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Property profile & analytics
OFF-MARKET
Estimated value
$11,125,000
Retail space
150 Main St Wichita, KS 67202-1307
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US33-0608905
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
149,142 SF
Lot
0.08 ac (3,485 SF)
APN
087-124-20-0-14-07-002.00
UPID
US33-0608905
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
-
Sweetman Drilling Construction Company General Contractor
-
Walcher Oil LC Gas Station
-
The Commerce Club Coworking & Hybrid Office
-
Nivo Solar Wichita, KS Solar Energy Company
-
Buffalo Brew Coffee Company Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.46M
Blend (final)
Blend
$11.13M
Owner & transaction history
Greiffensten Redevelopment LLC · 9 yrs held
Greiffensten Redevelopment LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$12.9M
+109.4%
Restaurant
$12.6M
+104.8%
Office building
$11.9M
+92.8%
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
APARTMENT HOUSE (5+ UNITS)
$12,875,000
Change: +109% · Conversion: Difficult
RESTAURANT
$12,590,000
Change: +105% · Conversion: Easy
OFFICE BUILDING
$11,855,000
Change: +93% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,395,000
Change: +85% · Conversion: Difficult
MEDICAL BUILDING
$10,330,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,670,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,565,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$11.13M
Range $10.01M – $12.24M · ±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
$75 / 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
$1,023
Tax year 2023
Assessed value
$3,118,963
Assessed 2024
Previous assessed
$8,325
+37,365.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$8,325
Assessed improvement
$3,110,638
Land market value
$33,300
Improvement market value
$12,442,550
Total market value
$12,475,850
Applied tax rate
6,786.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
10
Bathrooms
2
Total area
149,142 SF
Lot
0.08 ac (3,485 SF)
APN
087-124-20-0-14-07-002.00
UPID
US33-0608905
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
RESTAURANT
Est. value
$12.6M
OFFICE BUILDING
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1955
Heating
HOT WATER
Cooling
Yes
Stories
10
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Greiffensten Redevelopment LLC
Entity
Mailing address
150 N MAIN ST STE H, WICHITA, KS 67202-1323
Ownership since
2016
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
Sep 13, 2023
—
Main Street Living LLC
—
Deed
related
$2,996,666 · Emprise Bank
Jun 17, 2022
—
Main Street Living LLC
—
Deed
related
$14,783,334 · Emprise Bank
May 21, 2018
—
Main Street Partnors LLC
—
Deed
related
$455,200 · Ks Statebank
Aug 11, 2016
$54,000
Greiffensten Redevelopment LLC
Shirley J Leeper
Sheriffs Deed
related
—
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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