2734 Woodlawn Blvd Bel Aire, KS 67226
- Medical offices
- 11,028 SF
- 1.61 lot acres
Current Use by Public Records
- Dr. Darren K. Orme, DO / Physician
- Wesley Healthcare Imaging Center / Medical Clinic
Property Details for 2734 Woodlawn Blvd
- Year built
- 2004
- Lot size
- 1.61 lot acres
- Property size
- 11,028 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 087-113-06-0-23-02-005.00
- APU
- 87113060230200500
Description
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).
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,072,000
Market price range: $488k - $1.07M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $765,000 Current use
- RESTAURANT
- $1,180,000 Change: +55% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $925,000 Change: +21% Conversion: Moderate
- OFFICE BUILDING
- $915,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $845,000 Change: +10% Conversion: Difficult
- WAREHOUSE, STORAGE
- $835,000 Change: +9% Conversion: Difficult
- RETAIL STORES
- $800,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2617
- Latitude
- 37.7335
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
