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Property profile & analytics
FOR SALE
Office Spaces

1101 E Central Ave Wichita, KS 67214

124,492 SF 1.39 ac lot Built 1970
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US33-0265461
Property summary
AI-generated overview

This exceptional 6,930 square foot flex building, situated on a 12,914 square foot lot in Wichita, Kansas, presents a unique owner-user opportunity. Built in 1965, this single-story structure boasts a highly visible hard corner location at 1101 E Central Ave, 67214, within Sedgwick County. The property is zoned for limited commercial use and offers multiple layout options, making it adaptable to a variety of businesses. The building features 12-foot overhead doors and includes an adjacent fenced lot, providing ample space for storage or outdoor operations. The space is currently divided into two leasable suites: Suite 1 (2,128 SF) with a monthly rent of $1,000 and Suite 2 (4,802 SF) with a monthly rent of $4,500. Both suites can be leased separately or together for a combined rent of $5,500 per month under a modified gross lease. The property is available for occupancy on October 30, 2024, and is offered at an asking price of $595,000. Its prime location ensures high visibility and accessibility, making it an ideal investment for businesses seeking a versatile and strategically located space.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1970
Construction STEEL FRAME
Total area 124,492 SF
Lot 1.39 ac (60,548 SF)
APN 087-125-21-0-12-03-001.00-B
UPID US33-0265461
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
  • Desert Steel Artist Landscaping Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.16M
Owner & transaction history
Mchb Advance LLC · 11 yrs held
Mchb Advance LLC
since 2014
3 recorded transactions
2022
Price N/A
2014
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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