Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    338 Mead St Wichita, KS 67202

    For Sale
    $1,885,000
    Added:
    Dec 11, 2024
    Days on Market:
    360

    Property Features for 338 Mead St

    General Information

    Property type
    Individual retail properties
    Class
    B

    Building Details

    Year Renovated
    2017
    Buildings
    1
    Stories
    1

    HighLights

    • Fully leased investment‑grade property with three (3) new 10‑year leases.
    • Each lease includes personal guarantees.
    • NNN lease structure with $11,000 monthly rent and 3% annual rent increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rock Island Studios Advertising Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.328915668972
    Latitude
    37.691060265955

    Nearby Similar for Sale

    • New
      Contact for pricing
      6,202 SF

      Wichita Quadplex Investment Opportunity

      South Wichita quadplexes with income potential, offered at auction.
      1216 E Selma St, Wichita, KS 67216
      View Details
    • $896,500
      Pending

      Downtown Wichita Multi-Tenant Office Building

      Large office building in downtown Wichita with multi-tenant potential.
      310 E 2Nd St, Wichita, KS 67202
      View Details
    • New
      Contact for pricing
      6,202 SF

      Wichita Quadplex Investment Opportunity

      Four-unit property in Wichita with income potential.
      1206 E Selma St, Wichita, KS 67216
      View Details
    • New
      Contact for pricing
      6,202 SF

      Wichita Quadplex with Income Potential

      South Wichita quadplex featuring 3-bedroom units and off-street parking.
      1302 E Selma St, Wichita, KS 67216
      View Details
    • New
      Contact for pricing
      6,202 SF

      Wichita Quadplexes Offered at Auction

      South Wichita quadplexes with income potential, offered at auction.
      1224 E Selma St, Wichita, KS 67216
      View Details
    • New
      Contact for pricing
      4,108 SF

      Riverside Quadplexes Auction - Wichita, KS

      Two fully occupied quadplexes in prime Riverside location. Auction sale.
      910 N Coolidge St, Wichita, KS 67203
      View Details

    FAQs

    Where is this individual retail property located?
    The property is located at 338 Mead St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,885,000.
    What are key features of this property?
    This property features: Fully leased investment-grade property with three (3) new 10-year leases.; Each lease includes personal guarantees.; NNN lease structure with $11,000 monthly rent and 3% annual rent increases.
    Request Owner's contact information
    338 Mead St Wichita, KS 67202
    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.
    338 Mead St
    Wichita, KS 67202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    338 Mead St Wichita, KS 67202
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.