4540 13Th StWichita, KS 67208

Property Details for 4540 13Th St

Year built

1968

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

2,760 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-121-11-0-44-04-001.00-D

APU

087121110440400100D

Description

This exceptional value-add retail investment property, located at 4540 E 13th St N in Wichita, Kansas, presents a compelling opportunity for investors. The 2,760 square foot building sits on a 0.37-acre lot and boasts 14 parking spaces. Currently housing two tenants—Metro by T-Mobile (since 2017) and Mars Mart 3 (since 2019)—the property enjoys 100% occupancy with a gross lease structure. Both tenants benefit from established loyal customer bases. Built in 1968 and renovated in 2020, the single-story building is in excellent condition with no known deferred maintenance. The property is zoned LC and offers a compelling price per square foot of $108.33, with an asking price of $299,000. Rent bumps are included in the lease agreements, providing future income growth potential. This multi-tenant retail center is an ideal entry point for commercial real estate ownership, offering strong cash flow and significant upside. The property features two units, each contributing to the overall profitability. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location.

• CAP approach

  CAP return

  Valuation

  6%

  $625,310

  6.5%

  $577,209

  7%

  $535,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $836,850

  Geo Method

  $836,850

• Alternative Use

  Use

  Valuation

  Residential

  $486,898

  Hospitality

  $445,996

  Educational

  $371,063

  Medical

  $383,825

  Retail

  $577,209

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7087

Longitude

-97.2832

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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