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    3815 Midco St Wichita, KS 67215

    For Sale
    $1,250,000

    8,044 SF Flex Space - 100% Occupied

    Property size:
    8,044 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a fully occupied, 8,044-square-foot flex space located at 3815 S Midco St, Wichita, Kansas, 67215. The property, classified as Class B, features a single tenant and boasts a desirable blend of office and shop/lab space. The building's layout includes 5,756 square feet of updated office space and 2,288 square feet of shop/lab area, perfectly suited for a variety of businesses. The asking price is $1,250,000, translating to $155.40 per square foot. The property sits on a single story building and is zoned for Limited Industrial use. Exterior features include a full stone façade and a fenced back parking area, enhancing both aesthetics and security. Its strategic location provides easy access to major thoroughfares, including K-42/Southwest Blvd and I-235, ensuring convenient transportation for employees and clients. The property is currently 100% occupied, offering immediate cash flow and a strong return on investment. This move-in ready condition eliminates the need for costly renovations, making it an attractive proposition for discerning investors seeking a stable and profitable asset in the Wichita market. The current lease rate is $14.00 per square foot, NNN.

    Property Features for 3815 Midco St

    General Information

    Property type
    Flex space
    Square Feet
    8,044 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 8,044 SF flex space in Wichita, KS.
    • 5,756 SF of updated office space and 2,288 SF of shop/lab space.
    • Limited Industrial zoning.
    • Full stone exterior with fenced rear parking.
    • Excellent access to K‑42/Southwest Blvd and I‑235.
    • Move‑in ready condition; 100% occupied with a $14/SF NNN lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PROtect LLC Environmental Consultant

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Parts Store Kitchen & Bath Grocery Store Furniture Store Daycare Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.458389539944
    Latitude
    37.624347316486

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    FAQs

    What type of property is this?
    Flex space - 8,044 SF Flex Space - 100% Occupied
    Where is this flex space located?
    The property is located at 3815 Midco St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 8,044 SF flex space in Wichita, KS.; 5,756 SF of updated office space and 2,288 SF of shop/lab space.; Limited Industrial zoning.
    Request Owner's contact information
    3815 Midco St Wichita, KS 67215
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    Wichita, KS 67215
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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
    3815 Midco St Wichita, KS 67215
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