3815 Midco StWichita, KS 67215

Property Details for 3815 Midco St

Year built

1998

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

8,044 SF

Property type

Office buildings

APN

087-203-08-0-34-01-001.01

APU

87203080340100101

Description

This exceptional 8,044-square-foot single-tenant flex building presents a unique opportunity in Sedgwick County. The property boasts a full stone exterior and enjoys convenient access to major thoroughfares, including K-42/Southwest Blvd. and I-235, ensuring seamless transportation and logistics. The building's layout is highly functional, offering a generous 5,756 square feet of recently updated office space, ideal for modern business operations. In addition, there is 2,288 square feet of shop/lab space, providing ample room for various industrial or specialized uses. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize to their specific needs. The property is zoned for Limited Industrial use, opening up a range of possibilities for businesses seeking a blend of office and industrial functionality. The single-story structure simplifies operations and offers easy accessibility throughout. This is an exceptional opportunity to secure a well-maintained, strategically located flex space in a thriving area. The combination of updated office space, dedicated shop/lab area, and convenient location makes this property an attractive investment for a variety of businesses. The entire 8,044 square feet is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,239,770

  6.5%

  $1,144,403

  7%

  $1,062,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $967,854

  Geo Method

  $967,854

• Alternative Use

  Use

  Valuation

  Residential

  $1,419,060

  Hospitality

  $1,299,851

  Educational

  $1,081,461

  Medical

  $1,118,654

  Retail

  $1,682,273

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6242

Longitude

-97.4578

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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