8118 Douglas AveWichita, KS 67206

Property Details for 8118 Douglas Ave

Year built

1985

Construction

FRAME

Lot size

0.07 AC

Property size (Sq ft)

892 SF

Property type

Office buildings

APN

087-114-20-0-22-02-018.05

APU

87114200220201805

Description

This exceptional 2,700-square-foot office condo, situated at the intersection of Rock Road and Douglas, boasts a prime location with over 40,500 vehicles passing daily. Just one block from Towne East Mall, this single-tenant space offers unparalleled visibility with signage opportunities on a large monument sign and building facade. Previously utilized as a medical office, the suite features a well-designed layout including eight offices, three rooms with sinks, a reception waiting room, a kitchen, two bathrooms, and a storage room. The property includes 40 parking spaces and benefits from a 14-foot ceiling height. Built in 1985 and renovated in 2012, this Class B building sits on a 31,099-square-foot lot and is zoned for limited commercial use. The property is immediately available. A wealth of amenities, including restaurants, banks, and retail establishments, are within a three-minute drive. The average household income in the area is $82,000, indicating a strong consumer base. This versatile space is ideal for a variety of businesses, offering a blend of functionality and prime location. The property's features include a private entrance and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $154,154

  6.5%

  $142,296

  7%

  $132,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,632

  Geo Method

  $98,632

• Alternative Use

  Use

  Valuation

  Residential

  $176,447

  Hospitality

  $161,625

  Educational

  $134,470

  Medical

  $139,094

  Retail

  $209,175

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6872

Longitude

-97.2427

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].