New Construction
For Sale
$459,800
12902 W Thorton St Unit 100, Wichita, KS 67235
Residential Income, Wichita, KS
Property Size2,822 SF
Lot Size0.28 Acres
Price / SF$162.93
Days on Market8
Property Features for 12902 W Thorton St Unit 100
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
Bridger at Central Addition - Crescent Creek
Elementary school
Explorer
Middle school
Eisenhower
High school
Dwight D. Eisenhower
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
West on Central from 119th to "Crescent Creek", before 135th. North on Rainbow Lake St.
Standard status
Active
APN
30028061
Size
2,822 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLOCK E BRIDGER AT CENTRAL ADDITION
HOA Fee
$3,000 Annually
Legal Description
LOT 1 BLOCK E BRIDGER AT CENTRAL ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Amenities
vaulted ceilings
electric fireplace
eating bar
quartz countertops
stainless steel appliances
pantry
dining area
walk-in closet
double vanities
walk-in shower
covered patio
fenced yard
sprinkler system
Building Details
Year built
2026
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Premier · RE/MAX International
(316) 773-2707
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Added: Aug 16
Changed: Aug 19
Last Checked: Aug 23 at 5:06AM
MLS# 677651
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.
Investment Insights
Based on property information with market context.
Under construction for 2026 completion, this duplex contains 2,822 square feet with more than 1,400 square feet per side. Each side offers three bedrooms, two bathrooms, a two-car garage, a vaulted living room, and an electric fireplace. The kitchen layout includes quartz work surfaces, stainless steel appliances, a pantry, an eating bar, and a connected dining area. Primary suites feature walk-in closets, dual vanities, and walk-in showers.
Outdoor features include a 10-by-12 covered patio, fenced yards, and sprinkler systems. The property is located at 12902 W Thorton St Unit 100 in Wichita’s Crescent Creek community, just east of 135th Street off Central. Public water and natural gas availability serve the property, with forced-air natural gas heating and electric cooling.
Outdoor features include a 10-by-12 covered patio, fenced yards, and sprinkler systems. The property is located at 12902 W Thorton St Unit 100 in Wichita’s Crescent Creek community, just east of 135th Street off Central. Public water and natural gas availability serve the property, with forced-air natural gas heating and electric cooling.
Key Highlights
- Duplex totaling 2,822 square feet, with more than 1,400 square feet per side
- Each unit includes 3 bedrooms, 2 baths, and a 2‑car garage
- Under construction with a 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,440
$465.4K
Cap Rate 7%
$332,457
$332.5K
Cap Rate 9%
$258,578
$258.6K
Market Conditions
NOI Build-Up for 2,822 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.6K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$33.2K $11.78/SF
− OpEx
−$10.0K −$3.53/SF
NOI
$23.3K $8.25/SF
Area
Wichita, KS
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,440
Cap Rate 7%
$332,457
Cap Rate 9%
$258,578
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$290.9K – $387.9K
NOI $23,272 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$309.3K
$270.6K – $360.8K
NOI $21,649 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$698.7K
$611.4K – $815.2K
NOI $48,912 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 67235, KS
14,824
Population
5,311
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
98%
High-School Grad
10.8 sq mi
ZIP Area
1,373
Density / Sq Mi
$112,500
Median Household Income
$51,333
Median Earnings
$1,541
Median Rent
$298,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with modern finishes, private outdoor space, and attached garages in Crescent Creek.
Where is this duplex located?
The property is located at 12902 W Thorton St Unit 100 Wichita, KS.
What is the asking price?
The asking price for this property is $459,800.
What are key features of this property?
This property features: Duplex totaling 2,822 square feet, with more than 1,400 square feet per side; Each unit includes 3 bedrooms, 2 baths, and a 2‑car garage; Under construction with a 2026 year built
