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    2407 Harry St Wichita, KS 67211

    Sponsored
    For Sale
    $355,000

    High-yield multi-tenant retail property in Wichita, KS.

    Property size:
    6,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-tenant retail investment opportunity is located at 2407 E Harry St, Wichita, Kansas, 67211. The property consists of a single, one-story building totaling 6,532 square feet, currently boasting 100% occupancy. The asking price is $355,000, representing a compelling $54.35 per square foot and a strong 10.23% capitalization rate with a current Net Operating Income (NOI) of $36,304. The property features six individual suites ranging in size from 300 to 1,350 square feet, offering diverse income streams. The lease type is modified, with one year remaining on the current lease. The property is zoned LC - Limited Commercial and includes four lots totaling 21,068 square feet. Landlord responsibilities include property taxes, insurance, and trash removal, while tenants are responsible for utilities, internet, and janitorial services. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location. The strong occupancy rate and attractive cap rate make this an ideal addition to any investment portfolio. The substantial land area offers potential for future expansion or development.

    Property Features for 2407 Harry St

    General Information

    Property type
    Retail properties
    Square Feet
    6,532 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Multi‑tenant retail investment opportunity in Wichita, KS.
    • Limited Commercial zoning (LC).
    • Six suites, 300‑1,350 square feet each.
    • 100% occupancy.
    • Landlord pays property taxes, insurance, and trash removal.
    • Tenants pay utilities, internet, and janitorial services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sandu Ministries Church Elite Lawn Care ... Lawn Care Service The Door Christian Center Pentecostal Church The Royal Lounge Hookah Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3076766
    Latitude
    37.6643384

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    FAQs

    What type of property is this?
    Retail property - High-yield multi-tenant retail property in Wichita, KS.
    Where is this retail property located?
    The property is located at 2407 Harry St Wichita, KS.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: Multi-tenant retail investment opportunity in Wichita, KS.; Limited Commercial zoning (LC).; Six suites, 300-1,350 square feet each.
    Request Owner's contact information
    2407 Harry St Wichita, KS 67211
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    Wichita, KS 67211
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    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
    2407 Harry St Wichita, KS 67211
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