5345 Maize RdMaize, KS 67101

Property Details for 5345 Maize Rd

Year built

1980

Construction

FRAME

Lot size

2.06 AC

Property size (Sq ft)

2,040 SF

Property type

Turn key restaurants

APN

087-084-19-0-11-01-001.00

APU

87084190110100100

Description

This exceptional 2,040-square-foot retail space, formerly a Pizza Hut, presents a fantastic opportunity in Maize, Kansas. Located at 5345 N Maize Rd, 67101, this single-tenant building boasts high visibility and accessibility due to its location at a busy intersection. Built in 1980, the property offers significant advantages for a variety of restaurant or retail uses. The building features approximately 33 parking spaces, ensuring ample customer convenience. The interior includes some existing kitchen equipment, booths, tables, and chairs, offering a potential head start for new tenants. The property is zoned for Limited Commercial use within Sedgwick County. The asking lease rate is $10.00 per square foot, NNN, with estimated net operating expenses of $4.00 per square foot. This prime location and existing infrastructure make this a compelling opportunity for a savvy business owner seeking a well-established space with strong visibility and convenient parking. The property's history as a successful restaurant provides a solid foundation for future success.

• CAP approach

  CAP return

  Valuation

  6%

  $462,186

  6.5%

  $426,633

  7%

  $396,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $618,541

  Geo Method

  $618,541

• Alternative Use

  Use

  Valuation

  Residential

  $359,881

  Hospitality

  $329,649

  Educational

  $274,264

  Medical

  $283,696

  Retail

  $426,633

Location Insight

City

Maize

County

Sedgwick

State

Kansas

Latitude

37.7804

Longitude

-97.464

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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