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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Hotels
1236 Dugan Rd Wichita, KS 67209-2367
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0750200
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
FRAME
Total area
49,830 SF
Lot
2.13 ac (92,783 SF)
APN
087-138-27-0-41-02-002.00
UPID
US33-0750200
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
-
Holiday Inn Express & Suites Wichita Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.13M
Owner & transaction history
Lf3 Wichita Airport LLC · 3 yrs held
Lf3 Wichita Airport LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.5M
+121.1%
Office building
$3.0M
+89.3%
Neighborhood: shopping center
$2.9M
+87.2%
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%
$2,145,000
6.5%
$1,980,000
7%
$1,840,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,560,000
Current use
MEDICAL BUILDING
$3,450,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$2,955,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,920,000
Change: +87% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,550,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,335,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±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
$43 / 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
$139,180
Tax year 2023
Assessed value
$1,201,812
Assessed 2024
Previous assessed
$1,208,225
-0.5% YoY
Effective rate
11.58%
On assessed value
Assessed land
$58,000
Assessed improvement
$1,143,812
Land market value
$232,000
Improvement market value
$4,600,900
Total market value
$4,832,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
3
Units
1
Bathrooms
2
Total area
49,830 SF
Lot
2.13 ac (92,783 SF)
APN
087-138-27-0-41-02-002.00
UPID
US33-0750200
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
HOTEL/MOTEL Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
1
Bathrooms
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
Lf3 Wichita Airport LLC
Entity
Mailing address
1635 43RD ST S STE #205, FARGO, ND 58103-3580
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Lf3 Wichita Airport LLC
Wichita Airport Hospitality LLC
Special Warranty Deed
$5,642,000 · Choice Financial Group
Jun 17, 2013
—
Wichita Airport Hospitality LLC
Airport 786 LLC
Special Warranty Deed
$6,500,000 · Cantor Commercial Real Estate Lendi
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.
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