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    Jake Ramstack, Wichita, KS

    License ID: SP00230947
    Insite Real Estate Group Llc
    Association
    Realtors Of South Central Kansas Inc

    Service Locations

    Contact details

    Phone:
    (316) 618-1100
    Office Address:
    11115 Sheriac, Wichita, KS, 67209

    Performance

    Listings
    23

    Listings

    For Sale (14)

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    • Contact for pricing

      Land For Sale

      Land available for sale.
      1525 E 1St St, Newton, KS 67114
      View Details
    • $1,300,000
      20,990 SF

      Downtown Wichita Mixed-Use Opportunity

      Versatile space in a prime, high-visibility downtown location.
      614-622 S Commerce St, Wichita, KS 67202
      View Details
    • $295,000
      2,750 SF

      Move-in Ready Magnolia Office Space

      Magnolia-style office space with ample parking and immediate occupancy.
      1907 S Hydraulic St, Wichita, KS 67211
      View Details
    • $100,000

      Wichita Land Investment Opportunity

      Affordable land near residential and commercial growth, future development potential.
      George Washington Blvd, Wichita, KS 67211
      View Details
    • $205,000
      1,750 SF

      Freestanding Office Building For Rent

      Office building with ample parking in a high-traffic area.
      439 N Estelle Ave, Wichita, KS
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    • $295,000

      Commercial Land Ready for Development

      Land available for commercial development with utilities and highway access.
      SW Cor Of Greenwich & Fawn Grv, Wichita, KS
      View Details
    • $560,000
      140,263 SF

      N Oliver Avenue Land Opportunity

      Commercial land on well-trafficked arterial, ideal for development.
      3332 N Oliver St, Wichita, KS 67220
      View Details
    • $500,000
      7,126 SF

      Flex Building with Retail Frontage

      Flex building with retail frontage and central location for sale.
      430 E Central Ave, Wichita, KS 67214
      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
    • $595,000
      6,930 SF

      Retail Space with Fenced Lot

      Retail space with multiple layout options and adjacent fenced lot.
      1001 E Central Ave, Wichita, KS 67202
      View Details
    • Contact for pricing
      6,930 SF

      Mixed-Use Property for Sale

      Mixed-use property featuring industrial, office, and retail spaces.
      1101 E Central Ave, Wichita, KS 67214
      View Details
    • Contact for pricing
      7,126 SF

      430 E Central Ave, Wichita, KS 67214

      Retail space • 7,126 SF
      430 E Central Ave, Wichita, KS 67214
      View Details
    • $299,000

      Office Unit with Potential

      Office unit for sale with multiple configuration options.
      6631 E Kellogg Dr, Wichita, KS 67207
      View Details
    • $800,000
      4,764 SF

      Renovated Restaurant on Broadway Corridor

      Fully renovated restaurant with parking and drive-thru potential.
      111 E 47Th St S, Wichita, KS 67216
      View Details

    For Lease (9)

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    • $6 SF/Yr
      37,000 SF

      Industrial Space with Large Yard

      Industrial property for rent featuring a large yard.
      222 N Hydraulic Ave, Wichita, KS
      View Details
    • Contact for pricing
      66,336 SF

      Commercial Land with Kellogg Visibility

      Land available for lease with high visibility and easy access.
      6501 E Kellogg St, Wichita, KS 67202
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    • Contact for pricing
      37,712 SF

      Commercial Land For Lease

      Commercial land available for lease with build to suit options.
      502 E Central Ave, Wichita, KS 67203
      View Details
    • $18 SF/Yr
      5,463 SF

      Downtown Office Space with Parking

      Downtown office space with river views and dedicated free parking.
      345 Riverview St, Wichita, KS 67203
      View Details
    • $10 SF/Yr
      1,492 SF

      Northeast Wichita Office Space

      Office space for lease with great visibility and ample parking.
      2434 N Woodlawn Blvd, Wichita, KS 67220
      View Details
    • Contact for pricing
      396 SF

      Restored Historic Delano Office Space

      Office space with original brick work, natural light, and parking.
      1029 W Douglas Ave, Wichita, KS 67203
      View Details
    • Contact for pricing

      Flex Space with Fenced Lot

      Flex space featuring multiple layout options and a fenced lot.
      1001 E Central Ave, Wichita, KS 67214
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 345 Riverview St, Wichita.
      345 Riverview St, Wichita, KS 67203
      View Details
    • Contact for pricing

      Office Space with Configuration Options

      Adaptable office space with potential for various configurations.
      6631 E Kellogg Dr, Wichita, KS 67207
      View Details

    Leases and Sales on Map

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    • For Lease

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    Jake Ramstack, 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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