Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    13201 21 Ct Wichita, KS 67235

    • Land
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13201 21 Ct

    Property type
    Land

    Description

    This exceptional 17,259 square foot commercial land parcel in Wichita, Kansas, presents a remarkable opportunity for development. Located at 13201 W 21st Ct N, in Sedgwick County, this shovel-ready site boasts all necessary site development, including utilities and ample parking. The corner lot offers a flexible floor plan accommodating 6,000-8,000 square feet of construction, making it ideal for various uses, including financial, medical, or general office spaces. Benefit from a premier Northwest Wichita location surrounded by solid medical and professional neighbors. Enjoy a natural setting with extensive landscaping and scenic views, along with abundant drive-up parking for convenient access. This property is ready for immediate construction, offering a unique blend of convenience, location, and aesthetic appeal. The asking price is $300,000. Don't miss this chance to secure a prime location for your next project.

    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
    -97.4947
    Latitude
    37.7222

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      Wichita, KS 67235

      Land • 1.10 Acres
      Wichita, KS 67235
      View Details
    • Value Estimation by Request

      Wichita, KS 67235

      Land
      Wichita, KS 67235
      View Details
    • Value Estimation by Request
      5.13 Acres

      12998 Kellogg Dr

      Land • 5.13 Acres
      12998 Kellogg Dr, Wichita, KS 67235
      View Details
    • Value Estimation by Request
      3.45 Acres

      Kellogg Dr

      Land • 3.45 Acres
      0 Kellogg Dr, Wichita, KS 67235
      View Details
    • Value Estimation by Request
      2.21 Acres

      21 21St St

      Land • 2.21 Acres
      21 21St St, Wichita, KS 67235
      View Details
    • Value Estimation by Request
      5.22 Acres

      1399 135Th St

      Farms • 5.22 Acres
      1399 135Th St, Wichita, KS 67235
      View Details

    Similar Nearby for Sale

    • $500,000
      2.21 Acres

      Wichita Commercial Land - $500K

      2.21 Acres, Neighborhood Office Zoning, High Traffic
      21 21St St, Wichita, KS 67235
      View Details
    • Contact for pricing
      1.10 Acres

      Wichita Commercial Land - 1.1 Acres

      Prime Wichita commercial land, ideal for development.
      Wichita, KS 67235
      View Details
    • Contact for pricing
      3.45 Acres

      Wichita Commercial Land - Highway 54

      3.45 Acres, High-Traffic Location
      0 Kellogg Dr, Wichita, KS 67235
      View Details
    • Contact for pricing

      Wichita Commercial Land - Ground Lease

      Grocery-anchored pad site; build-to-suit option.
      13353 Maple St, Wichita, KS 67235
      View Details
    • $300,000

      Eberly Park Office Land - Wichita, KS

      Prime Wichita commercial land, ready to build.
      13201 21 Ct, Wichita, KS 67235
      View Details
    • $1,923,610
      20.09 Acres

      Prime Wichita Residential Land

      20-acre lot, single-family zoning.
      2009 Shelly Rd, Unincorporated, KS 67235
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wichita Commercial Land - 1.1 Acres

      Prime Wichita commercial lot, ideal for development.
      Wichita, KS 67235
      View Details
    • Contact for pricing
      22,444 SF

      Auburn Hills Pad Site Opportunity

      Grocery-anchored land, build-to-suit available.
      13353 Maple St, Wichita, KS 67235
      View Details
    • $20 SF/Yr
      1,800 SF

      West Wichita Office: 1800 sq ft

      Prime West Wichita office space; single tenant, high-end finishes.
      417 119Th St, Wichita, KS 67235
      View Details
    • $20 SF/Yr
      1,800 SF

      West Wichita Office Space Available

      High-end office space with lake views and dedicated entrance.
      415 S 119Th St W, Wichita, KS 67235
      View Details
    • $22 SF/Yr
      32,540 SF

      Wichita Medical Office Building

      Class A Medical Office Space, 4,798 SF Available
      13213 21St St, Wichita, KS 67235
      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.
    13201 21 Ct
    Wichita, KS 67235
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.