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    8641 W 13Th St N Wichita, KS 67212
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    Property profile & analytics

    8641 W 13Th St N, Wichita, KS 67212

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    • Strip malls
    • 29,176 SF
    • 3.93 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Premier Retail Space in Wichita For Lease
    $14 SF/Yr
    4,347 SF

    Premier Retail Space in Wichita

    Class A retail spaces in high-traffic Wichita shopping center.

    8641 W 13th St N, Wichita, KS 67212
    View Listing
    Property ID
    US33-1048544
    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
    $1,440,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mochinut - West Wichita / Bakery / Specialty Food Shop
    • Restoration Chiropractic / Alternative Medicine Practice
    • Bakers Haus / (Bike/Boat/Book/etc) Store / Bakery
    • Tyler Pointe Shopping Center / Shopping Center & Mall
    • Wichita Psychiatric Consultant: Simmonds David PHD / Medical Clinic

    Property Details for 8641 W 13Th St N

    Year built
    2017
    Lot size
    3.93 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    087-135-16-0-22-01-002.00
    APU
    87135160220100200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 12, 2022 — Tyler Pointe LLC — Deed · related $1.7M · Meritrust FCU
    Apr 23, 2019 — Vandyne Real Estate LLC Tyler Pointe LLC Special Warranty Deed $473k · National Bank Of Kansas City

    Description

    Tyler Pointe Shopping Center, located at 8641 W 13th St N in Wichita, Kansas (zip code 67212), offers exceptional retail and office space in a thriving West Wichita location. This Class A strip center boasts a total of 8 available spaces, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 50,000 square feet. Currently, there are 61,400 square feet of vacant space available, providing ample opportunity for businesses of various sizes. The center benefits from a strong location within Sedgwick County, shadow anchored by the prominent Dillon's grocery store and Wesley Medical Center, ensuring high visibility and consistent foot traffic. The property is situated on a heavily trafficked four-lane arterial, 13th Street, providing easy access for commuters traveling between east and west Wichita. This established area is experiencing continued residential growth, making it an ideal location for businesses seeking to capitalize on a robust and expanding market. The property's strategic location and Class A designation make it an attractive option for businesses seeking a high-profile presence in a dynamic and growing community. The available spaces are perfect for a variety of uses, from small retail shops to larger office spaces. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,967,000
      Market price range: $1.31M - $1.97M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,555,000
      Current use
      AUTO REPAIR, GARAGE
      $2,245,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $2,205,000
      Change: +42% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,165,000
      Change: +39% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,035,000
      Change: +31% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,455,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4422
    Latitude
    37.7079
    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
    $94,705
    $171,200
    $653,965
    $825,165
    -
    $684,800
    $2,615,860
    $3,300,660

    Comparable in this City

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      0.04 Acres

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      9015 Central Ave

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      5,370 SF

      550 Rdg Rd

      SHOPPING CENTER, STRIP CENTER
      550 Rdg Rd, Wichita, KS 67212-6388
      View Details
    • Value Estimation
      $610,000
      10,240 SF

      10234 13th N St

      SHOPPING CENTER, STRIP CENTER
      10234 13th N St, Wichita, KS 67212-4377
      View Details
    • Value Estimation by Request
      2,760 SF

      8663 Central Ave

      SHOPPING CENTER, STRIP CENTER
      8663 Central Ave, Wichita, KS 67212-3614
      View Details
    • Value Estimation by Request
      7,930 SF

      10646 Central Ave

      SHOPPING CENTER, STRIP CENTER
      10646 Central Ave, Wichita, KS 67212-5181
      View Details

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      Retail Strip Center For Sale

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      Strip Center Retail Space

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      Retail Strip Center For Sale

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      Retail Space with Assumable Loan

      Retail space with low rent and assumable loan.
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      Medical Office Space For Sale

      Excellent visibility and accessibility near major medical campuses.
      8338 W 13Th St N, Wichita, KS 67212
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    Similar Nearby for Lease

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      13,620 SF

      Retail Space Available in Wichita

      Retail spaces for lease with high traffic and visibility.
      7323 W Central Ave, Wichita, KS 67212
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      Retail Space Near Central Intersection

      Retail space for lease in shopping center near Central intersection.
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      Retail Space in Waterfront Development

      Retail space available in a waterfront development, built in 2017.
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      Premier Retail Space in Wichita

      Class A retail spaces in high-traffic Wichita shopping center.
      8641 W 13Th St N, Wichita, KS 67212
      View Details
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      Central Heights Shopping Center Space

      Lease space available in busy Wichita shopping center.
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      Retail Space on Maize Road

      Retail space available in a busy Wichita location.
      1317 N Maize Rd, Wichita, KS 67212
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    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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