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    3910 Ridge Rd Wichita, KS 67205

    Sponsored
    For Sale
    $5,600,000

    Class A, 100% Occupied, High Cap Rate

    Property size:
    16,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, totaling 16,875 square feet, is situated on a 0.82-acre lot in Wichita, Kansas (67205). Constructed in 2016, the property boasts a 100% occupancy rate with a long-term lease in place with Grene Vision Group, a leading provider of eye care services. The current tenant, part of EyeCare Partners, has a five-year lease renewal, demonstrating strong tenant commitment and financial stability. The building offers a compelling investment opportunity with a 6.89% cap rate and a current annual base rent of $385,655. Located in northwest Wichita near other medical facilities, new apartments, and K-96 Highway, the property benefits from excellent visibility and accessibility. The asking price is $5,600,000, translating to $331.85 per square foot. This property is offered as a standalone investment or as part of a larger portfolio. The sale includes a single building on a 35,719 square foot lot. This is a rare opportunity to acquire a high-performing medical office building in a prime Wichita location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment for discerning buyers. The Net Lease (NNN) structure minimizes landlord responsibilities.

    Property Features for 3910 Ridge Rd

    General Information

    Property type
    Medical offices
    Square Feet
    16,875 SF
    Class
    A
    Lot Size
    35,719 SF

    Building Details

    Year Built
    2016
    Buildings
    1

    HighLights

    • 16,875 SF building on a 0.82‑acre site (35,719 SF).
    • Built in 2016.
    • Located in Northwest Wichita near medical facilities, new apartments, and K‑96.
    • Current annual rent: $385,655 ($32,138 monthly, $22.85/SF).
    • Asking price: $5,600,000, 6.89% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. David T. ... Ophthalmologist Trevor R. Askew, ... Optometrist Donald B. Scrafford, ... Ophthalmologist Christopher B. Means, ... Optometrist Misha A. Anderson, OD Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.426333726311
    Latitude
    37.754416157634

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    FAQs

    What type of property is this?
    Medical office - Class A, 100% Occupied, High Cap Rate
    Where is this medical office located?
    The property is located at 3910 Ridge Rd Wichita, KS.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: 16,875 SF building on a 0.82-acre site (35,719 SF).; Built in 2016.; Located in Northwest Wichita near medical facilities, new apartments, and K-96.
    Request Owner's contact information
    3910 Ridge Rd Wichita, KS 67205
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    Wichita, KS 67205
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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
    3910 Ridge Rd Wichita, KS 67205
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