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    1303 E Kechi Rd Kechi, KS

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    For Lease
    Contact for pricing

    Development land for sale with highway visibility.

    Type:LAND
    Lot size:
    4.96 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 9:58 pm

    Property Features for 1303 E Kechi Rd

    General Information

    Standard status
    Active
    Lot size
    4.96 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Morrie Sheets
    Morrie Sheets

    Listing agent Morrie Sheets

    Listing office Reece Nichols South Central Kansas

    Listing date Nov 24, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Reece Nichols South Central Kansas

    Overview

    4.95 Acre Development Land

    This 4.95-acre development land is available for sale. The property benefits from highway visibility and is zoned C-3 General Commercial District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bloomerang Floral And Gifts (Bike/Boat/Book/etc) Store Outdoor Adventures RV ... Car Dealership 1 More Thing ... Discount Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Kechi
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2657
    Latitude
    37.7968

    Nearby Similar for Lease

    • $12/mo

      Industrial Building Near Highway 254

      3,600 SF industrial building with recent upgrades available for lease.
      6005 - 6007 North Oliver Street, Kechi, KS 67067
      View Details
    • $14/mo

      Planned Retail Space in Kechi

      15,000 SF planned retail space with frontage along Oliver Street.
      NE/s 61st St & N. Oliver, Kechi, KS 67067
      View Details
    • $14/mo

      Planned Retail Space in Kechi

      15,000 SF planned retail space with frontage on Oliver Street.
      NE/s 61st St & N. Oliver, Kechi, KS 67067
      View Details
    • $10/mo

      Kechi Business Park Warehouse Space

      New office/warehouse construction with tax abatement in Kechi, Kansas.
      903 E. Venture Ct., Kechi, KS
      View Details
    • Contact for pricing

      Industrial Space in Bel Aire

      Premier industrial development opportunity with connectivity to Wichita Metro area.
      5584 N Webb Rd, Kechi, KS
      View Details
    • Contact for pricing

      Shell Office/Warehouse For Lease

      First generation shell office/warehouse available for lease.
      902 E Venture Ct, Kechi, KS 67067
      View Details
    • Contact for pricing

      Kechi Office/Warehouse For Lease

      Freestanding office/warehouse in Kechi, KS, near K-254.
      812 E Venture Ct, Kechi, KS 67067
      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      Commercial land available for build-to-suit with highway visibility.
      810 E. Kechi Rd., Kechi, KS 67067
      View Details

    FAQs

    What type of property is this?
    Land - Development land for sale with highway visibility.
    Where is this land located?
    The property is located at 1303 E Kechi Rd Kechi, KS.
    What are key features of this property?
    This property features: 4.95 acre development land; Zoned C‑3 general commercial district; Highway visibility
    (316) 260-5900
    We can help!
    Listing Contact
    Morrie Sheets
    Morrie Sheets
    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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