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    Brad Saville, Wichita, KS

    License ID: KS 00041653
    Landmark Commercial Real Estat
    Association
    Realtors Of South Central Kansas Inc

    Service Locations

    Contact details

    Phone:
    (316) 262-2442
    Office Address:
    126 N Dellrose, Wichita, KS, 67208

    Performance

    Listings
    26

    Listings

    For Sale (21)

    View map
    • Contact for pricing
      1.00 Acre

      Wichita Commercial Land - 1-4 Acres

      Prime Wichita commercial land, ample parking.
      601 Florence St, Wichita, KS 67209
      View Details
    • Contact for pricing
      3.29 Acres

      Wichita Waterfront Commercial Land

      Prime 3.29-acre pad site, upscale location.
      Wichita, KS 67206
      View Details
    • Contact for pricing

      Prime Maize Commercial Land

      61,870 SF Build-to-Suit Opportunity
      37 37Th St, Wichita, KS 67101
      View Details
    • $440,000

      Wichita Commercial Development Land

      Prime Wichita location, high traffic, 44,000 sq ft
      4030 Meridian Ave, Wichita, KS 67217
      View Details
    • $666,028
      1.39 Acres

      Wichita Commercial Land - $666,028

      Prime 1.39-acre commercial lot in Wichita, KS.
      0 21St St, Wichita, KS 67205
      View Details
    • Contact for pricing
      15.70 Acres

      Trails End Development: Prime Commercial Land

      15.7 Acres, C-1 Zoning, Valley Center, KS
      85th/5th And Seneca St Vly Ctr, Park City, KS 67147
      View Details
    • $160,000
      0.91 Acres

      Kiowa, KS Commercial Land - $160K

      Prime 0.9-acre commercial lot, high traffic.
      7 7Th St, Kiowa, KS 67070
      View Details
    • $392,909
      0.82 Acres

      Wichita Commercial Land - 0.82 Acres

      Prime Wichita development land, ideal for build-to-suit.
      0 21St St, Wichita, KS 67223
      View Details
    • Contact for pricing
      131.00 Acres

      131 Acres Wichita Development Land

      Prime commercial land, excellent access, high visibility.
      0 Nec Greenwich Rd & K-254, Wichita, KS 67226
      View Details
    • $443,007
      1.13 Acres

      Wichita Commercial Land - $443K

      1.13 Acres, Prime Commercial Location
      0 21St St, Wichita, KS 67223
      View Details
    • $75,000
      0.23 Acres

      Greensburg, KS Commercial Land Sale

      Prime 0.23-acre commercial lot.
      0 Swc Kansas Ave & Cedar St, Greensburg, KS 67054
      View Details
    • Contact for pricing
      2.84 Acres

      Wichita Industrial Land - 2.84 Acres

      Prime Wichita commercial lot, ideal for industrial development.
      0 Greenwich Rd, Wichita, KS 67226
      View Details
    • Contact for pricing
      0.99 Acres

      Prime Hutchinson Commercial Land

      0.99-acre C-4 zoned lot, ideal location.
      1328 17Th Ave, Hutchinson, KS 67501
      View Details
    • Contact for pricing
      1.10 Acres

      Wichita Commercial Land - 1.1 Acres

      Prime Wichita commercial land, ideal for development.
      Wichita, KS 67235
      View Details
    • Contact for pricing
      1.15 Acres

      Derby, KS Retail Land - High Traffic!

      1.15-acre commercial lot, prime location.
      2812 Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing
      2.13 Acres

      Wichita Commercial Land Development

      2.13 Acres, Prime Location, Build-to-Suit
      2160 Oliver St, Wichita, KS 67208
      View Details
    • Contact for pricing
      1.65 Acres

      Wichita Commercial Land - 1.65 Acres

      Prime Commercial Land, High Traffic Area, Excellent Visibility
      368 Towne East Mall Dr, Wichita, KS 67207
      View Details
    • $250,000
      1.17 Acres

      Prime Spring Hill Commercial Land

      1.17 Acres, C-2 Zoning, $250,000
      0 Sycamore And Webster, Spring Hill, KS 66083
      View Details
    • Contact for pricing
      1.00 Acre

      High-Traffic Wichita Commercial Land

      Prime Kellogg & Webb Road Location
      9901 Kellogg St, Wichita, KS 67207
      View Details
    • Contact for pricing
      1.00 Acre

      NE Wichita Development Land

      40.5 Acres, Prime Commercial Site
      29th And Greenwich Rd, Wichita, KS 67226
      View Details
    • $750,000
      54.02 Acres

      54 Acres Residential Land, Wichita, KS

      Prime Wichita land, 65 lots, development potential.
      47th St & Wood Riv, Wichita, KS 67216
      View Details

    For Lease (5)

    View map
    • Contact for pricing

      Wichita Commercial Land - 1.1 Acres

      Prime Wichita commercial lot, ideal for development.
      Wichita, KS 67235
      View Details
    • Contact for pricing
      71,874 SF

      Wichita, KS Prime Commercial Land

      71,899 SF Lot, Excellent Visibility
      368 Towne East Mall Dr, Wichita, KS 67207
      View Details
    • Contact for pricing
      92,783 SF

      Wichita Development Land - 2.13 Acres

      Prime Wichita commercial land, ideal for retail or QSR.
      2160 Oliver St, Wichita, KS 67208
      View Details
    • Contact for pricing
      33,541 SF

      Maize Commercial Land - Build Your Dream

      High-traffic commercial lot, build-to-suit or ground lease.
      37th And Maize, Wichita, KS 67101
      View Details
    • Contact for pricing

      Waterfront Pad Site Available

      Wichita, KS commercial land, 3.29 acres
      0 Of, Wichita, KS 67206
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

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    Brad Saville, Wichita, KS
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Brad Saville, Wichita, KS
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