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    Property profile & analytics
    OFF-MARKET Estimated value $675,000
    Flex space

    1220 37th N St, Wichita, KS 67219-3519

    16,288 SF 2.94 ac lot Built 1980
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US33-0967523
    Property summary
    AI-generated overview

    This exceptional 21,958-square-foot industrial building, located at 1220 E 37th St N in Wichita, Kansas, presents a unique investment opportunity. The property, classified as Class B, boasts a single-story structure built in 1980 and renovated in 2002, sitting on a generous 2.94-acre lot. Its flexible design caters to a variety of uses, combining warehouse and flex space. The building features three drive-in doors for convenient access, and boasts approximately 3,200 square feet of office space distributed across two floors. Approximately half of the shop area benefits from air conditioning, enhancing its versatility. Existing infrastructure includes pallet racking and crane rails, ready for immediate use. The property is zoned GI and offers 480V/300A/3P power. A significant upgrade was completed in 2023 with the installation of a new TPO roof. Its strategic location provides excellent interstate access, making it an ideal choice for businesses seeking efficient logistics and operations. This single-tenant property offers significant potential for a wide range of industrial and commercial applications. The property's size, features, and location combine to create a compelling investment opportunity in the thriving Wichita market.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1980
    Construction STEEL FRAME
    Total area 16,288 SF
    Lot 2.94 ac (128,066 SF)
    APN 087-098-28-0-43-01-011.00
    UPID US33-0967523
    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
    • Wood Specialties Inc General Contractor Renovation Specialist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $545k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $806k
    Blend (final) Blend
    $675k
    Owner & transaction history
    Richard L Phillips · 3 yrs held
    Richard L Phillips
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.1M +102.6%
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