10240 13Th St, Wichita, KS 67212
This exceptional investment opportunity presents a multi-tenant retail property located at 10240 W 13th St N, Wichita, KS 67212, in Sedgwick County. The property, built in 1995, encompasses 10,240 square feet on a 0.96-acre lot and is zoned for Light Commercial use within the City of Wichita. Currently boasting 100% occupancy across six units, this single-story, Class B building offers a strong net operating income (NOI) of $110,000, translating to an attractive 8.30% cap rate. The asking price is $1,325,000, representing $129.39 per square foot. The property's diverse tenant mix includes pharmacy/drug, shopping center, and storefront uses. This is a Net Lease (NNN) investment, meaning the tenant is responsible for most operating expenses. The land value alone is $37.05 per square foot. The property's location provides excellent visibility and access, making it an ideal investment for those seeking a stable, high-performing retail asset. The APN is 133-08-0-33-02-021.00. Serious inquiries only.
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Howard's Optical Dispensary Ophthalmologist (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.