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    27 & Greenwich Rd Bel Aire, KS 67226

    • Retail properties
    • 2.85 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 27 & Greenwich Rd

    Lot size
    2.85 lot acres
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    Three commercial lots are available for sale in Northeast Wichita's rapidly expanding North Greenwich corridor, offering a flexible development opportunity. These lots are ideally situated just north of the Greenwich Place Shopping Center and the Wichita Sports Forum, providing excellent visibility and accessibility. The area boasts a thriving mix of retail establishments, restaurants, apartments, and residential subdivisions, creating a strong foundation for future development. Lot sizes range from 2.85 acres to 3.17 acres, providing ample space for a variety of commercial projects. The permitted zoning is Limited Commercial, allowing for diverse development options. This location offers exceptional access to K-96, a major thoroughfare providing convenient access to the rest of Wichita and beyond. The high traffic volume and strategic location make these lots an attractive investment opportunity for developers seeking to capitalize on the growth in this dynamic area of Sedgwick County, Kansas. The lots are situated at the intersection of 27th and Greenwich Road, Wichita, KS 67226. Contact for pricing.

    Value Estimations

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bel Aire
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.202
    Latitude
    37.7341

    Comparable in this City

    • Value Estimation by Request

      2976 Greenwich Rd

      Restaurants
      2976 Greenwich Rd, Wichita, KS 67226
      View Details
    • Value Estimation by Request
      10,000 SF

      2556 Greenwich Rd

      Neighborhood centers • 10,000 SF
      2556 Greenwich Rd, Wichita, KS 67226
      View Details
    • Value Estimation by Request
      80,813 SF

      8111 32Nd St

      Office Properties & Spaces • 80,813 SF
      8111 32Nd St, Wichita, KS 67226
      View Details
    • Value Estimation by Request
      76.79 Acres

      53rd And Greenwich Rd

      Land • 76.79 Acres
      53rd And Greenwich Rd, Bel Aire, KS 67226
      View Details
    • Value Estimation by Request

      9642 35Th St

      Land
      9642 35Th St, Wichita, KS 67226
      View Details
    • Value Estimation by Request
      131.00 Acres

      Nec Greenwich Rd & K-254

      Land • 131.00 Acres
      0 Nec Greenwich Rd & K-254, Wichita, KS 67226
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.85 Acres

      K-96 & Greenwich Commercial Lots

      Prime Wichita land, flexible development.
      0 27 & Greenwich Rd, Bel Aire, KS 67226
      View Details
    • Contact for pricing
      14,524 SF

      Wichita Shopping Center Investment

      Class A retail/office center; high-growth area.
      8440 29Th St, Wichita, KS 67226
      View Details
    • $1,009,200

      Wichita Commercial Land - 2+ Acres

      Prime Northeast Wichita location; build-to-suit options available.
      9642 35Th St, Wichita, KS 67226
      View Details
    • $589,896

      Wichita Commercial Land - Prime Location

      73,737 sq ft lot, $8/SF, high visibility.
      32 32Nd St, Wichita, KS 67226
      View Details
    • $175,000

      Wichita Commercial Land - $175K

      Prime NE Wichita Office Land, Build-to-Suit Ready
      8100 22Nd St, Wichita, KS 67226
      View Details
    • Contact for pricing
      2.84 Acres

      Wichita Industrial Land - 2.84 Acres

      Prime Wichita commercial lot, ideal for industrial development.
      0 Greenwich Rd, Wichita, KS 67226
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      31,800 SF

      Wichita Class A Office Space

      Multi-tenant medical/executive suites, prime location.
      9758 21St St, Wichita, KS 67226
      View Details
    • $14 SF/Yr
      14,524 SF

      East 29th Retail Center Space

      Wichita, KS retail & office suites.
      8440 29Th St, Wichita, KS 67226
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    • Contact for pricing
      122,629 SF

      Wichita Retail Pad Sites Available

      Build-to-suit retail pads in prime Wichita location.
      7718 37Th St, Wichita, KS 67226
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    • $24 SF/Yr
      5,140 SF

      Rock Road Restaurant Opportunity

      Wichita freestanding restaurant, 5,140 sq ft.
      3505 Rock Rd, Wichita, KS 67226
      View Details
    • $12 SF/Yr
      90,000 SF

      Wichita Big-Box Retail Warehouse

      90,000 SF Warehouse, Ample Parking
      3535 Rock Rd, Wichita, KS 67226
      View Details
    • $21 SF/Yr
      49,297 SF

      Wichita Office Building For Sale

      Class A Office, Abundant Parking, Excellent Location
      8110 32Nd St, Wichita, KS 67226
      View Details
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    27 & Greenwich Rd
    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.

    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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