Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2312 Meridian Ave Wichita, KS 67213-1912
    Back to Search
    Property profile & analytics

    2312 Meridian Ave Wichita, KS 67213-1912

    View on Map
    • Office buildings
    • 4,200 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US33-0341463
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 2312 Meridian Ave

    Year built
    1986
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Property size
    4,200 SF
    Property type
    Office buildings
    APN
    087-129-31-0-33-06-003.00-A
    APU
    087129310330600300A

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $617,000
      Market price range: $225k - $1.32M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3702
    Latitude
    37.6523
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,349
    $9,725
    $43,450
    $53,175
    -
    $38,900
    $173,800
    $212,700

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      1013 Douglas Ave, Unit A

      OFFICE BUILDING • 0.07 Acres
      1013 Douglas Ave, Wichita, KS 67213-4748
      View Details
    • Value Estimation by Request
      0.17 Acres

      Wichita, KS 67213

      OFFICE BUILDING • 0.17 Acres
      Wichita, KS 67213
      View Details
    • Value Estimation by Request
      0.22 Acres

      Wichita, KS 67213

      OFFICE BUILDING • 0.22 Acres
      Wichita, KS 67213
      View Details
    • Value Estimation by Request
      542 SF

      1786 Seneca St Ste, Unit 9

      OFFICE BUILDING • 542 SF
      1786 Seneca St Ste, Wichita, KS 67213-4124
      View Details
    • Value Estimation by Request
      542 SF

      1786 Seneca St Ste, Unit 12

      OFFICE BUILDING • 542 SF
      1786 Seneca St Ste, Wichita, KS 67213-4132
      View Details
    • Value Estimation by Request
      710 SF

      1515 Handley St

      OFFICE BUILDING • 710 SF
      1515 Handley St, Wichita, KS 67213-4320
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,030 SF

      South Wichita Office Building

      Office building for sale in South Wichita near Harry.
      530 E Harry St, Wichita, KS 67213
      View Details
    • $1,200,000

      Fully Leased Investment Opportunity

      Fully leased investment property with strong income and convenient location.
      3601 W Harry St, Wichita, KS 67213
      View Details
    • $1,090,550

      Wichita Office/Warehouse with Fenced Lot

      12,830 SF office/warehouse on 0.72-acre site for sale.
      1890 W Harry St, Wichita, KS 67213
      View Details
    • $1,090,550

      Wichita Office/Warehouse with Fenced Lot

      12,830 SF office/warehouse on 0.72 acres in Wichita.
      1890 W Harry St, Wichita, KS 67213
      View Details
    • $1,200,000

      Fully Leased Investment Opportunity

      Eight-bay commercial property with strong income and highway access.
      3601 W Harry St, Wichita, KS 67213
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Visible Office/Retail Space Available

      Highly visible office/retail space with ample parking.
      125 S West St, Wichita, KS 67213
      View Details
    • Contact for pricing

      Move-in Ready Office Space Available

      Office spaces for lease with convenient highway access and parking.
      3031 W Pawnee St, Wichita, KS 67213
      View Details
    • Contact for pricing

      Wichita Office Space Available

      Office space available for lease in Wichita, Kansas.
      2333 S West St, Wichita, KS 67213
      View Details
    • Contact for pricing
      216 SF

      Affordable Office Space Near Delano

      Office space for lease near Delano with door-side parking.
      305-313 North Seneca St, Wichita, KS 67213
      View Details
    • Contact for pricing

      Historic Delano Office Space

      Restored office space in historic Delano district available for rent.
      1029 W Douglas Ave, Wichita, KS 67213
      View Details
    • Contact for pricing
      47,000 SF

      Wichita Office Space For Rent

      Class B office space in southwest Wichita, various business uses.
      4729 S Palisade Ave, Wichita, KS 67213
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2312 Meridian Ave
    Wichita, KS 67213-1912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2312 Meridian Ave, Wichita, KS, 67213
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!