Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8400 32Nd St Wichita, KS 67226

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    40,500 SF Flexible Office Space

    Lot size:
    40,500 SF

    Property Features for 8400 32Nd St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,500 SF
    Class
    A
    Total Rate
    54000

    Building Details

    Year Built
    1992
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 8400 32Nd St, Wichita, KS 67226 Contact us
    Unit

    $16 /Mo

    Size
    40,500 SF
    Contact us

    We can help!

    Listing Contact
    Whitney Vliet Ward
    Whitney Vliet Ward

    Listing Agency: J.P. Weigand & Sons Inc. Listing Agent: Whitney Vliet Ward

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 40,500-square-foot Class A office and industrial property, located at 8400 E. 32nd St. N. in Wichita, Kansas, presents a unique opportunity. Built in 1992, this single-story building sits on a 2.65-acre lot and offers a highly adaptable floor plan perfect for various uses, including creative office, coworking, traditional office, warehouse, call center, and data center operations. The space boasts impressive 22 to 25-foot ceiling heights, ample parking with 375 spaces, and a 400-amp power supply. The layout includes conference rooms, private offices, training rooms, a large café, an open call center area, and dedicated IT server rooms/storage with an 8' x 8' overhead door. The property is conveniently located just 0.21 miles from K-96, within the North Rock Road retail corridor, providing easy access to numerous amenities, including retail shops and restaurants. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 40,500 square feet, currently entirely vacant. Zoned LI, this property offers significant potential for a variety of businesses. Utilities (gas, electric, and janitorial) are the responsibility of the tenant. A virtual tour is available online. This is a truly versatile and well-situated property ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Speedycash Call Center Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2395564
    Latitude
    37.7428585

    Nearby Similar for Lease

    • $1,500 /Mo
      26,572 SF

      Wichita Office Space For Rent

      Professional office space in Southeast Wichita with included amenities.
      1822 S Longfellow Cir, Wichita, KS 67207
      View Details
    • $1,100 /Mo
      14,810 SF

      Retail Space in Wichita, KS

      Retail space for rent with high traffic and office.
      608 S Oliver Ave, Wichita, KS 67218
      View Details
    • Sponsored
      Contact for pricing

      Grand Hotel at Union Station

      Workspaces, services and support to help you work better in Woodfield Preserve
      801 Douglas Ave, Wichita, KS 67202
      View Details
    • $10 SF/Yr
      10,032 SF

      Wichita Office/Warehouse with Highway Access

      Freestanding 10,032 SF office/warehouse with highway access and quality finishes.
      9103 E 37Th St N, Wichita, KS 67226
      View Details
    • $14 SF/Yr
      8,917 SF

      Northeast Wichita Office Space

      Office space for lease in northeast Wichita near retail.
      7015 E Central Ave, Wichita, KS 67206
      View Details
    • $750 /Mo
      1,200 SF

      Office Space with Utilities Included

      Multi-story office building with various suite sizes and ample parking.
      5920 E Central Ave, Wichita, KS 67208
      View Details
    • $18 SF/Yr
      2,310 SF

      Former Salon Space Available

      2,310 SF retail space, ideal for salon or retail.
      313 S Greenwich Rd, Wichita, KS 67207
      View Details
    • $20 SF/Yr
      1,815 SF

      Retail Space with Abundant Parking

      Retail space for lease with high-visibility signage and parking.
      526 S Ridge Rd, Wichita, KS 67212
      View Details
    • $16 SF/Yr
      1,250 SF

      Retail Space in High Occupancy Center

      Retail space available in established, high-occupancy Wichita shopping center.
      3570 N Woodlawn Blvd, Wichita, KS 67220
      View Details
    • $16 SF/Yr
      1,650 SF

      Office/Medical Space For Rent

      Office/medical space in busy Reflection Ridge Plaza.
      2243 N Ridge Rd, Wichita, KS 67205
      View Details
    • $19 SF/Yr
      1,876 SF

      Retail Space Near Highway K-96

      Retail space with high visibility near established retailers.
      2684 N Greenwich Ct, Wichita, KS 67210
      View Details
    • $20 SF/Yr
      4,353 SF

      Class A Office/Medical Space

      Class A office/medical space for lease near amenities.
      12111 E 21St St N, Wichita, KS 67206
      View Details

    FAQs

    What type of property is this?
    Coworking space - 40,500 SF Flexible Office Space
    Where is this coworking space located?
    The property is located at 8400 32Nd St Wichita, KS.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $16.00/SF/Year (NNN); Estimated NNN Expenses: $4.50/SF; Building Size: 40,500 SF
    (316) 641-4141 Call to check price and availability
    Request Owner's contact information
    8400 32Nd St Wichita, KS 67226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8400 32Nd St
    Wichita, KS 67226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    8400 32Nd St Wichita, KS 67226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Whitney Vliet Ward
    Whitney Vliet Ward
    Real Estate License ID: 00235539
    (316) 641-4141 (316) 262-6400 (316) 292-3900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!