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    8918 21St St Wichita, KS 67205

    For Lease
    $15 SF/Yr ($13,282 /Mo)

    Prime Wichita retail space, 7 suites, ample parking.

    Lot size:
    10,626 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,626 square foot retail and office property, located at 8918 W 21st St, Wichita, KS 67205, presents a compelling investment opportunity. The Sterling Place Strip Center boasts seven individual suites, with 2,075 square feet currently available for lease. Built in 1995, this Class B property sits on a sizable 40,875 square foot lot and is zoned for Limited Commercial use in Sedgwick County. The center enjoys high visibility, situated west of Tyler Rd on W 21st St, and benefits from over 50 parking stalls for customer convenience. Current tenants include a diverse mix of established businesses such as a nail salon, a restaurant, a CBD retailer, a pizza franchise, a shipping store, and a hair salon, demonstrating strong tenant occupancy and a vibrant commercial environment. The property's strategic location places it within close proximity to a variety of popular restaurants and businesses, including Regal Theaters, Bricktown Brewery, Kobe Steakhouse, Old Chicago, Pizza Hut, Freddy's, Sonic, KPOT Korean Hotpot and BBQ, Sola Salons, Uptown Cheapskate, and Kid to Kid, ensuring high foot traffic and strong potential for future growth. This is an ideal opportunity for investors seeking a well-located, established retail center with immediate income potential and significant upside.

    Property Features for 8918 21St St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,626 SF
    Class
    B
    Total Rate
    13282.5

    Building Details

    Year Built
    1995

    Unit(s) available at that property

    Space
    Suite 600
    Size
    2,075 SF
    Rate per SF
    $15

    HighLights

    • 10,626 SF retail/office property at 8918 W 21st St, Wichita, KS 67205.
    • Seven suites, 2,075 SF currently available for lease.
    • Class B, 1995 construction, 40,875 SF lot, Limited Commercial zoning.
    • High visibility on W 21st St, west of Tyler Rd, 50+ parking spaces.
    • Strong tenant occupancy with diverse mix of established businesses.
    • Excellent location near major restaurants and retailers, ensuring high foot traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clear Vision Ministries Religious Organization Baskin Robbins/Nestlé Tollhouse ... Dessert Shop The UPS Store Shipping And Mailing Service fofks Association / Organization Shred Nations Shredding 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
    -97.4457962
    Latitude
    37.723583

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    FAQs

    What type of property is this?
    Individual retail property - Prime Wichita retail space, 7 suites, ample parking.
    Where is this individual retail property located?
    The property is located at 8918 21St St Wichita, KS.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 10,626 SF retail/office property at 8918 W 21st St, Wichita, KS 67205.; Seven suites, 2,075 SF currently available for lease.; Class B, 1995 construction, 40,875 SF lot, Limited Commercial zoning.
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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
    8918 21St St Wichita, KS 67205
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