Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1029 Wichita St Wichita, KS 67203

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1029 Wichita St Wichita, KS 67203

    View on Map
    • Warehouses
    • 22,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spade Appliance Services / Home Appliance Store
    • Weigand Omega Management / Property Management Company
    • BGW - Coffee Equipment Services / Hardware & Home Improvement / General Contractor
    • Fort Knox Fitness LLC / Gym & Fitness Center
    • Global CNC / Industrial Manufacturer / Factory

    Property Details for 1029 Wichita St

    Property size
    22,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    Brant's Warehouse, located at 1029 N Wichita St, Wichita, KS 67203, offers a substantial 22,000 square foot industrial warehouse space. Currently, 2,400 square feet is available for lease, with an anticipated vacancy date of February 1st, 2024. The property is classified as a single-tenant building within Sedgwick County, Kansas. The warehouse features multiple units, each equipped with convenient overhead doors for easy access and loading/unloading. Several units include added amenities such as dedicated office space, restrooms, and air conditioning units, enhancing functionality and comfort. The building benefits from a history of long-term tenants, indicating a desirable and stable location. This property presents an excellent opportunity for businesses seeking ample storage and/or office space in a prime Wichita location. The property's size and features make it suitable for a variety of industrial uses. Interested parties should inquire promptly to secure this space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3411
    Latitude
    37.702

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1206 Douglas Ave

      Flex space • 3,000 SF
      1206 Douglas Ave, Wichita, KS 67203
      View Details
    • Value Estimation by Request
      10,560 SF

      122 Walnut St

      DISTRIBUTION WAREHOUSE • 10,560 SF
      122 Walnut St, Wichita, KS 67203-6122
      View Details
    • Value Estimation by Request
      0.16 Acres

      Wichita, KS 67203

      DISTRIBUTION WAREHOUSE • 0.16 Acres
      Wichita, KS 67203
      View Details
    • Value Estimation by Request
      0.25 Acres

      Wichita, KS 67203

      DISTRIBUTION WAREHOUSE • 0.25 Acres
      Wichita, KS 67203
      View Details
    • Value Estimation by Request
      0.19 Acres

      Wichita, KS 67203

      DISTRIBUTION WAREHOUSE • 0.19 Acres
      Wichita, KS 67203
      View Details
    • Value Estimation by Request
      0.52 Acres

      Wichita, KS 67203

      DISTRIBUTION WAREHOUSE • 0.52 Acres
      Wichita, KS 67203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,438 SF

      Retail/Warehouse Properties on West Street

      Retail and warehouse properties available for sale or lease.
      333-339 N West St, Wichita, KS 67203
      View Details
    • Contact for pricing
      30,000 SF

      Iconic Wichita Building Redevelopment Opportunity

      30,000 SF industrial building in the heart of Wichita.
      300 W Murdock St, Wichita, KS 67203
      View Details
    • Contact for pricing
      5,740 SF

      Wichita Commercial Opportunity For Sale

      Versatile commercial property in Wichita's McCormick neighborhood with expansion potential.
      1423 S Handley St, Wichita, KS 67203
      View Details
    • Contact for pricing

      Industrial Property Near Downtown Wichita

      Industrial property for sale, located near Downtown Wichita.
      919 N Water St, Wichita, KS 67203
      View Details
    • Contact for pricing
      212,345 SF

      Wichita Industrial Property For Sale

      212,345 SF industrial property in Wichita's aviation hub.
      1816 West 2Nd St N, Wichita, KS 67203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wichita Landmark Redevelopment Opportunity

      Iconic Wichita building for redevelopment with dock high access.
      300 W Murdock St, Wichita, KS 67203
      View Details
    • Contact for pricing
      8,631 SF

      Retail/Warehouse Space in Douglas District

      Retail/warehouse space for lease, close to major highways.
      1500 E Douglas Ave, Wichita, KS 67203
      View Details
    • $10 SF/Yr
      2,970 SF

      West Street Flex Space Available

      Modern Flex Space, 2970 sq ft
      204 West St, Wichita, KS 67203
      View Details
    • $3,600 /Mo
      10,556 SF

      West Street Retail Space Available

      Retail space for lease on a heavily traveled corridor.
      791 N West St, Wichita, KS 67203
      View Details
    • Contact for pricing

      Retail Space at Hard Corner

      Retail space for lease with high ceilings and ample parking.
      1351 N Waco Ave, Wichita, KS 67203
      View Details
    • $20 SF/Yr

      Class A Office Space Available

      Class A office space in Wichita's Delano District.
      740 W 2Nd St N, Wichita, KS 67203
      View Details
    Request Owner's contact information
    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.
    1029 Wichita St
    Wichita, KS 67203
    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
    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

    Thank You for Inquiry

    1029 Wichita St, Wichita, KS, 67203

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!