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    502 Washington St Wichita, KS 67214

    • Land
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 502 Washington St

    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique opportunity in Wichita, Kansas. Situated on a rare corner lot near the vibrant Old Town district, this 21,081 square foot parcel is zoned for Limited Industrial use, providing significant flexibility for development. The site's prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The property's potential is further enhanced by the possibility of expansion. The legal description encompasses two lots: the West half of Lot 1, excluding a 7-foot alley and a 20x20 foot area for a previously existing right-of-way in Pearce & Van Tilburgh's Addition

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3261
    Latitude
    37.6938

    Comparable in this City

    • Value Estimation by Request

      1621 Hillside St

      Land
      1621 Hillside St, Wichita, KS 67214
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      59,639 SF

      17 17Th St

      Multifamily properties • 59,639 SF
      17 17Th St, Wichita, KS 67214
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    • Value Estimation by Request
      0.16 Acres

      Wichita, KS 67214

      COMMERCIAL (GENERAL) • 0.16 Acres
      Wichita, KS 67214
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    • Value Estimation by Request
      0.13 Acres

      Wichita, KS 67214

      COMMERCIAL (GENERAL) • 0.13 Acres
      Wichita, KS 67214
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    • Value Estimation by Request
      0.16 Acres

      Wichita, KS 67214

      COMMERCIAL (GENERAL) • 0.16 Acres
      Wichita, KS 67214
      View Details
    • Value Estimation by Request
      0.21 Acres

      Wichita, KS 67214

      COMMERCIAL (GENERAL) • 0.21 Acres
      Wichita, KS 67214
      View Details

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      Wichita Land: WSU Redevelopment

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      Wichita Corner Lot - Industrial Zoning

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      Medical Office Space Available

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    502 Washington St
    Wichita, KS 67214
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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
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