12420 K 42 HwyWichita, KS 67227

Property Details for 12420 K 42 Hwy

Year built

1995

Construction

STEEL FRAME

Lot size

5.08 AC

Property size (Sq ft)

8,640 SF

Property type

Office buildings

APN

087-196-13-0-41-01-001.00

APU

87196130410100100

Description

This exceptional 8,640 square foot free-standing office building presents a rare leasing opportunity in Wichita, Kansas. Situated on a generous 5.08-acre lot at 12420 W. K-42 Hwy, this property boasts prime visibility and convenient access to Wichita and western Sedgwick County. Built in 1995, the single-tenant building is zoned GO and features a pre-engineered steel structure with a clear span design. The high ceilings, reaching 16 feet at the peak and 11 feet at the sidewalls, offer versatile space ideal for a variety of uses. Previously utilized as a call center, this adaptable space is well-suited for light assembly/manufacturing, agricultural businesses, daycare centers, churches, general contractors, and numerous other enterprises. The expansive parking lot provides ample space for employees, customers, or even fenced storage/display areas. This property offers a unique blend of functionality, location, and flexibility, making it an attractive option for businesses seeking a prominent presence in the Wichita market. The building is categorized as a Traditional Office, Executive Office, and Coworking space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,331,628

  6.5%

  $1,229,195

  7%

  $1,141,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,039,565

  Geo Method

  $1,039,565

• Alternative Use

  Use

  Valuation

  Residential

  $1,524,202

  Hospitality

  $1,396,160

  Educational

  $1,161,589

  Medical

  $1,201,538

  Retail

  $1,806,916

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6133

Longitude

-97.4859

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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