8110 32Nd St Wichita, KS 67226
- Office buildings
- 49,297 SF
- 3.51 lot acres
Current Use by Public Records
- FedEx Drop Box / Mailing Service
- Jason Menges / Physician Assistant / Practitioner Service Location
- Julia Bippert / Practitioner Service Location / Nutritionist
- Equipoise Healthcare / Pediatric Clinic
- Elisa Stauffer, MD / Pediatric Oncologist / Pediatric Hematologist
Property Details for 8110 32Nd St
- Year built
- 1995
- Lot size
- 3.51 lot acres
- Property size
- 49,297 SF
- Property type
- Office buildings
- APN
- 087-109-32-0-31-01-002.05
- APU
- 87109320310100205
Description
Northrock Place, located at 8110 E 32nd St N in Wichita, Kansas, 67226, presents a compelling investment opportunity. This single, two-story Class A office building, constructed in 1995, offers a total of 49,297 square feet situated on a 3.51-acre lot. The property is zoned for Limited Commercial use and features multiple tenancies, making it ideal for a variety of uses. The building boasts ample parking, along with building and monument signage opportunities, enhancing visibility and accessibility. Its strategic location along the Rock Road corridor provides convenient access to numerous national retailers, maximizing exposure and attracting potential tenants. Recent capital improvements significantly enhance the property's value and functionality. These upgrades include a new roof, enhanced access control systems, modernized HVAC controls, a complete LED parking lot lighting conversion, and extensive parking lot repairs and replacement. Furthermore, the majority of the HVAC units have been replaced, and the restrooms have undergone complete renovations. This meticulously maintained property offers a rare combination of prime location, modern amenities, and significant recent improvements, presenting a strong return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,375,000
- 6.5%
- $1,365,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,205,000
- Geo Method
- $1,350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,495,000
- Retail
- $1,360,000
- Mixed-Use
- $1,285,000
- Hospitality
- $1,485,000
- Educational
- $1,390,000
- Residential Income
- $1,300,000
- Energy
- $1,525,000
- Income-Based Land
- $1,385,000
- Food Service
- $1,340,000
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.243
- Latitude
- 37.7432
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
