Industrial Property with
For Sale
Contact for pricing
7236 E Harry St, Wichita, KS 67207
49,862 SF industrial property featuring recent upgrades and ample parking.
Property Size49,862 SF
Lot Size6.25 Acres
Price / SF$65.18
Days on Market802
Property Features for 7236 E Harry St
General Information
Standard status
Active
Size
49,862 SF
Class
B
Lot size
6.25 Acres
Property subtype
Office, Industrial
Listing Agency:
NAI Martens
Listed By:
Patrick Ahern · License #KS SP00052327
(316) 253-0660
Source:
Crexi
Added: Aug 27, 2024
Changed: Nov 2
Last Checked: Nov 4 at 1:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Martens
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Investment Insights
Based on property information with market context.
This industrial property offers 49,862 square feet of space on a 6.25-acre site. The property features a parking ratio of 10 per 1,000 square feet, providing over 500 parking spaces. The building includes a large, open floor space and has undergone $1 million in upgrades in 2021. It is suitable for light manufacturing. The property is equipped with a Cummins backup generator, a 225 KVA UPS automatic transfer switch, a raised floor data room, and a battery monitoring system.
Key Highlights
- 49,862 SF on 6.25 Acre Site
- $1 Million in Upgrades in 2021
- Cummins Backup Generator 225 KVA UPS Automatic Transfer Switch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,283
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,905,660
$5.9M
Cap Rate 7%
$4,218,329
$4.2M
Cap Rate 9%
$3,280,922
$3.3M
Market Conditions
NOI Build-Up for 49,862 SF
Gross rent
$448.8K $9.00/SF
− Vacancy
−$26.9K −$0.54/SF
EGI
$421.8K $8.46/SF
− OpEx
−$126.5K −$2.54/SF
NOI
$295.3K $5.92/SF
Area
ZIP 67207
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,905,660
Cap Rate 7%
$4,218,329
Cap Rate 9%
$3,280,922
Alternative Uses
Best Use
Industrial
$4.22M
$3.69M – $4.92M
NOI $295,283 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.76M
$9.42M – $12.56M
NOI $753,339 @ 7.0% cap · market cap 23.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
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Business Placement
Demographics for 67207, KS
28,143
Population
12,755
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
10.4 sq mi
ZIP Area
2,706
Density / Sq Mi
$66,400
Median Household Income
$39,070
Median Earnings
$961
Median Rent
$204,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 49,862 SF industrial property featuring recent upgrades and ample parking.
Where is this manufacturing property located?
The property is located at 7236 E Harry St Wichita, KS.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 49,862 SF on 6.25 Acre Site; $1 Million in Upgrades in 2021; Cummins Backup Generator 225 KVA UPS Automatic Transfer Switch
