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    Property profile & analytics

    4722 Broadway St Wichita, KS 67216

    • Restaurants
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 4722 Broadway St

    Property type
    Restaurants

    Description

    This exceptional turnkey restaurant opportunity is located at 4722 S. Broadway in Wichita, Kansas, within Sedgwick County (zip code 67216). The property is zoned GC and features a single tenancy. The space is fully furnished and ready for immediate occupancy, boasting seating for 153 patrons. Convenient door-side parking is available for customers and employees. High visibility is ensured with the availability of monument signage. This prime location benefits from strong surrounding businesses, including prominent national chains such as Dillons, Applebee's, McDonald's, Braum's, Taco Bell, and Spangles, as well as Ollie's Bargain Outlet. This established commercial corridor provides a high volume of foot and vehicle traffic, creating a significant opportunity for a successful restaurant operation. The property's address is 47th Street and Broadway, offering easy access and high visibility for potential customers. This fully equipped restaurant presents a rare chance to acquire a move-in ready establishment in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3335
    Latitude
    37.6095

    Comparable in this City

    • Value Estimation by Request
      1,735,574 SF

      35 47Th St

      Restaurants • 1,735,574 SF
      35 47Th St, Wichita, KS 67216
      View Details
    • Value Estimation
      $235,000
      0.09 Acres

      Wichita, KS 67216

      BAR, TAVERN • 0.09 Acres
      Wichita, KS 67216
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    • Value Estimation
      $215,000
      756 SF

      4860 Clifton Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 756 SF
      4860 Clifton Ave, Wichita, KS 67216-3066
      View Details
    • Value Estimation
      $245,000
      2,670 SF

      4423 Broadway Ave

      BAR, TAVERN • 2,670 SF
      4423 Broadway Ave, Wichita, KS 67216-1733
      View Details
    • Value Estimation
      $505,000
      4,231 SF

      4810 Broadway Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,231 SF
      4810 Broadway Ave, Wichita, KS 67216-3713
      View Details
    • Value Estimation
      $245,000
      3,100 SF

      4000 Broadway Ave

      BAR, TAVERN • 3,100 SF
      4000 Broadway Ave, Wichita, KS 67216-1721
      View Details

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      Wichita Restaurant Opportunity For Sale

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    Similar Nearby for Lease

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      Southfork Wichita Commercial Property

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      Retail/Office Space For Lease

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      94,670 SF

      Retail/Office Suites Inside Dillons

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    4722 Broadway St
    Wichita, KS 67216
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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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