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    3000 Kellogg Dr Wichita, KS 67213

    For Sale
    $5,000,000

    27-unit renovated apartment building, high ROI.

    Property size:
    18,824 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 18,824-square-foot commercial property, situated on a 2-acre lot at 3000 W Kellogg Dr in Wichita, Kansas, presents a compelling investment opportunity. Recently renovated in November, this former office building has been transformed into 27 upscale apartment units, each boasting high-end finishes including granite countertops, soft-close cabinetry, LVP flooring, and LED ceiling fans. All major systems—electrical, plumbing, HVAC, fire, and sprinkler—are brand new and fully compliant with current building codes. The property is immediately income-generating, requiring no further capital investment. Eight on-site washers and dryers provide supplemental revenue. Its location near Newman University and Friends University ensures strong tenant demand from students and professionals. This turnkey asset offers a low-maintenance operation with significant income potential and a strong cap rate, promising both immediate returns and long-term value growth in a high-demand market. The property's modern amenities and superior design create exceptional tenant appeal, contributing to a robust and stable income stream. This is a rare chance to acquire a high-quality, income-producing asset in a prime Wichita location.

    Property Features for 3000 Kellogg Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    18,824 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.37878
    Latitude
    37.67501

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    FAQs

    What type of property is this?
    Commercial real estate - 27-unit renovated apartment building, high ROI.
    Where is this commercial real estate located?
    The property is located at 3000 Kellogg Dr Wichita, KS.
    What is the asking price?
    The asking price for this property is $5,000,000.
    (316) 993-1351
    Request Owner's contact information
    3000 Kellogg Dr Wichita, KS 67213
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    Wichita, KS 67213
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    Realmo Value Estimation

    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.

    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.

    More about this property
    3000 Kellogg Dr Wichita, KS 67213
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