101 Ridge RdWichita, KS 67212

  • Office buildings
  • 2,065 SF
For Lease
$15.50/SF/YR View listing

Property Details for 101 Ridge Rd

Year built
1956
Lot size
0.42 AC
Property size (Sq ft)
2,065 SF
Property type
Office buildings
APN
087-135-21-0-41-04-007.00
APU
87135210410400700

Description

This exceptional single-story medical office building offers 1,500 square feet of readily available space, perfectly situated in the central-west area of Wichita, Kansas. The building boasts a highly convenient drive-up design, enhancing accessibility for patients and staff. Located at 101 N Ridge Rd, Wichita, KS 67212, this property is ideal for a variety of medical practices seeking a well-positioned and easily accessible location. The space is currently configured for multiple tenants, offering flexibility for individual practitioners or larger groups. The property is classified as an office building with a medical office subtype, making it suitable for a range of healthcare-related businesses. Its location in Sedgwick County provides easy access to major transportation routes and a thriving local community. The building's single-level design ensures ease of navigation and accessibility for all. This prime location offers a unique opportunity for medical professionals to establish or expand their practice in a highly visible and convenient setting within Wichita. The 1,500 square feet provides ample space for various medical specialties, offering a comfortable and efficient work environment. Interested parties are encouraged to inquire for further details and to schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $318,265
    6.5%
    $293,783
    7%
    $272,799
  • Comparable approach

    Method
    Valuation
    Relative Method
    $248,461
    Geo Method
    $248,461
  • Alternative Use

    Use
    Valuation
    Residential
    $364,291
    Hospitality
    $333,689
    Educational
    $277,625
    Medical
    $287,173
    Retail
    $431,861

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.6838
Longitude
-97.4265
CBSA code
48620
CBSA name
WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,911
$20,475
$57,000
$77,475
-
$81,900
$228,000
$309,900

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