Ranch Duplex Under
New
For Sale
$189,900
11994 W Wildwood ST #100, Wichita, KS 67215
Residential, Wichita, KS
Property Size1,150 SF
Lot Size0.30 Acres
Price / SF$165.13
Days on Market6
Property Features for 11994 W Wildwood ST #100
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Kitchen, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Window Coverings-All
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
Bridger Pawnee Addition - Pawnee Crossing
Lot features
Standard
Elementary school
Earhart
Middle school
Goddard
High school
Robert Goddard
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
119th & Pawnee go south on east side of 119th
Standard status
Active
APN
12345
Size
1,150 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLOCK C BRIDGER PAWNEE ADDITION
HOA Fee
$1,020 Annually
Legal Description
LOT 1 BLOCK C BRIDGER PAWNEE ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Amenities
fully landscaped fenced yard
shared irrigation well
Building Details
Year built
2026
Floors in Building
1
Roof type
Composition
Architectural style
Ranch
Listing Agency:
ERA Great American Realty · ERA Real Estate
(316) 686-4111
Listed By:
Reuben Loyd · License #SP00222634
(316) 806-1241
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 8 at 8:06AM
MLS# 678547
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.
This ranch-style duplex is under construction on a 0.3-acre lot, with 1,150 square feet of property size and a planned 2026 completion. Each side includes three bedrooms, two bathrooms, an attached two-car garage, and zero-step entry. Interior details include an open living and kitchen arrangement, electric fireplace, luxury vinyl tile flooring, vaulted ceilings, walk-in pantry, island, and granite or quartz countertops. Stainless steel appliances, a separate laundry room, and a primary suite with a walk-in shower and walk-in closet add practical functionality.
Outdoor improvements include landscaped and fenced yards, a sprinkler system, guttering, patio space, and access to a shared irrigation well. The property is located in Wichita, Kansas, within the Goddard School District. Natural gas is available, with forced-air heating and central electric cooling.
Outdoor improvements include landscaped and fenced yards, a sprinkler system, guttering, patio space, and access to a shared irrigation well. The property is located in Wichita, Kansas, within the Goddard School District. Natural gas is available, with forced-air heating and central electric cooling.
Key Highlights
- Duplex under construction with 2026 year built
- Each side includes 3 bedrooms, 2 bathrooms, and an attached 2‑car garage
- 1,150 square feet on a 0.3‑acre lot
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
$9,484
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
4.99%
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%
$189,680
$189.7K
Cap Rate 7%
$135,486
$135.5K
Cap Rate 9%
$105,378
$105.4K
Market Conditions
NOI Build-Up for 1,150 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
$14.5K $12.60/SF
− Vacancy
−$942 −$0.82/SF
EGI
$13.5K $11.78/SF
− OpEx
−$4.1K −$3.53/SF
NOI
$9.5K $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%
$189,680
Cap Rate 7%
$135,486
Cap Rate 9%
$105,378
Alternative Uses
Best Use
Multifamily LT 5
$135.5K
$118.6K – $158.1K
NOI $9,484 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$126.0K
$110.3K – $147.0K
NOI $8,822 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$284.7K
$249.2K – $332.2K
NOI $19,932 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 67215, KS
6,451
Population
2,266
Households
2.8
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
375
Density / Sq Mi
$110,329
Median Household Income
$48,691
Median Earnings
$1,336
Median Rent
$222,500
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 zero-entry residences offer three bedrooms, attached garages, landscaped yards, and open-concept living areas.
Where is this duplex located?
The property is located at 11994 W Wildwood ST #100 Wichita, KS.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Duplex under construction with 2026 year built; Each side includes 3 bedrooms, 2 bathrooms, and an attached 2‑car garage; 1,150 square feet on a 0.3‑acre lot
