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    4540 13Th St Wichita, KS 67208

    Sponsored
    For Sale
    $299,000

    High-yield, multi-tenant retail center.

    Property size:
    2,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add retail investment property, located at 4540 E 13th St N in Wichita, Kansas, presents a compelling opportunity for investors. The 2,760 square foot building sits on a 0.37-acre lot and boasts 14 parking spaces. Currently housing two tenants—Metro by T-Mobile (since 2017) and Mars Mart 3 (since 2019)—the property enjoys 100% occupancy with a gross lease structure. Both tenants benefit from established loyal customer bases. Built in 1968 and renovated in 2020, the single-story building is in excellent condition with no known deferred maintenance. The property is zoned LC and offers a compelling price per square foot of $108.33, with an asking price of $299,000. Rent bumps are included in the lease agreements, providing future income growth potential. This multi-tenant retail center is an ideal entry point for commercial real estate ownership, offering strong cash flow and significant upside. The property features two units, each contributing to the overall profitability. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location.

    Property Features for 4540 13Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,760 SF
    Lot Size
    16,117 SF

    Building Details

    Year Built/Renovated
    1968/2020
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 2,760 SF retail center in Wichita, KS on a 0.37‑acre lot with 14 parking spaces.
    • 100% occupied with two tenants (Metro by T‑Mobile since 2017 and Mars Mart 3 since 2019) under gross leases with rent bumps.
    • Excellent condition, single‑story building (built 1968, renovated 2020), no deferred maintenance.
    • Zoned LC, priced at $299,000 ($108.33/SF), offering strong cash flow and upside potential.
    • Ideal entry‑level commercial real estate investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mars Mart 3 Convenience Store Metro by T-Mobile Cell Phone Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.283026368527
    Latitude
    37.708407067496

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, multi-tenant retail center.
    Where is this individual retail property located?
    The property is located at 4540 13Th St Wichita, KS.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 2,760 SF retail center in Wichita, KS on a 0.37-acre lot with 14 parking spaces.; 100% occupied with two tenants (Metro by T-Mobile since 2017 and Mars Mart 3 since 2019) under gross leases with rent bumps.; Excellent condition, single-story building (built 1968, renovated 2020), no deferred maintenance.
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    Wichita, KS 67208
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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
    4540 13Th St Wichita, KS 67208
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