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High Income Producing Westwood Colonial Bldg 4800 Rainbow Blvd 10,920 SF 100% Leased Office Building Westwood, KS 66205 $1,795,000 ($164.38/SF)
Investment Highlights
- High-Visibility Frontage: Situated prominently on Rainbow Blvd with high daily traffic counts.
- Target Demographics: Perfectly positioned within a high-density legal, medical, and professional submarket.
- Move-In Ready: Professionally maintained asset featuring extensive recent capital improvements.
- Medical Hub Proximity: Flanked to the north and south by the rapidly expanding University of Kansas Medical Center (KU Med).
- Strong Income History: Established, reliable revenue stream from a diverse multi-tenant user base.
- Forced Appreciation: Immediate potential to optimize rental rates to current market values as existing leases turn over.
Executive Summary
The Westwood Colonial Office Building offers a premier, high-income investment or owner-occupant opportunity in a highly sought-after medical and professional hub. This professionally maintained 10,920 sq ft multi-tenant office building boasts a historically stable occupancy rate exceeding 90%, paired with immediate operational upside to maximize your returns.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,920 SF
Building Class
C
Year Built
1966
Price
$1,795,000
Price Per SF
$164.38
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,640 SF
Slab To Slab
11’
Building FAR
0.81
Lot Size
0.31 AC
Zoning
C1 - CO Commercial/Office City of Westwood Ks
Parking
30 Spaces (2.75 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | RP66100000-0001 | Improvements Assessment | $134,415 (2025) |
| Land Assessment | $22,835 (2025) | Total Assessment | $157,250 (2025) |
Property Taxes
Parcel Number
RP66100000-0001
Land Assessment
$22,835 (2025)
Improvements Assessment
$134,415 (2025)
Total Assessment
$157,250 (2025)
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Contact the Sale Advisor
High Income Producing Westwood Colonial Bldg | 4800 Rainbow Blvd