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Property profile & analytics
FOR LEASE
Strip malls

2407 E Harry St Wichita, KS 67211

6,532 SF 0.12 ac lot Built 1952
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US33-0257830
2407 E Harry St, Wichita, KS 67211 For Lease
$475/Mo 720 SF available
2407 E Harry St, Wichita, KS 67211
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Property summary
AI-generated overview

This exceptional multi-tenant retail investment opportunity is located at 2407 E Harry St, Wichita, Kansas, 67211. The property consists of a single, one-story building totaling 6,532 square feet, currently boasting 100% occupancy. The asking price is $355,000, representing a compelling $54.35 per square foot and a strong 10.23% capitalization rate with a current Net Operating Income (NOI) of $36,304. The property features six individual suites ranging in size from 300 to 1,350 square feet, offering diverse income streams. The lease type is modified, with one year remaining on the current lease. The property is zoned LC - Limited Commercial and includes four lots totaling 21,068 square feet. Landlord responsibilities include property taxes, insurance, and trash removal, while tenants are responsible for utilities, internet, and janitorial services. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location. The strong occupancy rate and attractive cap rate make this an ideal addition to any investment portfolio. The substantial land area offers potential for future expansion or development.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1952
Construction FRAME
Total area 6,532 SF
Lot 0.12 ac (5,227 SF)
APN 087-128-34-0-12-04-001.00-A
UPID US33-0257830
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
  • Sandu Ministries Church
  • Elite Lawn Care & Maintenance of Wichita Landscaping
  • The Door Christian Center Church
  • The Royal Lounge Bar & Pub (Bike/Boat/Book/etc) 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
by Request
Owner & transaction history
1701 S Broadway LLC · 7 yrs held
1701 S Broadway LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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