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    815 Waco Ave Wichita, KS 67203

    Sponsored
    For Sale
    $2,000,000
    Property size:
    19,824 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 815 Waco Ave

    General Information

    Property type
    Office space
    Square Feet
    19,824 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1971/2023
    Buildings
    1
    Stories
    3
    Units
    15

    HighLights

    • 19,824 square foot building.
    • Fully leased with 15 tenants.
    • Average monthly rent of $1.15 per square foot.
    • Annual rental income of $221,542.
    • Current capitalization rate of 8.3%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Innerworks Lorie Wilson, ... Acupuncturist Nancy Noel Parker, ... Social Worker A Better Solution In Home ... Home Health Care Service Kathleen Hastings LSCSW Psychologist Cristiano Renee Social Worker

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3425949
    Latitude
    37.6979188

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    FAQs

    Where is this office space located?
    The property is located at 815 Waco Ave Wichita, KS.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 19,824 square foot building.; Fully leased with 15 tenants.; Average monthly rent of $1.15 per square foot.
    Request Owner's contact information
    815 Waco Ave Wichita, KS 67203
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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
    815 Waco Ave Wichita, KS 67203
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