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    1501 Pawnee St Wichita, KS 67211

    Sponsored
    For Sale
    $950,000

    Wichita, KS retail center - high NOI

    Property size:
    11,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 11,850-square-foot retail center located at 1501-1527 E. Pawnee St. in Wichita, Kansas. The property, built in 1955, sits on a 0.8-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $95,000. Currently operating as a multi-tenant property, the center includes a diverse mix of businesses such as a bar, liquor store, furniture store, and other retail establishments. One building is a free-standing structure with a drive-thru. The property is classified as Class B and is zoned LC. The asking price is $950,000, representing a compelling 10% capitalization rate. The gross lease structure simplifies management. 2022 property taxes totaled $9,582.87. This prime location benefits from proximity to established businesses like JumpStart, Emprise Bank, AutoZone, Pizza Hut, Dollar General, and Discount Auto Glass & Tire, ensuring high visibility and foot traffic. Financial details are available upon request. This is a rare opportunity to acquire a well-performing, multi-tenant retail center in a thriving Wichita market. The property offers significant potential for future growth and strong returns on investment.

    Property Features for 1501 Pawnee St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,850 SF
    Class
    B
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    HighLights

    • $950,000 asking price for a 11,850 SF retail center.
    • 100% occupancy with a strong NOI of $95,000.
    • 0.8‑acre lot in Wichita, KS, at 1501‑1527 E. Pawnee St.
    • Built in 1955, Class B, LC zoning.
    • 2022 property taxes: $9,582.87 (General: $9,554.43; Special: $28.44).
    Property Profile Location Intelligence

    Current Use by Public Records

    Pawnee Furniture Used Furniture Store

    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
    -97.319302324521
    Latitude
    37.649882325261

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    FAQs

    What type of property is this?
    Lifestyle center - Wichita, KS retail center - high NOI
    Where is this lifestyle center located?
    The property is located at 1501 Pawnee St Wichita, KS.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price for a 11,850 SF retail center.; 100% occupancy with a strong NOI of $95,000.; 0.8-acre lot in Wichita, KS, at 1501-1527 E. Pawnee St.
    Request Owner's contact information
    1501 Pawnee St 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
    1501 Pawnee St Wichita, KS 67211
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