Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2411 Maize Rd Wichita, KS 67205
    Back to Search
    Property profile & analytics

    2411 Maize Rd Wichita, KS 67205

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2411 Maize Rd

    Property type
    Retail properties & Spaces

    Description

    This exceptional 8,543-square-foot retail space is located at 2411 N Maize Rd in Wichita, Kansas, zip code 67205. The property is a single-tenant building, offering a significant opportunity for a business seeking a prominent location. Situated within the highly trafficked New Market Square, this open-air shopping center draws an impressive 11.34 million visitors annually, making it the number one visited center in Kansas. The center features a diverse mix of family-friendly retailers and restaurants, ensuring high foot traffic and excellent visibility for your business. The building is a single-story structure, providing convenient access and ample space for a variety of retail operations. The property's address is easily accessible and benefits from excellent visibility within the shopping center. This location offers a unique opportunity to establish or expand a retail presence in a thriving and well-established commercial area. The property is ideal for a business seeking high visibility and a strong customer base in a vibrant retail environment. This prime retail space presents a compelling investment opportunity in a high-traffic, family-friendly shopping destination. The property's single-tenant occupancy provides flexibility and control for the tenant. The location in Wichita, Kansas offers access to a large and diverse customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4661
    Latitude
    37.7283

    Comparable in this City

    • Value Estimation by Request

      2243 Tyler Rd

      Restaurants
      2243 Tyler Rd, Wichita, KS 67205
      View Details
    • Value Estimation by Request
      22,350 SF

      37Th St

      Neighborhood centers • 22,350 SF
      0 37Th St, Wichita, KS 67205
      View Details
    • Value Estimation by Request
      9,354 SF

      1914 21St St

      Neighborhood centers • 9,354 SF
      1914 21St St, Wichita, KS 67205
      View Details
    • Value Estimation
      $1,180,000
      22,601 SF

      3711 Rdg Rd

      DEPARTMENT STORE • 22,601 SF
      3711 Rdg Rd, Wichita, KS 67205-1216
      View Details
    • Value Estimation by Request

      2800 Maize Rd

      Retail properties & Spaces
      2800 Maize Rd, Wichita, KS 67205
      View Details
    • Value Estimation by Request
      15,050 SF

      10555 21St St

      Retail properties & Spaces • 15,050 SF
      10555 21St St, Wichita, KS 67205
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Retail Property For Sale

      New retail property with two drive-through lanes and strong tenants.
      10209 W 29Th St N, Wichita, KS 67205
      View Details
    • Contact for pricing

      Retail Spaces in High-Traffic Area

      Two retail spaces available in a high-traffic Wichita location.
      2233 N Ridge Rd, Wichita, KS 67205
      View Details
    • $30,000
      0.20 Acres

      Residential Land in Goddard, Kansas

      Land for residential construction, close to amenities and highway access.
      N Main St, Goddard, KS 67205
      View Details
    • Contact for pricing

      Development Land in Northwest Wichita

      Prime development opportunity with versatile zoning and high visibility.
      45th St. & Tyler Rd S of SWc, Wichita, KS 67205
      View Details
    • Contact for pricing

      Commercial Pad Sites For Sale

      Commercial pad sites in rapidly growing Northwest Wichita quadrant.
      10101 W 37Th St N, Wichita, KS 67205
      View Details
    • Contact for pricing

      West Wichita Development Opportunity

      Commercial land for sale in a high-traffic Wichita location.
      8541 W 21St St, Wichita, KS 67205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      High-traffic land for lease near Avante Apartments, available now.
      W 37Th St, Wichita, KS 67205
      View Details
    • Contact for pricing

      Retail Space Near Sam's Club

      Retail space conveniently located near the new Sam’s Club.
      3080 N Maize Rd, Wichita, KS 67205
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      New retail space with drive-thru in high-traffic area.
      37th And Rdg Rd, Wichita, KS 67205
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space on West 21st

      Highly visible retail space with easy access parking.
      8541 W 21St St, Wichita, KS 67205
      View Details
    • Contact for pricing
      1,975 SF

      Retail Space Near New Market

      Retail space suitable for retail, restaurant, and medical users.
      10240 West 29Th St N, Wichita, KS 67205
      View Details
    • Contact for pricing

      Retail Endcap Space Near Theater

      1300 SF retail space suitable for salon or coffee shop.
      8918 W 21St St, Wichita, KS 67205
      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.
    2411 Maize Rd
    Wichita, KS 67205
    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
    2411 Maize Rd, Wichita, KS, 67205
    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!