New Construction
For Sale
$250,000
5613 N Wandering Way, Maize, KS 67101
Residential, Maize, KS
Property Size1,811 SF
Lot Size0.13 Acres
Price / SF$138.05
Days on Market268
Property Features for 5613 N Wandering Way
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Kitchen, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2
Exterior features
Frame w/Less than 50% Mas
Subdivision
Nicks (Long Beach)
Lot features
Standard
Elementary school
Maize USD266
Middle school
Maize
High school
Maize
Elementary school district
Maize School District (USD 266)
Middle school district
Maize School District (USD 266)
High school district
Maize School District (USD 266)
Directions
East of K96 and 53rd St.
Standard status
Active
APN
000000
Size
1,811 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4000
HOA Fee
$1,200 Annually
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Amenities
community pool
playground
basketball court
pickleball court
Building Details
Year built
2025
Floors in Building
2
Roof type
Composition
Architectural style
Ranch
Listing Agency:
J Russell Communities
(316) 648-1199
Listed By:
Colby Jones
(316) 302-6141
Added: Dec 8, 2025
Changed: Aug 19
Last Checked: Sep 2 at 11:06PM
MLS# 665746
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 under-construction duplex unit offers 1,811 square feet across a two-story layout with four bedrooms and three bathrooms. The main level is arranged around an open kitchen and living area, while the upper floor includes a primary bedroom with a private bathroom and walk-in closet. Natural gas forced-air heating and electric central air provide the mechanical systems, with a composition roof and frame exterior construction.
The property sits on a 0.13-acre lot and includes a two-car garage. Community amenities include a pool, playground, basketball court, and pickleball court. Construction is identified for 2025, with natural gas available at the property.
The property sits on a 0.13-acre lot and includes a two-car garage. Community amenities include a pool, playground, basketball court, and pickleball court. Construction is identified for 2025, with natural gas available at the property.
Key Highlights
- 4‑bedroom, 3‑bath duplex unit
- 1,811 square feet on a 0.13‑acre lot
- Under construction with a 2025 build date
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
$15,142
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
6.06%
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%
$302,840
$302.8K
Cap Rate 7%
$216,314
$216.3K
Cap Rate 9%
$168,244
$168.2K
Market Conditions
NOI Build-Up for 1,811 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
$22.8K $12.60/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$21.6K $11.94/SF
− OpEx
−$6.5K −$3.58/SF
NOI
$15.1K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
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%
$302,840
Cap Rate 7%
$216,314
Cap Rate 9%
$168,244
Alternative Uses
Best Use
Multifamily LT 5
$216.3K
$189.3K – $252.4K
NOI $15,142 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$199.5K
$174.6K – $232.8K
NOI $13,967 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$377.5K
$330.3K – $440.4K
NOI $26,422 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 67101, KS
6,015
Population
2,793
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
99%
High-School Grad
15.2 sq mi
ZIP Area
396
Density / Sq Mi
$68,444
Median Household Income
$53,828
Median Earnings
$1,343
Median Rent
$280,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom twin home with a two-car garage, open living areas, and access to shared recreational amenities.
Where is this duplex located?
The property is located at 5613 N Wandering Way Maize, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4‑bedroom, 3‑bath duplex unit; 1,811 square feet on a 0.13‑acre lot; Under construction with a 2025 build date
