10243 21St StWichita, KS 67205

  • Strip malls
  • 5,621 SF
For Lease
$24/SF/YR View listing

Property Details for 10243 21St St

Year built
2001
Construction
FRAME
Lot size
0.67 AC
Property size (Sq ft)
5,621 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
087-133-08-0-22-03-022.00
APU
87133080220302200

Description

This exceptional retail opportunity is located at the southwest corner of 21st and Maize Road in Sedgwick County, Kansas. The property, a 5,621 square foot strip center built in 2001, sits on a generous 29,234 square foot lot and is zoned Limited Commercial (LC). Currently, one 1,610 square foot space is available for lease, beginning in the first quarter of 2024. The center enjoys an enviable location with exceptional visibility and high traffic counts, boasting 49,570 vehicles per day at the intersection. Strong existing tenants include Subway and Eagle Ridge Dental, providing a stable and desirable environment for new businesses. The property benefits from a vibrant and densely populated area, surrounded by a wealth of national and regional retailers, including Wendy's, Chick-fil-A, McDonald's, Walgreens, Starbucks, Dillons Marketplace, and Chipotle, ensuring high foot traffic and consumer density. This location offers unparalleled access to a large customer base, making it an ideal space for a variety of retail businesses seeking a prime location with strong co-tenancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,273,503
    6.5%
    $1,175,541
    7%
    $1,091,574
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,704,323
    Geo Method
    $1,704,323
  • Alternative Use

    Use
    Valuation
    Residential
    $991,613
    Hospitality
    $908,312
    Educational
    $755,705
    Medical
    $781,695
    Retail
    $1,175,541
10243 21St St, Wichita, Kansas

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.7221
Longitude
-97.4616
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
$27,336
$102,325
$117,450
$219,775
-
$409,300
$469,800
$879,100

FAQs

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