, renovated in 2002.; Eight single-story buildings with 30 suites, minimum 1,200 SF divisible space; 4,869 SF currently vacant.; Ample parking, private patios, separately metered utilities (electric & gas), landlord-paid water & trash.
    (316) 292-3967 Call to check price and availability
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    9415 Harry St Wichita, KS 67207
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    Wichita, KS 67207
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    9415 Harry St Wichita, KS 67207
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    Contact for Pricing
    Please call us for current price
    and status of this listing Ben Gartner
    Ben Gartner
    Real Estate License ID: 00238678
    (316) 292-3967
    Learn more
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