Back to Search
Property profile & analytics
FOR SALE
Investment properties
1001 W Douglas Ave Wichita, KS 67213
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0440208
For Sale
1 / 36
$1,610,000
1001 W Douglas Ave, Wichita, KS 67213
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
17,478 SF
Lot
0.14 ac (6,098 SF)
APN
087-125-21-0-42-03-005.00
UPID
US33-0440208
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Adriana Halloran -Wichita Agent | Real Broker, LLC Real Estate Agency
-
Bobbie Lane Real Estate Group Real Estate Agency
-
Alzavino Wine Tavern Bar & Pub
-
Madi Hirschler Realtor Real Estate Agency
-
Daniela Aguilera, Real Broker LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.61M
Owner & transaction history
1001 W Douglas Investment LLC · 4 yrs held
1001 W Douglas Investment LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+105.3%
Retail stores
$1.8M
+70.4%
Office building
$1.7M
+57.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,045,000
Current use
RESTAURANT
$2,150,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$1,785,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$1,650,000
Change: +58% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,490,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,335,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,210,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,982
Tax year 2023
Assessed value
$246,986
Assessed 2024
Previous assessed
$106,878
+131.1% YoY
Effective rate
9.71%
On assessed value
Assessed land
$8,788
Assessed improvement
$238,198
Land market value
$54,700
Improvement market value
$1,418,000
Total market value
$1,472,700
Applied tax rate
6,702.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1920
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
3
Units
20
Bathrooms
2
Total area
17,478 SF
Lot
0.14 ac (6,098 SF)
APN
087-125-21-0-42-03-005.00
UPID
US33-0440208
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
20
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
1001 W Douglas Investment LLC
Entity
Mailing address
3951 S ELLIS ST, WICHITA, KS 67216-4219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
—
1001 W Douglas Investment LLC
—
Deed
related
$210,152 · The Bennington State Bank
Mar 12, 2018
—
1001 W Douglas Investment LLC
—
Deed
related
$241,274 · Home Bank And Trust Co
Sep 5, 2017
—
1001 W Douglas In Vestment LLC
—
Deed
related
$180,000 · Home Bank And Trust Co
Apr 11, 2017
—
Tandem Real Estate LLC
—
Deed
related
$85,000 · Fidelity Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
