8400 32Nd StWichita, KS 67226

  • Office buildings
  • 40,481 SF
For Lease
$16/SF/YR View listing

Property Details for 8400 32Nd St

Year built
1992
Construction
FRAME
Lot size
2.65 AC
Property size (Sq ft)
40,481 SF
Property type
Office buildings
APN
087-109-32-0-31-01-004.00-C
APU
087109320310100400C

Description

This exceptional 40,500-square-foot Class A office and industrial property, located at 8400 E. 32nd St. N. in Wichita, Kansas, presents a unique opportunity. Built in 1992, this single-story building sits on a 2.65-acre lot and offers a highly adaptable floor plan perfect for various uses, including creative office, coworking, traditional office, warehouse, call center, and data center operations. The space boasts impressive 22 to 25-foot ceiling heights, ample parking with 375 spaces, and a 400-amp power supply. The layout includes conference rooms, private offices, training rooms, a large café, an open call center area, and dedicated IT server rooms/storage with an 8' x 8' overhead door. The property is conveniently located just 0.21 miles from K-96, within the North Rock Road retail corridor, providing easy access to numerous amenities, including retail shops and restaurants. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 40,500 square feet, currently entirely vacant. Zoned LI, this property offers significant potential for a variety of businesses. Utilities (gas, electric, and janitorial) are the responsibility of the tenant. A virtual tour is available online. This is a truly versatile and well-situated property ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,995,869
    6.5%
    $6,457,725
    7%
    $5,996,459
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,289,835
    Geo Method
    $3,289,835
  • Alternative Use

    Use
    Valuation
    Residential
    $8,007,579
    Hospitality
    $7,334,900
    Educational
    $6,102,550
    Medical
    $6,312,426
    Retail
    $9,492,856
8400 32Nd St, Wichita, Kansas

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.7435
Longitude
-97.2394
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
$62,383
$115,525
$518,365
$633,890
-
$462,100
$2,073,460
$2,535,560

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