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    1115 W Douglas Wichita, KS 67213

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    SINGLE_FAMILY - Wichita, KS

    Type:Retail
    Property size:
    1,557 SF
    Lot size:
    0.14 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 26 at 12:06 pm

    Property Features for 1115 W Douglas

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Limited Comm
    Parking features
    On Street
    Standard status
    Active
    APN
    124-19-0-44-01-003.00A
    Size
    1,557 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 15 DOUGLAS AVE. MARTINSON'S 3RD. ADD.
    Tax Annual Amount
    2894

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Braden McCurdy

    Listing agent Braden McCurdy

    Listing office McCurdy Real Estate & Auction, LLC 12041 E 13th St N, wichita, KS

    Listing date Apr 10, 2026

    MLS# 671843

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Storefront in Delano District

    Located in the Delano District, this 1,557 square-foot storefront building offers visibility and accessibility for various commercial uses. Situated minutes from downtown Wichita, the property is in an active and growing district. The location on Douglas Avenue benefits from strong city arterial exposure and an approximate daily traffic count of 27,000 at the corner of Seneca and Douglas. The property is zoned Limited Commercial & Central Business District (CBD). Surrounding businesses include Pennant Coffee, Wichita Brewing Co. & Pizzeria, and The Monarch. The building features wood laminate interior, one bathroom, all brick and stucco construction, 11-13 ft. side wall height, and a flat roof. It also has three-phase electrical. The property is suitable for retail, office, or service-based businesses.
    Location Intelligence

    Current Use by Public Records

    HIGH HOPES ICT ... (Bike/Boat/Book/etc) Store Hell Bomb Tattoo Tattoo & Piercing Shop

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Same Day Wichita Flower Delivery — 612 N West St, Wichita, KS 67203, United States

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.353866
    Latitude
    37.683699

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    FAQs

    What type of property is this?
    Storefront property - High-visibility storefront in a rapidly growing commercial corridor.
    Where is this storefront property located?
    The property is located at 1115 W Douglas Wichita, KS.
    What are key features of this property?
    This property features: Prime location in the rapidly growing Delano District with strong city arterial exposure on Douglas Ave.; High visibility storefront with an approximate daily traffic count of 27,000.; Versatile 1,557+\/- square foot space suitable for retail, office, or service‑based businesses.
    (316) 683-0612
    We can help!
    Listing Contact
    Braden McCurdy
    Learn More
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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.

    More about this property
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