Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2725-2727 Greenleaf Cir Wichita, KS 67210

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2725-2727 Greenleaf Cir Wichita, KS 67210

    View on Map
    • Apartment buildings
    • 2,414 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2725-2727 Greenleaf Cir

    Year built
    2024
    Property size
    2,414 SF
    Property type
    Apartment buildings

    Description

    Exceptional investment opportunity in Wichita, Kansas! This newly constructed duplex, anticipated completion December 31, 2024, presents two identical units, each boasting 3 bedrooms, 2 bathrooms, and a 2-car garage. Each unit offers 1,207 square feet of finished living space. The property features a total of 2,414 square feet and is situated in the desirable Towne Parc community, offering convenient access to Wichita's vibrant dining and entertainment scene. The asking price is $369,000, translating to $153 per square foot. The property includes 8 parking spaces. This multifamily property is suitable for both corporate and individual ownership. Annual taxes are $17. Tenants are responsible for electricity, gas, and water/sewer. The property's APN is 30022592 and is located at 2725-2727 Greenleaf Cir, Wichita, KS 67210. This is a turnkey opportunity for immediate income generation upon completion. Don't miss this chance to acquire a high-quality, well-located duplex in a thriving market.

    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
    -97.2303
    Latitude
    37.6438

    Comparable in this City

    • Value Estimation by Request
      2,822 SF

      2707-2709 Greenleaf Cir

      Multifamily properties • 2,822 SF
      2707-2709 Greenleaf Cir, Wichita, KS 67210
      View Details
    • Value Estimation by Request
      2,414 SF

      2713-2715 Greenleaf Cir

      Multifamily properties • 2,414 SF
      2713-2715 Greenleaf Cir, Wichita, KS 67210
      View Details
    • Value Estimation by Request
      2,442 SF

      2719-2721 Greenleaf Cir

      Multifamily properties • 2,442 SF
      2719-2721 Greenleaf Cir, Wichita, KS 67210
      View Details
    • Value Estimation by Request
      0.41 Acres

      Wichita, KS 67210

      GARDEN APT, COURT APT (5+ UNITS) • 0.41 Acres
      Wichita, KS 67210
      View Details
    • Value Estimation by Request
      3,360 SF

      3141 George Washington Blvd, Unit 101

      GARDEN APT, COURT APT (5+ UNITS) • 3,360 SF
      3141 George Washington Blvd, Wichita, KS 67210-1552
      View Details
    • Value Estimation by Request
      1,953 SF

      2550 Oliver St, Unit 101

      GARDEN APT, COURT APT (5+ UNITS) • 1,953 SF
      2550 Oliver St, Wichita, KS 67210-1222
      View Details

    Similar Nearby for Sale

    • $170,000
      2,024 SF

      Wichita Duplex Investment Opportunity

      Turn-key duplex in Wichita with tenants in place.
      2673 S Holyoke St, Wichita, KS 67210
      View Details
    • $115,000
      Pending

      Wichita Triplex: Income Opportunity

      Three income-producing units, generating $1,500 monthly. Month-to-month leases.
      2937 S Rutan St, Wichita, KS 67210
      View Details
    • $60,000
      1,344 SF

      Wichita Duplex with Income Potential

      Duplex with one leased unit and renovation opportunity.
      3933 E Ross Pkwy, Wichita, KS 67210
      View Details
    • $2,950,000
      118,051 SF

      Redevelopment Opportunity Near McConnell AFB

      Large building near highways, interstates, and McConnell Air Force Base.
      3550 E Ross Pkwy, Wichita, KS 67210
      View Details
    • $399,000
      1,780 SF

      2528 Oliver Ave, Wichita, KS 67210

      Commercial real estate • 1,780 SF
      2528 Oliver Ave, Wichita, KS 67210
      View Details
    • Contact for pricing

      Retail Development Land Available

      Land available for retail development with frontage on 47th St.
      47th W 47Th St S, Wichita, KS 67210
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      7,600 SF

      Retail Space on Greenwich Road

      Prime retail space for lease in growing Greenwich Road corridor.
      2532-2556 N Greenwich Rd, Wichita, KS 67210
      View Details
    • Contact for pricing
      100,830 SF

      Spacious Office Building For Lease

      First-class office space suitable for headquarters, institutional, or medical use.
      4501 E 47Th St S, Wichita, KS 67210
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Greenwich Place

      Retail space available in a large Wichita shopping center.
      2774 N Greenwich Ct, Wichita, KS 67210
      View Details
    • $6 SF/Yr

      Industrial Warehouse Space Available

      Industrial warehouse space for lease with dock and drive-in access.
      2404 S George Washington Blvd, Wichita, KS 67210
      View Details
    • $19 SF/Yr
      1,876 SF

      Retail Space Near Highway K-96

      Retail space with high visibility near established retailers.
      2684 N Greenwich Ct, Wichita, KS 67210
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Greenwich Place

      Retail space available within a large retail and entertainment destination.
      2684-2762 N Greenwich Ct, Wichita, KS 67210
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2725-2727 Greenleaf Cir
    Wichita, KS 67210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!