Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2233 Ridge Rd Wichita, KS 67205

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic location, 1500 sq ft retail space.

    Lot size:
    1,500 SF

    Property Features for 2233 Ridge Rd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF

    Spaces For Lease

    at 2233 Ridge Rd, Wichita, KS 67205 Contact us
    Unit

    $17 /Mo

    Size
    1,500 SF
    Contact us

    We can help!

    Listing Contact
    Nathan Farha, Ccim
    Nathan Farha, Ccim

    Listing Agency: NAI Martens Listing Agent: Nathan Farha, Ccim

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

    Learn more

    Overview

    This exceptional 1,500 square foot retail space is available for lease at 2233 N Ridge Road in Wichita, Kansas. Located at the high-traffic intersection of Ridge Road and 21st Street, this single-tenant property boasts an estimated 27,655 vehicles passing daily, ensuring maximum visibility and foot traffic. Previously occupied by ICTea, this space is zoned Limited Commercial (LC) and is ready for immediate occupancy. The property offers a favorable Net Net Net (NNN) lease rate of approximately $6.00 per square foot. This prime location benefits from its proximity to a variety of established businesses, including Quik Trip, Hurt's Donuts, Kentucky Fried Chicken, Braum's, Taco Bell, Jason's Deli, Discount Tire, and Arby's, creating a vibrant and thriving retail environment. The Sedgwick County location and 67205 zip code offer easy access for customers and employees. This is an excellent opportunity for businesses seeking high visibility and a strong customer base in a well-established commercial area. The property's end-cap location provides additional exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dandurand Drugs West Pharmacy T-Mobile Mobile Phone Store Pho Chopstix Restaurant Amazon Counter - Health ... Postal Service LIG Group (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4268858
    Latitude
    37.7243407

    Nearby Similar for Lease

    • New
      $1,200 /Mo
      25,265 SF

      Versatile Commercial Space, Wichita

      High-visibility commercial space, formerly a restaurant, ready for new tenant.
      3088 W 13Th St N, Wichita, KS 67203
      View Details
    • New
      $1,200 /Mo
      25,265 SF

      Versatile Commercial Space in Wichita

      High-visibility commercial space, formerly a restaurant, ready for new ventures.
      3086 W 13Th St N, Wichita, KS 67203
      View Details
    • $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
    • $1,100 /Mo
      14,810 SF

      Retail Space in Wichita, KS

      Retail space for rent with high traffic and office.
      608 S Oliver Ave, Wichita, KS 67218
      View Details
    • Sponsored
      New
      Contact for pricing

      Grand Hotel at Union Station

      Discover many ways to work your way in Grand Hotel at Union Station
      801 Douglas Ave, Wichita, KS 67202
      View Details
    • Contact for pricing

      Former Bank Branch with Drive-Thru

      Former bank branch with drive-thru available for lease.
      1306 N Woodlawn St, Wichita, KS 67208
      View Details
    • $8 SF/Yr

      Office/Warehouse Suite For Lease

      7,500 SF office/warehouse suite near Kellogg and Webb Road.
      9809 E Orme St, Wichita, KS 67207
      View Details
    • $2,450 /Mo

      Move-in Ready Office Suite

      Efficient office suite with workstations, private offices, and parking.
      11021 East 26Th St North, Wichita, KS 67226
      View Details
    • $795 /Mo

      Historic Delano District Office Suite

      Renovated office suite in a historic, high-visibility location.
      930 W Douglas Ave, Wichita, KS 67203
      View Details
    • $14 SF/Yr

      Downtown Wichita Commercial Space Available

      Versatile 20,000 SF commercial space in downtown Wichita.
      410 N Saint Francis Ave, Wichita, KS 67202
      View Details
    • Contact for pricing

      Former Bank Branch with Drive-Thru

      Former bank branch with drive-thru available for lease.
      1306 N Woodlawn St, Wichita, KS 67208
      View Details
    • $2,450 /Mo

      Move-in Ready Office Suite Available

      Efficient office suite with workstations, private offices, and parking.
      11021 East 26Th St North, Wichita, KS 67226
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic location, 1500 sq ft retail space.
    Where is this retail property located?
    The property is located at 2233 Ridge Rd Wichita, KS.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location with approximately 27,655 vehicles per day (VPD) at Ridge and 21st.; Zoned Limited Commercial (LC).; Available end-cap space, previously an ICT.
    (316) 263-9669 Call to check price and availability
    Request Owner's contact information
    2233 Ridge Rd Wichita, KS 67205
    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.
    2233 Ridge Rd
    Wichita, KS 67205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2233 Ridge Rd Wichita, KS 67205
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nathan Farha, Ccim
    Nathan Farha, Ccim
    Real Estate License ID: SP00228015
    (316) 263-9669 (316) 807-3250 (316) 262-0000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!