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    1277 Maize Rd Wichita, KS 67212

    Sponsored
    For Sale
    $4,950,000

    Class A, 100% Occupied, High Cap Rate

    Property size:
    16,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, totaling 16,370 square feet, is situated on a 2.18-acre lot (94,961 square feet) in northwest Wichita at 1277 N Maize Rd, zip code 67212, Sedgwick County, Kansas. Built in 2014, the property boasts a 100% occupancy rate with a long-term lease in place with Grene Vision Group, a leading provider of eye care services. The current annual base rent is $343,602, translating to a monthly rent of $28,633, or approximately $20.99 per square foot. The asking price is $4,950,000, representing a compelling 6.94% capitalization rate. This property offers a stable investment opportunity with a strong tenant and significant potential for future growth. The building is located on a prominent Maize Road, near residential areas, ensuring high visibility and accessibility. This property is available for individual purchase or as part of a larger portfolio.

    Property Features for 1277 Maize Rd

    General Information

    Property type
    Medical offices
    Square Feet
    16,370 SF
    Class
    A
    Lot Size
    94,961 SF

    Building Details

    Year Built
    2014
    Buildings
    1

    HighLights

    • 16,370 SF Class A medical office building.
    • Built in 2014.
    • 2.18‑acre site (94,961 SF) in northwest Wichita, KS (67212).
    • 100% occupied with long‑term lease to Grene Vision Group.
    • $4,950,000 asking price, offering a 6.94% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Mark L. ... Ophthalmologist Christie L. Rose, ... Doctor Charles R. Whitfill, ... Ophthalmologist Terria L. Winn, ... Ophthalmologist Michele M. Riggins, ... Ophthalmologist

    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
    -97.463077049366
    Latitude
    37.705920355642

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    FAQs

    What type of property is this?
    Medical office - Class A, 100% Occupied, High Cap Rate
    Where is this medical office located?
    The property is located at 1277 Maize Rd Wichita, KS.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: 16,370 SF Class A medical office building.; Built in 2014.; 2.18-acre site (94,961 SF) in northwest Wichita, KS (67212).
    Request Owner's contact information
    1277 Maize Rd Wichita, KS 67212
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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
    1277 Maize Rd Wichita, KS 67212
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