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Property profile

238 Waco Ave Wichita, KS 67202

OFF-MARKET
Office Spaces
6,232 SF 0.36 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional, single-tenant office building at 238-240 N Waco Ave. offers 6,232 square feet of versatile space in Wichita's Central Business District. Built in 1940, this one-story, Class C building boasts modern finishes creating a professional and welcoming atmosphere. The property sits on a 0.359-acre lot and provides convenient on-site surface parking directly adjacent to the building. The layout is ideal for a variety of uses, including traditional office, executive suites, or coworking spaces. Two fully equipped kitchen areas offer flexibility for hosting events or providing employee amenities. A secure rear courtyard provides a private outdoor break and recreation area for tenants. Security features include fully secured access, ensuring a safe and controlled environment. Three sets of restrooms are strategically located throughout the building for convenient access. This is a rare opportunity to acquire a turn-key office space in a highly desirable downtown location. The zoning designation is Central Business District.

Property profile

Verified
Property type Office Spaces
Year built 1940
Total area 6,232 SF
Lot 0.36 ac (15,638 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Insurance Agency

Location

238 Waco Ave Wichita, KS 67202
Wichita metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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