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Property profile & analytics
FOR LEASE
Office buildings
2312 Meridian Ave Wichita, KS 67213-1912
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0341463
For Lease
1 / 3
Contact for pricing
2312 Meridian Ave, Wichita, KS 67213-1912
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Property summary
AI-generated overview
This exceptional retail opportunity in Wichita, Kansas, presents multiple spaces for lease within the Pawnee Business Park. Located at 2312 S Meridian Ave, Wichita, KS 67213, this property offers a variety of sizes to suit diverse business needs. Currently, four units are available, ranging from 600 to 1,050 square feet. Two units, located at 2312 S. Meridian, offer 600 square feet of open floorplan space each, leasing for $550 per month. Two additional units are situated at 2312 W. Pawnee. One unit, at 1,050 square feet, features an open reception area with smaller offices and leases for $875 per month. The other, a 1,000 square foot space, boasts an open floorplan with two closets, also leasing for $875 per month. All units are situated in Sedgwick County and provide convenient access to Wichita's thriving commercial district. This is an ideal location for businesses seeking flexible, well-priced retail space in a highly accessible area. The property is categorized as multi-tenant retail space. Contact us today to schedule a viewing and secure your ideal space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
FRAME
Total area
4,200 SF
Lot
0.45 ac (19,602 SF)
APN
087-129-31-0-33-06-003.00-A
UPID
US33-0341463
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
-
CORE Foodservice Food Broker
-
Salon #9 Nail Salon
-
Nuevo Amanecer Crisis Center Medical Clinic
-
Within the Wind Massage LLC Alternative Medicine Practice Spa & Massage Center
-
Griffith Steel Erection, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$275k
Owner & transaction history
ARGO PROPERTIES LLC
ARGO PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$275k
Range $248k – $303k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,349
Tax year 2023
Assessed value
$53,175
Assessed 2024
Previous assessed
$46,375
+14.7% YoY
Effective rate
10.06%
On assessed value
Assessed land
$9,725
Assessed improvement
$43,450
Land market value
$38,900
Improvement market value
$173,800
Total market value
$212,700
Applied tax rate
6,702.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
4,200 SF
Lot
0.45 ac (19,602 SF)
APN
087-129-31-0-33-06-003.00-A
UPID
US33-0341463
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
ARGO PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1081 S GLENDALE ST, WICHITA, KS 67218-3203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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