Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2804 E 9Th Ave Winfield, KS 67156

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,800,000

    46-unit apartment complex in Winfield, Kansas, renovated and newly constructed.

    Property size:
    51,600 SF

    Property Features for 2804 E 9Th Ave

    General Information

    Size
    51,600 SF

    We can help!

    Listing Contact
    Trent Garman
    Source: Naiglobal

    Listing Agent: Trent Garman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Winfield Multifamily Apartment Complex

    Woodland Apartments is a 46-unit multifamily property located in Winfield, Kansas, on the east side along Hwy. 160 (9th Ave.). The property features two and three-bedroom units. The original building was constructed in 1972 and renovated in 2014. A newer building was constructed in 2015. The units are spacious and include high-end finishes, washer & dryer hook-ups, and stainless-steel appliances. Tenants are responsible for gas and electric utilities, while the landlord covers trash and water expenses. The property size is 51,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Woodland Apartments & Storage ... Apartment Complex

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Winfield
    County
    Cowley
    State
    Kansas
    Longitude
    -96.9630771
    Latitude
    37.2453032

    Nearby Similar for Sale

    • $189,900
      6,360 SF

      Unique Mixed-Use Property in Winfield

      Versatile 6,360+ sq ft property with apartment and development potential.
      107 E 7Th Ave, Winfield, KS 67156
      View Details
    • $189,900
      6,360 SF

      Unique Mixed-Use Property in Winfield

      Versatile 6,360+ sq ft property with apartment and development potential.
      107 East 7Th Ave, Winfield, KS 67156
      View Details
    • $155,000
      0.16 Acres

      Main Street Mixed-Use Building

      Spacious building with multiple business opportunities in downtown Winfield.
      701 Main St, Winfield, KS 67156
      View Details
    • New
      $193,500
      Pending

      Historical Building in Downtown Winfield

      Unique historical building with many potential uses in Winfield.
      201 E 9Th Ave, Winfield, KS 67156
      View Details
    • $249,900
      0.08 Acres

      Renovated Commercial Building in Winfield

      Fully renovated commercial building with investment potential in downtown Winfield.
      810 Main St, Winfield, KS 67156
      View Details
    • $249,900
      0.08 Acres

      Renovated Commercial Building with Investment Potential

      Downtown Winfield commercial building with historic charm and modern updates.
      810 Main St, Winfield, KS 67156
      View Details
    • New
      $150,000
      1,920 SF

      Updated Duplex Near Southwestern College

      Well-maintained duplex with updated units, ideal for investors.
      1712 Simpson Ave, Winfield, KS 67156
      View Details
    • $129,000

      Historic Commercial Building in Winfield

      Prime commercial building in Winfield's Central Business District.
      711 Main St, Winfield, KS 67156
      View Details
    • $799,000
      11,908 SF

      Winfield Industrial Property with Highway Access

      Well-maintained industrial building with excellent highway connectivity and local amenities.
      3900 E 12Th Ave, Winfield, KS 67156
      View Details
    • $150,000
      1,975 SF

      Retail Space in Winfield, KS

      Retail or office space in U.B. Round Shopping District.
      1019 Main St, Winfield, KS 67156
      View Details
    • Contact for pricing
      135,800 SF

      Winfield Warehouse and Office Space

      Office/warehouse near Strother Field Airport in Winfield, Kansas.
      7615 Warehouse Ave, Winfield, KS
      View Details
    • $130,000
      7,000 SF

      Winfield Retail Duo: High-Return Investment

      Two 3,500 sq ft retail spaces, both rented, prime downtown location.
      917 Main St, Winfield, KS 67156
      View Details

    FAQs

    What type of property is this?
    Apartment building - 46-unit apartment complex in Winfield, Kansas, renovated and newly constructed.
    Where is this apartment building located?
    The property is located at 2804 E 9Th Ave Winfield, KS.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - 46-Unit Multifamily Property; - High NOI (Proforma): $300,833; - Attractive Cap Rate: 7.92%
    (316) 613-2447
    Request Owner's contact information
    2804 E 9Th Ave Winfield, KS 67156
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2804 E 9Th Ave
    Winfield, KS 67156
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2804 E 9Th Ave Winfield, KS 67156
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Trent Garman
    Real Estate License ID: KS SP00237691
    (316) 613-2447
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.