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    749 West St Wichita, KS 67203

    Sponsored
    For Sale
    $1,200,000

    High-traffic, 15,108 SF storefront

    Property size:
    15,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional West Wichita retail investment opportunity boasts 15,108 square feet across eight rentable suites situated on a 1.32-acre lot. The property, built in 1967 and zoned for limited commercial use, enjoys a prime location on West Street, offering high visibility and ample parking. Currently operating at 92% occupancy with a mix of long-term month-to-month tenants on gross leases, this presents a strong value-add opportunity for a new owner to increase rents and secure longer-term leases. One suite is currently vacant and ready for immediate lease. The annual gross potential income is $99,300, with a 5.00% cap rate and an asking price of $1,200,000. The property's history demonstrates higher-than-average occupancy rates due to its size, location, and visibility. Annual property taxes are approximately $17,904.3. A rent roll and pro forma are available upon request. Please note: No showings will be conducted until a Letter of Intent or contract is in place. Do not disturb tenants.

    Property Features for 749 West St

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,108 SF
    Lot Size
    57,499 SF

    Building Details

    Year Built
    1967
    Buildings
    1
    Stories
    1

    HighLights

    • $1,200,000 asking price for this Wichita, KS retail investment property.
    • 15,108 square foot storefront building on a 1.32‑acre lot.
    • 5.00% cap rate with a gross lease structure and 92% occupancy.
    • Multi‑tenant property with eight rentable suites, currently 3 years remaining on leases.
    • Located in a high‑traffic area of West Wichita with high visibility and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Angel Spa Massage Spa Douglas S. Bett ... Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3901418
    Latitude
    37.6966705

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic, 15,108 SF storefront
    Where is this individual retail property located?
    The property is located at 749 West St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for this Wichita, KS retail investment property.; 15,108 square foot storefront building on a 1.32-acre lot.; 5.00% cap rate with a gross lease structure and 92% occupancy.
    Request Owner's contact information
    749 West St Wichita, KS 67203
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    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
    749 West St Wichita, KS 67203
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