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Property profile & analytics
OFF-MARKET Estimated value $300,000
Office buildings

3703 Douglas Ave Wichita, KS 67213-2407

5,600 SF 0.4 ac lot Built 1971
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US33-0269308
Property summary
AI-generated overview

This exceptional 1,352 square foot office space is ideally situated at 3703 W Douglas Ave in Wichita, Kansas, within Sedgwick County (zip code 67213). The property is part of a larger 5,600 square foot building and offers a traditional office layout perfect for a single tenant. The space features multiple private offices, restrooms, a welcoming reception area, and a dedicated conference room, providing a functional and professional environment. Currently vacant and ready for immediate occupancy, the space becomes available February 1st, 2024. The lease rate is competitively priced at $10.83 per square foot, with an estimated Net, Net, Net (NNN) expense of $1.98 per square foot. This convenient location is easily accessible, positioned east of the intersection of Douglas Avenue and West Street, offering excellent visibility and convenient access to major thoroughfares. The property presents a fantastic opportunity for businesses seeking a well-appointed and strategically located office space in Wichita. This single-tenant occupancy ensures privacy and control over the entire space. Don't miss this chance to secure this desirable office space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Construction CONCRETE BLOCKS
Total area 5,600 SF
Lot 0.4 ac (17,424 SF)
APN 087-136-24-0-33-01-001.00-A
UPID US33-0269308
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
  • Le Nguyen Alternative Medicine Practice
  • James R. Bond, DC Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.11M
Comparable Approach Comparable
$931k
Blend (final) Blend
$300k
Owner & transaction history
Ronan Investment Properties LLC · 8 yrs held
Ronan Investment Properties LLC
since 2017
3 recorded transactions
2022
Price N/A
2017
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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