Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45 45Th St Wichita, KS 67220

    Property Lookup

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

    45 45Th St Wichita, KS 67220

    View on Map
    • Land
    • 58.23 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 45 45Th St

    Lot size
    58.23 lot acres
    Property type
    Land

    Description

    This exceptional 58.23-acre commercial land parcel presents a unique investment opportunity in Wichita, Kansas. Located at the intersection of 45th and Hillside, this property boasts significant highway frontage along K-254, providing unparalleled visibility and accessibility. The permitted zoning is Light Commercial/SF-5, offering flexibility for a variety of development projects. Situated in Sedgwick County, with a 67220 zip code, this location benefits from excellent access to major transportation routes and a thriving local economy. The expansive lot size allows for substantial development potential, catering to businesses seeking high-profile locations with ample space. The strategic location near the K-254 interchange ensures convenient access for employees and customers alike. This property is ready for immediate development, offering a rare chance to capitalize on a prime commercial location in a growing market. The coordinates are 37.7667475 latitude and -97.2825758 longitude. Serious inquiries are encouraged to explore the possibilities of this exceptional land offering.

    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
    -97.2826
    Latitude
    37.7667

    Comparable in this City

    • Value Estimation by Request
      9.52 Acres

      29 29Th St

      Multifamily properties • 9.52 Acres
      29 29Th St, Wichita, KS 67220
      View Details
    • Value Estimation by Request
      33.00 Acres

      3100 Hillside St

      Land • 33.00 Acres
      3100 Hillside St, Wichita, KS 67220
      View Details
    • Value Estimation by Request
      11.20 Acres

      37 37Th St

      Land • 11.20 Acres
      37 37Th St, Wichita, KS 67220
      View Details
    • Value Estimation by Request
      225.85 Acres

      45 45Th St

      Land • 225.85 Acres
      45 45Th St, Bel Aire, KS 67220
      View Details
    • Value Estimation by Request
      2.76 Acres

      29th St

      Land • 2.76 Acres
      29th St, Wichita, KS 67220
      View Details
    • Value Estimation by Request
      139.51 Acres

      53 53Rd St

      Land • 139.51 Acres
      53 53Rd St, Kechi, KS 67220
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway Frontage Land For Sale

      Commercial land with great highway frontage and exposure.
      45 45Th St, Wichita, KS 67220
      View Details
    • $100,000

      Commercial Land in Bel Aire

      0.87 acres of commercial land with development opportunities.
      3807 North Harding Ave, Bel Aire, KS 67220
      View Details
    • $560,000
      140,263 SF

      N Oliver Avenue Land Opportunity

      Commercial land on well-trafficked arterial, ideal for development.
      3332 N Oliver St, Wichita, KS 67220
      View Details
    • $2,800,000

      Development Site at 29th & Woodlawn

      18.4 acre development site ideal for multiple uses.
      29 29Th St, Wichita, KS 67220
      View Details
    • Contact for pricing

      100-Acre Mixed-Use Development Opportunity

      100-acre mixed-use development site with highway visibility and access.
      3642 N Oliver St, Wichita, KS 67220
      View Details
    • Contact for pricing

      Commercial Land for Sale

      Commercial land with multi-family zoning and flood plain issues.
      29 29Th St, Wichita, KS 67220
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,492 SF

      Northeast Wichita Office Space

      Office space for lease with great visibility and ample parking.
      2434 N Woodlawn Blvd, Wichita, KS 67220
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Available for Rent

      Retail space available for lease in Wichita, Kansas.
      6254 E 37Th St N, Wichita, KS 67220
      View Details
    • Contact for pricing

      Wichita Office Space For Rent

      Office space near Wichita State University with long-term tenants.
      2434 N Woodlawn Blvd, Wichita, KS 67220
      View Details
    • Contact for pricing

      Retail Space in High-Occupancy Center

      Retail space in established center near K96 with high density.
      3570 N Woodlawn Blvd, Wichita, KS 67220
      View Details
    • $16 SF/Yr
      1,250 SF

      Retail Space in High Occupancy Center

      Retail space available in established, high-occupancy Wichita shopping center.
      3570 N Woodlawn Blvd, Wichita, KS 67220
      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.
    45 45Th St
    Wichita, KS 67220
    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!