212 Hillside StWichita, KS 67214

Property Details for 212 Hillside St

Year built

1981

Construction

FRAME

Lot size

0.14 AC

Property size (Sq ft)

5,771 SF

Property type

Medical offices

Property subtype

Medical centers

APN

087-126-23-0-23-04-005.00-A

APU

087126230230400500A

Description

This exceptional investment opportunity presents a stabilized Class B medical office building located at 212 N Hillside St, Wichita, KS 67214. The 5,771 square foot building sits on a 0.62-acre lot and features 45 parking spaces. Currently 100% occupied by Seventh Direction, an outpatient rehabilitation provider, under a modified lease with a remaining term of approximately 1.2 years, expiring January 31, 2026. The lease commenced January 3, 2011, and includes a built-in 3% rent increase in February 2025. Built in 1981 and renovated in 2011, this single-tenant property offers a strong, consistent income stream. The property is zoned B Multi Family, LC. The asking price is $800,000, translating to $138.62 per square foot. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-located, stabilized medical office building with a proven tenant history in a growing market. Don't miss out on this chance to add a high-performing asset to your portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $889,447

  6.5%

  $821,028

  7%

  $762,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $694,367

  Geo Method

  $694,367

• Alternative Use

  Use

  Valuation

  Residential

  $1,018,075

  Hospitality

  $932,551

  Educational

  $775,872

  Medical

  $802,555

  Retail

  $1,206,911

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6889

Longitude

-97.2986

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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