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Property profile & analytics
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
$540k
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%
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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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