Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4720-4746 Broadway St Wichita, KS 67216
    Back to Search
    Property profile & analytics

    4720-4746 Broadway St Wichita, KS 67216

    View on Map
    • Retail properties & Spaces
    • 23,262 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4720-4746 Broadway St

    Year built
    1994
    Property size
    23,262 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 4720-4746 S. Broadway Ave. in Wichita, Kansas, offers 23,262 square feet of leasable space in a thriving commercial area. Built in 1994 and zoned for general commercial use, this multi-tenant building presents a fantastic opportunity for businesses seeking high visibility and convenient access. The property features ample door-side parking for customer convenience, along with prominent building and monument signage opportunities to enhance brand awareness. A fully equipped restaurant space is also available, complete with existing inventory (a detailed list is available upon request). This prime location benefits from its proximity to major retailers and restaurants, including Dillons Marketplace, Applebee's, Pizza Hut, Dunkin' Donuts, and O'Reilly Auto Parts, ensuring high foot traffic and strong consumer presence. Situated near the intersection of 47th Street South and South Broadway, this retail center provides excellent accessibility and visibility within a well-established commercial corridor in Sedgwick County, Kansas, zip code 67216. The property's strategic location and versatile space make it an ideal investment for a variety of retail businesses seeking a strong foothold in a busy Wichita market. This is a rare opportunity to secure a well-positioned retail space in a high-traffic area with established neighboring businesses.

    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
    -97.3336
    Latitude
    37.6092

    Comparable in this City

    • Value Estimation by Request
      0.39 Acres

      410 43rd S St

      RETAIL STORES (PERSONAL SERVICES) • 0.39 Acres
      410 43rd S St, Wichita, KS 67216-1708
      View Details
    • Value Estimation by Request
      2,520 SF

      2736 Hydraulic St

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      2736 Hydraulic St, Wichita, KS 67216-2119
      View Details
    • Value Estimation by Request
      4,028 SF

      2855 Hydraulic St

      RETAIL STORES (PERSONAL SERVICES) • 4,028 SF
      2855 Hydraulic St, Wichita, KS 67216-2402
      View Details
    • Value Estimation by Request
      0.60 Acres

      Wichita, KS 67216

      RETAIL STORES (PERSONAL SERVICES) • 0.60 Acres
      Wichita, KS 67216
      View Details
    • Value Estimation by Request
      0.44 Acres

      Wichita, KS 67216

      RETAIL STORES (PERSONAL SERVICES) • 0.44 Acres
      Wichita, KS 67216
      View Details
    • Value Estimation by Request
      0.46 Acres

      Wichita, KS 67216

      RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres
      Wichita, KS 67216
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Building with Parking

      Retail building with 12 parking spaces, currently a laundromat.
      2890 S Hillside St, Wichita, KS 67216
      View Details
    • $800,000
      4,764 SF

      Renovated Restaurant on Broadway Corridor

      Fully renovated restaurant with parking and drive-thru potential.
      111 E 47Th St S, Wichita, KS 67216
      View Details
    • $2,099,000

      Wichita Restaurant Opportunity For Sale

      Fully renovated restaurant on Wichita’s Broadway commercial corridor.
      Witchita, Wichita, KS 67216
      View Details
    • Contact for pricing
      11,493 SF

      Versatile Commercial Property on Broadway

      Well-maintained commercial property with excellent visibility and extensive renovations.
      3101 S Broadway Ave, Wichita, KS 67216
      View Details
    • Contact for pricing
      Pending

      Versatile Commercial Property on Broadway

      Well-maintained commercial property with extensive renovations and Broadway frontage.
      3101 S Broadway St, Wichita, KS 67216
      View Details
    • Contact for pricing

      1.14 Acre Land Available

      1.14 acres of land for sale.
      4808 S Hydraulic Ave, Wichita, KS 67216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      833 SF

      Retail Space in Saddle Creek

      Retail/Office space for lease in southwest Wichita.
      4838 S Broadway St, Wichita, KS 67216
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in South Wichita

      End-cap retail space available January 1st, 2026.
      2484 S Broadway St, Wichita, KS 67216
      View Details
    • $11 SF/Yr
      18,160 SF

      Retail Suites Near Pawnee & Broadway

      Retail suites available with high visibility and ample parking.
      2570 S Broadway St, Wichita, KS 67216
      View Details
    • $15 SF/Yr
      13,912 SF

      Retail Suites on South Broadway

      Prime retail spaces available for lease on South Broadway.
      4921 South Broadway St, Wichita, KS 67216
      View Details
    • Contact for pricing
      1,300 SF

      Retail/Office Space For Lease

      Retail/office space available for lease near 31st St. South.
      3114 E 31St St South, Wichita, KS 67216
      View Details
    • Contact for pricing

      Prime Industrial Land for Lease

      30 acres of industrial land with retail development potential.
      35 E 47Th St S, Wichita, KS 67216
      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.
    4720-4746 Broadway St
    Wichita, KS 67216
    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
    4720-4746 Broadway St, Wichita, KS, 67216
    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!