8621 21St StWichita, KS 67206

Property Details for 8621 21St St

Year built

1999

Construction

FRAME

Lot size

4.20 AC

Property size (Sq ft)

58,660 SF

Property type

Office buildings

APN

087-113-08-0-21-01-002.00

APU

87113080210100200

Description

This exceptional 58,660-square-foot office building, constructed in 1999, presents a significant opportunity in Wichita, Kansas. Located at 8621 E 21st St N, near the intersection of 21st & Rock Road, this single-building property is zoned for general office use and offers a convenient location. The building features a total of 300 parking spaces, ensuring ample accommodation for tenants and visitors. The property boasts desirable amenities including an outdoor patio and a second-floor balcony, providing attractive outdoor spaces for tenants. Its prime location places it within walking distance of Bradley Fair, offering convenient access to shopping and dining options. The building is suitable for multiple tenants, providing flexibility for various business needs. The minimum lease term is five years. This property is situated in the highly desirable northeast area of Wichita, offering a prestigious address and excellent accessibility. The property's size and amenities make it an ideal location for a variety of businesses seeking a well-maintained and conveniently located office space in Wichita, KS, zip code 67206.

• CAP approach

  CAP return

  Valuation

  6%

  $10,137,538

  6.5%

  $9,357,727

  7%

  $8,689,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,340,246

  Geo Method

  $5,340,246

• Alternative Use

  Use

  Valuation

  Residential

  $11,603,582

  Hospitality

  $10,628,819

  Educational

  $8,843,052

  Medical

  $9,147,178

  Retail

  $13,755,859

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7215

Longitude

-97.2382

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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