7803 Osie StWichita, KS 67207

Property Details for 7803 Osie St

Year built

1982

Lot size

0.87 AC

Property size (Sq ft)

19,204 SF

Property type

Office properties

APN

087-119-31-0-11-04-002.00-B

APU

087119310110400200B

Description

This exceptional Wichita, Kansas office park, located at 7803 E Osie St, zip code 67207, presents a compelling investment opportunity. The 19,300 square foot property, built in 1982 and classified as Class B, boasts a strong 80% occupancy rate with 5,425 square feet currently available. Situated on 0.87 acres of land, one block from Rock Road and Kellogg, it offers unparalleled accessibility, being just a mile from Highway 54 (Kellogg) and near the I-35 Turnpike. The property includes 40 parking spaces and provides a mix of executive and traditional office spaces, allowing for versatile configurations to suit diverse business needs. The meticulously maintained grounds and common areas create a professional and welcoming environment. A variety of dining options are conveniently located within a half-mile radius, enhancing the appeal for tenants and clients. This prime location and high occupancy rate make this a strong investment prospect with significant potential for growth and return. The property's adaptable flex space caters to various business requirements, ensuring long-term tenant satisfaction and occupancy. This is a rare opportunity to acquire a well-established, high-performing office park in a desirable Wichita location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,308,626

  6.5%

  $3,054,116

  7%

  $2,835,965

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,310,625

  Geo Method

  $2,310,625

• Alternative Use

  Use

  Valuation

  Residential

  $3,787,104

  Hospitality

  $3,468,966

  Educational

  $2,886,140

  Medical

  $2,985,398

  Retail

  $4,489,550

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6621

Longitude

-97.2464

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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