5900 E Central Ave Wichita, KS 67208
Property Lookup
Property profile & analytics
5900 E Central Ave Wichita, KS 67208
- Strip malls
- 7,945 SF
- 0.71 lot acres
Property ID
US33-0533233
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.
Location Intelligence
Current Use by Public Records
- Jacquelyn Locke / Marriage Or Relationship Counselor
- Rachel Ukens / Marriage Or Relationship Counselor
- Angelo's Italian Restaurant - Wichita / Restaurant
- Sedgba Co / Advertising Agency / Marketing & Advertising
Property Details for 5900 E Central Ave
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 0.71 lot acres
- Property size
- 7,945 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 087-126-13-0-43-01-003.00
- APU
- 87126130430100300
Description
This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 5900 E Central Ave, Wichita, KS 67208. The 7,945 square foot building, constructed in 1968 and renovated in 2020, sits on a 0.72-acre lot and boasts 38 parking spaces. Currently operating at 100% occupancy with three tenants under NNN leases, this Class B property offers a compelling 6.80% cap rate and a price per square foot of $100.69. The asking price is $800,000. Situated in a well-established retail corridor in Northeast Wichita, this property benefits from high traffic volume exceeding 20,000 vehicles daily. The LC zoning permits a variety of uses. Financial reports are available upon request with a signed Non-Disclosure Agreement. The two-story building provides a strong foundation for continued growth and potential rental rate increases, offering significant upside potential. Multiple reinvestment projects in the area further indicate substantial future value appreciation. This is a prime asset for any real estate portfolio seeking stable income and long-term growth. The property is offered for sale by owner.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,575,000
- 6.5%
- $1,455,000
- 7%
- $1,350,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,154,000
Market price range: $409k - $1.28M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $820,000 Current use
- OFFICE BUILDING
- $1,005,000 Change: +23% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $855,000 Change: +4% Conversion: Difficult
- RESTAURANT
- $845,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2678
- Latitude
- 37.6944
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,213
$23,200
$198,025
$221,225
-
$92,800
$792,100
$884,900
