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    53rd And Greenwich Rd Bel Aire, KS 67226
    Property profile & analytics

    53rd And Greenwich Rd, Bel Aire, KS 67226

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    • Land
    • 76.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 53rd And Greenwich Rd

    Lot size
    76.79 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bel Aire
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2064
    Latitude
    37.78

    Comparable in this City

    • Value Estimation by Request
      77.39 Acres

      45Th St

      Land
      0 45Th St, Bel Aire, KS 67226
      View Details
    • Value Estimation by Request

      9642 35Th St

      Land
      9642 35Th St, Wichita, KS 67226
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    • Value Estimation by Request
      2.84 Acres

      Greenwich Rd

      Land
      0 Greenwich Rd, Wichita, KS 67226
      View Details
    • Value Estimation by Request

      32 32Nd St

      Land
      32 32Nd St, Wichita, KS 67226
      View Details
    • Value Estimation by Request

      Greenwich Rd

      Land
      0 Greenwich Rd, Wichita, KS 67226
      View Details
    • Value Estimation by Request
      16.11 Acres

      29th St. N & Greenwich Rd

      Land
      29th St. N & Greenwich Rd, Wichita, KS 67226
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Parcel Near Highway Access

      Land suitable for residential, industrial, or retail development.
      6050 N Greenwich Rd, Wichita, KS 67226
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    • Contact for pricing

      76.79 Acres on Greenwich Road

      76.79 +/- acres of land on Greenwich Road.
      53rd And Greenwich Rd, Wichita, KS 67226
      View Details
    • $600,000
      2.49 Acres

      3631 Comotara St, Wichita, KS 67226

      Industrial properties
      3631 Comotara St, Wichita, KS 67226
      View Details
    • Contact for pricing

      Wichita Warehouse/Office on 12.49 Acres

      200,000 SF warehouse/office space suitable for warehousing, distribution, manufacturing.
      8908 East 34Th St North, Wichita, KS 67226
      View Details
    • Contact for pricing

      Wichita Warehouse/Office on 12.49 Acres

      200,000 SF warehouse/office space suitable for warehousing, distribution, or manufacturing.
      8908 East 34Th St North, Wichita, KS 67226
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Northrock Business Park Space Available

      Space available at Northrock Business Park.
      3450 N Rock Rd, Wichita, KS 67226
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    • Contact for pricing
      4,300 SF

      Office/Warehouse Space in North Greenwich

      4,300 SF office/warehouse space available for lease.
      11021 East 28Th St N, Wichita, KS 67226
      View Details
    • Contact for pricing
      3,600 SF

      New Bel Aire Flex Space

      New construction flex space suitable for warehouse, distribution, or industrial.
      4615 N Cypress Dr, Bel Aire, KS 67226
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    • Contact for pricing

      New Industrial Flex Space Available

      First generation industrial flex/warehouse in Bel Aire, Kansas.
      5160 N Webb Rd, Wichita, KS 67226
      View Details
    • Contact for pricing

      New Construction Industrial Flex Warehouse

      New construction industrial flex warehouse space available for lease.
      5160-5220 N Webb Rd, Bel Aire, KS 67226
      View Details
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    Bel Aire, KS 67226
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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.

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    53rd And Greenwich Rd, Bel Aire, KS, 67226
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