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

    1220 Greenwich Rd Wichita, KS 67206-2665

    • Motels
    • 62,620 SF
    • 2.81 lot acres
    OFF-MARKET
    Value Estimations
    $2,680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0239787
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 1220 North Greenwich Road Parking / Parking Lot & Garage
    • SpringHill Suites Wichita East at Plazzio / Hotel & Motel

    Property Details for 1220 Greenwich Rd

    Year built
    2008
    Construction
    FRAME
    Lot size
    2.81 lot acres
    Property size
    62,620 SF
    Property type
    Motels
    APN
    087-115-15-0-22-03-015.01
    APU
    87115150220301501

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,700,000
      6.5%
      $2,490,000
      7%
      $2,315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,868,000
      Market price range: $1.26M - $2.87M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,960,000
      Current use
      MEDICAL BUILDING
      $4,045,000
      Change: +106% Conversion: Difficult
      OFFICE BUILDING
      $3,725,000
      Change: +90% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2061
    Latitude
    37.7052
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $147,732
    $214,375
    $1,227,875
    $1,442,250
    -
    $857,500
    $4,911,500
    $5,769,000

    Comparable in this City

    • Value Estimation
      $2,930,000
      68,512 SF

      1212 Greenwich Rd

      MOTEL • 68,512 SF
      1212 Greenwich Rd, Wichita, KS 67206-2665
      View Details
    • Value Estimation
      $2,530,000
      59,133 SF

      2041 Bradley Fair Pkwy

      MOTEL • 59,133 SF
      2041 Bradley Fair Pkwy, Wichita, KS 67206-2940
      View Details
    • Value Estimation
      $1,130,000
      42,728 SF

      12111 Central Ave

      MOTEL • 42,728 SF
      12111 Central Ave, Wichita, KS 67206-2818
      View Details
    • Value Estimation
      $4,025,000
      94,000 SF

      1550 Waterfront Pkwy

      MOTEL • 94,000 SF
      1550 Waterfront Pkwy, Wichita, KS 67206-6607
      View Details
    • Value Estimation
      $1,850,000
      43,244 SF

      1236 Greenwich Rd

      MOTEL • 43,244 SF
      1236 Greenwich Rd, Wichita, KS 67206-2665
      View Details
    • Value Estimation
      $2,930,000
      68,452 SF

      2102 Crossmark St

      HOTEL • 68,452 SF
      2102 Crossmark St, Wichita, KS 67206-1046
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,575 SF

      Waterfront Land for Office Building

      Land available for Class AA office building in Wichita.
      1700 N Waterfront Pkwy, Wichita, KS 67206
      View Details
    • Contact for pricing

      Commercial Land Near Highway K-96

      1.17 acre commercial lot near 21st and Webb Rd.
      9830 E 21St St N, Wichita, KS 67206
      View Details
    • Contact for pricing
      44,717 SF

      Corner Site in Growing Corridor

      Hard corner site in Wichita's growing mixed-use development corridor.
      Greenwich Rd, Wichita, KS 67206
      View Details
    • Contact for pricing
      7,626 SF

      Retail Space in Plazzio Development

      Second generation retail space in east Wichita's Plazzio development.
      11423 E 13Th St N, Wichita, KS 67206
      View Details
    • $2,800,000
      11,350 SF

      Class A Office Space

      Prime East Wichita Class A office space for sale.
      9860 E 21St St N, Wichita, KS 67206
      View Details
    • Contact for pricing

      Wichita Office Building For Sale

      Office building available for purchase in Wichita, Kansas.
      12219 E Central Ave, Wichita, KS 67206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,300 SF

      Class A Office Space Available

      New Class A office space in Northeast Wichita available for rent.
      10111 E 21St St N, Wichita, KS 67206
      View Details
    • $20 SF/Yr
      4,353 SF

      Class A Office/Medical Space

      Class A office/medical space for lease near amenities.
      12111 E 21St St N, Wichita, KS 67206
      View Details
    • Contact for pricing
      1,239 SF

      Turn-Key Office Space Available

      Office space for rent at a busy intersection.
      8118 E Douglas Ave, Wichita, KS 67206
      View Details
    • Contact for pricing
      1,160 SF

      Retail Suite in Prime Location

      Retail suite available in a stabilized, upscale market.
      306 N Rock Rd, Wichita, KS 67206
      View Details
    • Contact for pricing
      5,326 SF

      Wichita Office Space Available

      5,326 SF office space for rent in Wichita.
      7111 E 21St St N, Wichita, KS 67206
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space with Drive-Thru Access

      End-cap retail space with drive-thru in East Wichita.
      11414 E Central Ave, Wichita, KS 67206
      View Details

    Property Visit Statistics

    • Visits by month
      6.6k
    • Visitors by month
      3.4k
    • Avg Time on site
      428 min
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    1220 Greenwich Rd
    Wichita, KS 67206-2665
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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.

    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
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