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    6801 Kellogg Dr Wichita, KS 67207

    For Sale
    Contact for pricing

    Fully Leased Retail Center, High NOI

    Property size:
    25,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 25,400 square foot retail center, situated on a 1.45-acre lot in Wichita, Kansas, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $112,000, this Class B property offers a 9.00% cap rate. The single-story building, constructed in 1973, features a multi-tenant configuration with a gross lease structure and a remaining lease term of 3 years. The property is zoned LC and benefits from excellent visibility and accessibility due to its prime location on East Kellogg Drive (US-54), with prominent pole signage. Ample parking is provided with 100 spaces. The 2022 property taxes totaled $23,363.76. This thriving retail center is surrounded by established businesses including Towne East Mall, Rusty Eck, Longhorn Steakhouse, Bubba's 33, Scholfield Honda, Advance Audio, and Prime Time Barber Shop, ensuring a strong tenant base and consistent cash flow. Financial details are available upon request. This is a rare opportunity to acquire a fully leased, high-performing retail asset in a desirable Wichita location.

    Property Features for 6801 Kellogg Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    25,400 SF
    Class
    B
    Lot Size
    63,162 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    HighLights

    • 25,400 SF retail center on a 1.45‑acre lot in Wichita, KS.
    • 100% occupancy with a $112,000 NOI and 9% cap rate.
    • Class B, single‑story building built in 1973, multi‑tenant, gross lease structure, 3‑year remaining lease term.
    • LC zoning, excellent visibility and accessibility on East Kellogg Drive (US‑54), 100 parking spaces.
    • 2022 property taxes: $23,363.76.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Kellogg flea ... Market

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.256823930385
    Latitude
    37.679108683073

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    FAQs

    What type of property is this?
    Lifestyle center - Fully Leased Retail Center, High NOI
    Where is this lifestyle center located?
    The property is located at 6801 Kellogg Dr Wichita, KS.
    What are key features of this property?
    This property features: 25,400 SF retail center on a 1.45-acre lot in Wichita, KS.; 100% occupancy with a $112,000 NOI and 9% cap rate.; Class B, single-story building built in 1973, multi-tenant, gross lease structure, 3-year remaining lease term.
    Request Owner's contact information
    6801 Kellogg Dr Wichita, KS 67207
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    Wichita, KS 67207
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    Realmo Value Estimation

    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.

    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.

    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
    6801 Kellogg Dr Wichita, KS 67207
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