Property profile

1220 37th N St Wichita, KS 67219

OFF-MARKET
Flex space
Property ID
US33-0967523
16,288 SF 2.94 ac lot Built 1980
Individually Owned 3-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist

Location

1220 37th N St Wichita, KS 67219-3519
Wichita metro Census 8100 WICHITA, KS METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.1M +102.6%

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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