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    526 S Ridge Rd Wichita, KS 67212
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    526 S Ridge Rd Wichita, KS 67212

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    • Commercial real estate
    For Lease
    $20 SF/Yr
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    Retail Space with Abundant Parking For Lease
    $20 SF/Yr
    1,815 SF

    Retail Space with Abundant Parking

    Retail space for lease with high-visibility signage and parking.

    526 S. Ridge Rd, Wichita, KS
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    Property ID
    US33-0654023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 526 S Ridge Rd

    Property type
    Commercial real estate

    Description

    This exceptional 1,815 square foot retail space is available for lease on South Ridge Road, a highly desirable location in Sedgwick County. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a prominent presence in a thriving commercial area. Its strategic location benefits from the presence of numerous national retailers, ensuring high visibility and foot traffic. The space is currently pre-leasing, presenting a chance to secure a prime location within a well-established commercial corridor. This single-tenant retail building offers an ideal environment for a variety of businesses seeking to establish or expand their operations. The property's size is well-suited for a range of retail concepts, providing ample space for inventory, display, and customer interaction. The location on South Ridge Road guarantees excellent accessibility for customers and employees alike, with convenient access to major roadways and ample parking. The surrounding area's strong retail presence further enhances the property's appeal, creating a synergistic environment for businesses to thrive. This is a rare opportunity to secure a highly visible and strategically located retail space in a prime commercial area. Interested parties are encouraged to inquire promptly to secure this exceptional property. The property type is retail, and the tenancy is single. The county is Sedgwick County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4255241
    Latitude
    37.675678

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      Retail Space For Lease

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      High-Visibility Corner Retail Opportunity

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      Retail Space on Ridge Road

      Retail spaces available near Maple and Ridge Road.
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      Established Retail Space for Sale

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      Turnkey Restaurant Opportunity in Wichita

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    Similar Nearby for Lease

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      Retail Center Near Towne West

      Retail space with high visibility and renovation opportunities available for lease.
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      4,350 SF

      Freestanding Retail/Showroom/Flex Building

      High-visibility retail/showroom/flex space for lease on Kellogg Drive.
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      Retail Space For Lease

      Retail spaces available from 1,600 to 5,600 SF.
      6610-6840 W Kellogg Dr, Wichita, KS 67209
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      8,474 SF

      High-Visibility Corner Retail Opportunity

      Corner lot with high visibility near major retailers and airport.
      6866 W Kellogg Dr, Wichita, KS 67209
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    • $11 SF/Yr
      1,800 SF

      Retail Suite at Kellogg & Tyler

      1,800 SF retail suite suitable for many uses.
      8909 W Kellogg Dr, Wichita, KS 67209
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      Retail Space on Ridge Road

      Retail spaces available near Maple and Ridge Road.
      217 S Ridge Rd, Wichita, KS 67209
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    View Listing
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    526 S Ridge Rd
    Wichita, KS 67212
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    526 S Ridge Rd, Wichita, KS, 67212
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