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

    7777 E 21St St N Wichita, KS 67206

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

    Retail and office spaces for rent in Wichita, Kansas.

    Property Features for 7777 E 21St St N

    General Information

    Standard status
    Active

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Craig Simon, Ccim
    Craig Simon, Ccim
    Source: Crexi

    Listing Agency: Landmark Commercial Real Estate Listing Agent: Craig Simon, Ccim

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

    Learn more

    Overview

    Retail and Office Space Available

    This commercial property offers retail and office spaces for rent. The location provides convenient access to K-96 and K-254 highways and is situated minutes from Bradley Fair and Wichita Waterfront. The surrounding area features established retail and dining options, including Kohl’s, Sam’s Club, Braum’s, Popeyes, Sally Beauty, UPS Store, Starbucks, Dillons, Pet Supplies Plus, and McDonald's. The property is located within affluent surrounding neighborhoods with strong demographics.
    Location Intelligence

    Current Use by Public Records

    Any Lab Test ... Medical Laboratory Caribbean Sun Tanning Tanning Salon Spectacles By Richard (Bike/Boat/Book/etc) Store Malaysia Cafe Restaurant TD Ameritrade Financial Advisor

    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
    -97.246764
    Latitude
    37.722568

    Nearby Similar for Lease

    • $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
    • $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
    • Sponsored
      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
    • $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
    • 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
    • $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
    • $5 SF/Yr

      Wichita Warehouse with Office Space

      20,160 SF warehouse with 3,500 SF office space.
      4727 S Emporia St, Wichita, KS 67216
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces for rent in Wichita, Kansas.
    Where is this retail space located?
    The property is located at 7777 E 21St St N Wichita, KS.
    What are key features of this property?
    This property features: - Prime location minutes from Bradley Fair and Wichita Waterfront; - Quick access to K-96 and K-254 highways; - Established retail and dining presence with numerous options
    (316) 204-0150
    Request Owner's contact information
    7777 E 21St St N Wichita, KS 67206
    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.
    7777 E 21St St N
    Wichita, KS 67206
    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
    7777 E 21St St N Wichita, KS 67206
    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!
    Listing Contact
    Craig Simon, Ccim
    Craig Simon, Ccim
    Real Estate License ID: 00228700
    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!