Wichita, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wichita, Kansas Market population: 384K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Wichita KS Properties: 1.2700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Wichita KS
Common questions from investors exploring commercial real estate in Wichita KS.
What is the overall investment potential of Wichita, KS, considering its demographic and economic factors?
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Wichita, KS, with a population of 383,703 and a median age of 34.0, presents a stable investment market, given its median household income of $46,011 and a relatively high poverty rate of 16.4%, which is somewhat mitigated by an employed population of 179,145 and a high health insurance coverage rate of 86.7%.
How does the ethnic diversity and industry landscape of Wichita influence its real estate market?
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The city's ethnic diversity, with top ethnicities being White (40.7%), White Non-Hispanic (34.9%), and Hispanic (9.5%), combined with its top industries in Agriculture, Forestry, Fishing & Hunting, & Mining, Manufacturing, and Finance & Insurance, & Real Estate & Rental & Leasing, suggests a market with varied demand, potentially driven by these sectors and supported by a relatively low average commute time of 17.6 minutes.
What are the implications of Wichita's poverty rate and health insurance coverage for real estate investors?
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The 16.4% poverty rate in Wichita, while concerning, is somewhat offset by the high health insurance coverage rate of 86.7%, indicating a level of employment stability and access to healthcare, which can contribute to a more stable tenant base for investors, especially when considering the city's median property value of $117,500 and median property taxes of $91,545.
How do commute times and methods in Wichita impact the quality of life for residents and, by extension, the attractiveness of the area for real estate investment?
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The average commute time of 17.6 minutes in Wichita, with top commute methods being driving alone, carpooling, and working from home, suggests a city with relatively convenient transportation options, contributing to a higher quality of life for residents, which can make the area more attractive for both living and investment, considering the city's homeownership rate of 59.2% and the diversity of its top industries.
What insights can be gleaned from Wichita's GINI coefficient and its implications for real estate investment?
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Wichita's GINI coefficient of 0.453, indicating a moderate level of income inequality, combined with its median household income of $46,011 and poverty rate of 16.4%, suggests that investors should consider a balanced approach, potentially focusing on affordable housing options that cater to the working-class population, while also exploring opportunities in areas with growing demand driven by the city's top industries and ethnic diversity.
Wichita KS Real Estate & City Facts
Key facts and real estate information about Wichita KS.
What are some of the best neighborhoods to live in Wichita?
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Some of the best neighborhoods to live in Wichita include College Hill, Courtland, Cottonwood Village, Chisholm Creek, Longview, Country Overlook, Riverside, Delano, Indian Hills, Crown Heights, and Mainsgate. Each offers its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Wichita?
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Wichita has a variety of attractions and activities to enjoy, including visiting the Old Mill Tasty Shop, exploring the city's many parks and outdoor spaces, and checking out the local breweries and restaurants. There are also plenty of great museums, such as the Wichita Art Museum and the Kansas African American Museum. Additionally, the city hosts various events and festivals throughout the year, like the Wichita Riverfest and the Wichita Jazz Festival.
What is the food scene like in Wichita?
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Wichita's food scene is diverse and vibrant, with a range of restaurants serving everything from classic American comfort food to international cuisine. Some popular spots include Bella Vita Bistro, The Belmont, Chester's Chophouse & Wine Bar, Georges French Bistro, and Old Mill Tasty Shop. There are also plenty of great food trucks and local eateries to try, offering everything from barbecue to tacos to gourmet grilled cheese.
What are the pros and cons of living in Wichita?
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Living in Wichita has its pros and cons. On the plus side, the city has a relatively low cost of living, a strong sense of community, and a variety of cultural attractions and activities to enjoy. However, some drawbacks include the city's limited job market and economic opportunities, as well as its location in a region prone to severe weather. Additionally, some areas of the city may have higher crime rates or other safety concerns. Overall, it's worth weighing the advantages and disadvantages to decide if Wichita is the right fit for you.
Is Wichita a good place to live?
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Whether or not Wichita is a good place to live depends on your individual needs and preferences. The city has a lot to offer, including a rich cultural scene, a strong sense of community, and a relatively low cost of living. However, it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle. If you're considering moving to Wichita, it's worth doing your research and weighing the pros and cons to decide if it's the right choice for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Wichita KS Commercial Property: $46,011
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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