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    Carl Hebert, Ccim, Wichita, KS

    License ID: KS 00227891
    Insite Real Estate Group Llc
    Association
    Realtors Of South Central Kansas Inc

    Service Locations

    Contact details

    Phone:
    (316) 210-4130
    Office Address:
    11115 Sheriac, Wichita, KS, 67209

    Performance

    Listings
    27

    Listings

    For Sale (16)

    View map
    • $340,000

      Andover Rd. Commercial Land Opportunity

      Prime Andover, KS commercial lot, B-3 zoning.
      1846 Andover Rd, Andover, KS 67002
      View Details
    • $498,100
      14.65 Acres

      Prime Interstate Commercial Land

      14.65 Acres, High Growth Area, KS
      0 101St St, Valley Center, KS 67147
      View Details
    • $340,000
      2.65 Acres

      Hoover Industrial Lot - Wichita, KS

      Prime 2.65-acre industrial lot. High-growth area.
      0 Hoover Rd & K-96, Wichita, KS 67205
      View Details
    • $589,896

      Wichita Commercial Land - Prime Location

      73,737 sq ft lot, $8/SF, high visibility.
      32 32Nd St, Wichita, KS 67226
      View Details
    • $1,200,000
      13,696 SF

      Retail Investment Opportunity in Wichita

      Fully occupied retail center with high visibility and ample parking.
      1309 W 31St St S, Wichita, KS 67217
      View Details
    • $925,000
      16,068 SF

      Redevelopment Opportunity in Delano District

      Rare redevelopment opportunity in the Historic Delano District.
      1704 W Douglas Ave, Wichita, KS 67211
      View Details
    • $595,000
      9,600 SF

      Wichita Flex/Industrial Property For Sale

      9,600 SF flex/industrial building near IronHorse Manufacturing Park.
      1010 W 41St St S, Wichita, KS 67217
      View Details
    • Contact for pricing

      Development Land in Delano District

      Highly desirable development land in the Historic Delano District.
      401 S Seneca St, Wichita, KS 67203
      View Details
    • $1,100,000
      66,076 SF

      Development Land Near US-54 Hwy

      Prime commercial land suitable for restaurant, office, or medical use.
      18671 W Kellogg Dr, Goddard, KS 67052
      View Details
    • $498,100

      Land with Interstate Frontage

      Land with visibility, utilities, and potential commercial zoning.
      922 NE/c 101St St N, Park City, KS 67147
      View Details
    • $340,000

      Commercial Land in High Growth Area

      Commercial land with highway access in a high-growth area.
      4070 Hoover Ct, Wichita, KS 67215
      View Details
    • $589,896
      73,737 SF

      Prime Commercial Land For Sale

      Corner lot with high visibility and convenient access.
      32Nd St, Wichita, KS 67204
      View Details
    • $925,000
      7,607 SF

      The Collective at Lulu

      Historic Hyde Park property with architectural charm and modern functionality.
      233-241 S Lulu St, Wichita, KS 67211
      View Details
    • Contact for pricing
      21,081 SF

      Corner Lot Near Old Town

      Rare corner lot with expansion potential near Old Town.
      502 N Washington Ave, Wichita, KS 67211
      View Details
    • $340,000
      130,128 SF

      Prime Land Near Andover Schools

      Commercial land near schools with utilities and road frontage.
      1846 N Andover Rd, Andover, KS 67002
      View Details
    • Contact for pricing
      109,057 SF

      Highway Development Pads Available

      Prime highway development land near Interstate 135.
      1525 E 1St St, Newton, KS 67114
      View Details

    For Lease (11)

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    • $18 SF/Yr
      15,200 SF

      Derby Marketplace Retail Space

      High-visibility retail space in prime Derby location.
      1636 Rock Rd, Derby, KS 67037
      View Details
    • $7 SF/Yr
      43,669 SF

      Wichita Office Space for Lease

      Affordable, flexible office space in Wichita, KS.
      1711 Longfellow Cir, Wichita, KS 67207
      View Details
    • $6 SF/Yr
      9,000 SF

      9,000 SF Wichita Office Space

      9,000 SF office space with convenient access and ample parking.
      1711 S Longfellow St, Wichita, KS 67207
      View Details
    • $2 SF/Yr
      36,918 SF

      Former School with Secured Storage

      36,918 SF brick building on 3.75 acres for rent.
      3601 N St. Francis St, Wichita, KS
      View Details
    • $5 SF/Yr
      10,000 SF

      Wichita Warehouse with Truck Well

      Warehouse space featuring truck well, drive-in door, and office.
      2543 S Sheridan St, Wichita, KS 67213
      View Details
    • $9 SF/Yr
      14,950 SF

      Modern Office and Warehouse Space

      Industrial property with modern office, warehouse, and drive-through configuration.
      9730 E 50Th St N, Wichita, KS 67216
      View Details
    • $19 SF/Yr
      1,876 SF

      Retail Space Near Highway K-96

      Retail space with high visibility near established retailers.
      2684 N Greenwich Ct, Wichita, KS 67210
      View Details
    • $22 SF/Yr
      1,588 SF

      Retail Space Anchored by Walmart

      Retail space with excellent co-tenancy, accessible from US-54.
      11661 E Kellogg St, Wichita, KS 67209
      View Details
    • $7 SF/Yr
      4,500 SF

      Office Warehouse in Delano Neighborhood

      Office warehouse in growing Delano neighborhood, available 9/1/25.
      1440 W Douglas Ave, Wichita, KS 67203
      View Details
    • $2,000 /Mo

      Land Off I-235 Available

      Land with highway access, affordable storage, and flexible uses.
      4124 N Old Lawrence Rd, Wichita, KS 67219
      View Details
    • $16 SF/Yr
      1,250 SF

      Retail Space in High Occupancy Center

      Retail space available in established, high-occupancy Wichita shopping center.
      3570 N Woodlawn Blvd, Wichita, KS 67220
      View Details

    Leases and Sales on Map

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    Carl Hebert, Ccim, 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.

    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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    Carl Hebert, Ccim, Wichita, KS
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