East Wichita Office and
For Sale
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5025 E Kellogg DR, Wichita, KS 67218
Class A office and event space in East Wichita, KS.
Property Size19,972 SF
Lot Size2.00 Acres
Price / SF$137.69
Days on Market1111
Property Features for 5025 E Kellogg DR
General Information
Standard status
Active
Size
19,972 SF
Class
A
Lot size
2.00 Acres
Property subtype
Retail, Office, Mixed Use, Land, Special Purpose
Zoning
Zoning: LC, Property Type: Commercial & Industrial - C
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Sale/Leaseback
Net Operating Income
$250,000
Building Details
Year Built
1985
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
KW COMMERCIAL
Listed By:
Johanna Kellner - Ledesma · License #Ks 244521
(316) 312-3385
Source:
Crexi
Added: Oct 6, 2023
Changed: Oct 8
Last Checked: Oct 19 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW COMMERCIAL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in East Wichita, KS, this property offers a Class A office and event space. The 16,027 square-foot space is designed to impress with individual climate control in each room and abundant natural lighting. The facility features a "Google floor plan" layout designed to foster collaboration. Glass overhead doors flood the space with natural light, creating an inviting atmosphere. The property includes 1,068 square feet of above-ground storage and a 2,877 square-foot unfinished basement. The property offers 2 acres of parking space. The location provides the opportunity for future expansion. The property is located off the US-54/Kellogg highway, with access to I-135 highway and the I-35 Turnpike, and is near the Scotch & Sirloin restaurant and downtown Wichita, KS. The property is intended as a business hub.
Key Highlights
- Prime location with high visibility off US‑54/Kellogg highway and easy access to I‑135 and I‑35 Turnpike.
- Class A office and event space totaling 16,027 sf designed for professionalism and style.
- Ample parking with 2 acres of parking space for clients and guests.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,644
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,832,880
$4.8M
Cap Rate 7%
$3,452,057
$3.5M
Cap Rate 9%
$2,684,933
$2.7M
Market Conditions
NOI Build-Up for 19,972 SF
Gross rent
$400.2K $20.04/SF
− Vacancy
−$78.0K −$3.91/SF
EGI
$322.2K $16.13/SF
− OpEx
−$80.5K −$4.03/SF
NOI
$241.6K $12.10/SF
Area
Wichita, KS
Vacancy
19.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,832,880
Cap Rate 7%
$3,452,057
Cap Rate 9%
$2,684,933
Alternative Uses
Best Use
Office B
$3.45M
$3.02M – $4.03M
NOI $241,644 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.77M
NOI $346,159 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 67218, KS
23,044
Population
11,483
Households
2
Avg Household Size
35
Median Age
25%
College-Educated
81%
High-School Grad
5.0 sq mi
ZIP Area
4,609
Density / Sq Mi
$47,905
Median Household Income
$33,750
Median Earnings
$905
Median Rent
$117,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A office and event space in East Wichita, KS.
Where is this office building located?
The property is located at 5025 E Kellogg DR Wichita, KS.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime location with high visibility off US‑54/Kellogg highway and easy access to I‑135 and I‑35 Turnpike.; Class A office and event space totaling 16,027 sf designed for professionalism and style.; Ample parking with 2 acres of parking space for clients and guests.
