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21st And Webb Rd Wichita, KS 67206

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Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 50,941 square foot commercial land parcel presents a unique investment opportunity in Northeast Wichita, Kansas. Strategically located at the intersection of 21st and Webb Road, this property boasts a highly desirable location with exceptional visibility and accessibility. Zoned for limited commercial use, the site is ideally suited for a variety of businesses, capitalizing on the area's robust economic activity and high traffic volume. With 33,310 vehicles passing daily, this location ensures significant exposure for any development. The surrounding area is home to a diverse mix of established businesses, including Assured Partners, Andy's Frozen Custard, Cypress Heart, Commerce Bank, Extra Space Storage, Simply Mac, and Blue Hook Cajun Seafood & Bar, creating a thriving commercial environment. The average household income within a one-mile radius is a substantial $170,346, indicating a strong consumer base with significant purchasing power. Adding to its appeal, the property is conveniently located less than a mile from Highway K-96, providing easy access to major transportation routes. Offered at $611,292 ($15.00 per square foot), this property represents a compelling investment opportunity in a rapidly growing area of Wichita. The 1.17-acre lot provides ample space for development, allowing for significant flexibility in design and functionality. Don't miss this chance to secure a prime location in a thriving commercial corridor.

Property profile

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Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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