New Construction Duplex with
For Sale
$499,800
761 N Wheatland St Suite 100, Wichita, KS 67235
Two-unit residential property with contemporary finishes, private outdoor space, and access to planned community amenities.
Property Size2,912 SF
Price / SF$171.63
Days on Market10
Property Features for 761 N Wheatland St Suite 100
General Information
Standard status
Active
Size
2,912 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
RE/MAX Premier
(316) 641-9442
Listed By:
Karen Hampton · License #00052101
Source:
Highpointks
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 8:25PM
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 RE/MAX Premier
Investment Insights
Based on property information with market context.
This 2026-built duplex contains two residences totaling 2,912 square feet. Each unit offers three bedrooms, two bathrooms, a two-car garage, a vaulted living room with a decorative beam, and LVT flooring. Kitchens include white quartz countertops, stainless steel appliances, a pantry, and a substantial eating bar. Primary suites feature walk-in closets and bathrooms with double vanities and quartz counters.
Both residences include fully fenced, landscaped yards and rear patios. The property is located at 761 N Wheatland St Suite 100 in Wichita, Kansas, within the Crescent Creek community, east of 135th Street near Central. Planned community amenities include a clubhouse with basement, pool, stocked lake, and walking paths. The HOA is also described as handling mowing, trash, irrigation, and community amenities.
Both residences include fully fenced, landscaped yards and rear patios. The property is located at 761 N Wheatland St Suite 100 in Wichita, Kansas, within the Crescent Creek community, east of 135th Street near Central. Planned community amenities include a clubhouse with basement, pool, stocked lake, and walking paths. The HOA is also described as handling mowing, trash, irrigation, and community amenities.
Key Highlights
- 2026‑built duplex with 2,912 SF total
- Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage
- White quartz kitchen counters with stainless steel appliances and pantry
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
$24,014
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
4.80%
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%
$480,280
$480.3K
Cap Rate 7%
$343,057
$343.1K
Cap Rate 9%
$266,822
$266.8K
Market Conditions
NOI Build-Up for 2,912 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
$36.7K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.3K $11.78/SF
− OpEx
−$10.3K −$3.53/SF
NOI
$24.0K $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%
$480,280
Cap Rate 7%
$343,057
Cap Rate 9%
$266,822
Alternative Uses
Best Use
Multifamily LT 5
$343.1K
$300.2K – $400.2K
NOI $24,014 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$319.1K
$279.2K – $372.3K
NOI $22,339 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$721.0K
$630.9K – $841.2K
NOI $50,471 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 67235, KS
14,824
Population
5,311
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
98%
High-School Grad
10.8 sq mi
ZIP Area
1,373
Density / Sq Mi
$112,500
Median Household Income
$51,333
Median Earnings
$1,541
Median Rent
$298,100
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-unit residential property with contemporary finishes, private outdoor space, and access to planned community amenities.
Where is this duplex located?
The property is located at 761 N Wheatland St Suite 100 Wichita, KS.
What is the asking price?
The asking price for this property is $499,800.
What are key features of this property?
This property features: 2026‑built duplex with 2,912 SF total; Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage; White quartz kitchen counters with stainless steel appliances and pantry
