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    FOR SALE
    Medical Office Space

    2734 N Woodlawn Blvd, Wichita, KS 67226

    11,028 SF 1.61 ac lot Built 2004
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US33-0747748
    Property summary
    AI-generated overview

    This exceptional Class A executive office building, located at 2734 N Woodlawn Blvd in Bel Aire, Kansas, presents a compelling investment opportunity. Boasting 11,028 square feet within a single-story structure situated on a 1.61-acre lot, this property offers significant potential. The building is currently zoned for general office use and features excellent visibility with frontage along Woodlawn Avenue and convenient access via a signalized intersection. Purpose-built for diagnostic and imaging applications, the highly functional layout allows for easy conversion to suit a variety of future uses. The property enjoys a prime location, benefiting from high traffic volume and strong demographics, and is conveniently situated next to the HCA Wesley Medical Center Woodlawn Campus. The asking price is $3,255,000, representing a 6.5% cap rate, projected to increase to 6.83%. The lease term runs from October 1, 2021, to September 30, 2026. Landlord responsibilities include roof and structural repairs/replacements. The occupancy date for a new tenant is October 24, 2024. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area of Wichita, Sedgwick County, Kansas (zip code 67226).

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2004
    Total area 11,028 SF
    Lot 1.61 ac (70,132 SF)
    APN 087-113-06-0-23-02-005.00
    UPID US33-0747748
    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
    • Dr. Darren K. Orme, DO Physician
    • Wesley Healthcare Imaging Center Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.07M
    Blend (final) Blend
    $1.21M
    Owner & transaction history
    ORCHARD AVENUE LLC
    ORCHARD AVENUE LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.2M +54.7%
    Apartment house (5+ units) $925,000 +21.3%
    Office building $915,000 +19.6%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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