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Property profile & analytics
OFF-MARKET
Office Spaces

238 Waco Ave Wichita, KS 67202

6,232 SF 0.36 ac lot Built 1940
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sally A. Brown, ARNP Medical Clinic
  • ProviDRs Care Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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