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    7803 Osie St Wichita, KS 67207

    For Sale
    $1,932,054

    Prime Wichita office space, excellent investment.

    Property size:
    19,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 19,200-square-foot executive office building, situated on 0.87 acres in Wichita, Kansas's prestigious Cherry Creek Business Park, presents a compelling investment opportunity. The Class B property, built in 1982, features eight units, currently boasting 82% occupancy with four tenants. The asking price is $1,932,054, representing a $100.50 per square foot cost and a 5.24% cap rate, with a current Net Operating Income (NOI) of $101,150. The property includes 40 parking spaces and is conveniently located at 7803 E Osie St, Wichita, KS 67207, offering easy access to major highways. Individual units feature amenities such as private bathrooms, and at least one unit includes washer and dryer hookups. Some units also offer large garage doors, adding to the versatility of the space. The property's location within the thriving Cherry Creek Business Park provides excellent visibility and access to a strong business community. This vacant property is ready for immediate occupancy or lease, making it an ideal investment for both short-term and long-term growth. The gross lease structure simplifies management, and the ample parking ensures convenience for tenants and visitors. This property offers a unique blend of location, functionality, and investment potential.

    Property Features for 7803 Osie St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,225 SF
    Class
    B
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1982
    Units
    8

    HighLights

    • Excellent Harry & Rock Road visibility.
    • Ample on‑site parking available.
    • All units feature private bathrooms.
    • Unit 111 includes washer/dryer hookups.
    • Select units offer large garage doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lincare Home Health Care Service Midwest Business Technology ... Website Designer A Balanced Approach, Inc. Physical Therapy Clinic FedEx Drop Box Mailing Service

    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
    -97.2464765
    Latitude
    37.6619973

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Wichita office space, excellent investment.
    Where is this office property / space located?
    The property is located at 7803 Osie St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,932,054.
    What are key features of this property?
    This property features: Excellent Harry & Rock Road visibility.; Ample on-site parking available.; All units feature private bathrooms.
    Request Owner's contact information
    7803 Osie St Wichita, KS 67207
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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
    7803 Osie St Wichita, KS 67207
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