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    Property profile & analytics

    1502 Indianapolis St Wichita, KS 67211-2613

    • Garden apartment buildings
    • 3,492 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Dec 22, 2023
    Location Intelligence
    Property ID
    US33-0477197
    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

    • Garden apartment buildings

    Property Details for 1502 Indianapolis St

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    3,492 SF
    Property type
    Garden apartment buildings
    APN
    087-128-28-0-11-03-015.00
    APU
    87128280110301500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3194
    Latitude
    37.6763
    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
    $1,840
    $1,691
    $17,434
    $19,125
    -
    $14,700
    $151,600
    $166,300

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

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      GARDEN APT, COURT APT (5+ UNITS) • 0.09 Acres
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    • Value Estimation by Request
      0.16 Acres

      Wichita, KS 67211

      GARDEN APT, COURT APT (5+ UNITS) • 0.16 Acres
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    • Value Estimation by Request
      0.11 Acres

      Wichita, KS 67211

      GARDEN APT, COURT APT (5+ UNITS) • 0.11 Acres
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    • Value Estimation by Request
      0.17 Acres

      2520 Lincoln St

      GARDEN APT, COURT APT (5+ UNITS) • 0.17 Acres
      2520 Lincoln St, Wichita, KS 67211-3823
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    • Value Estimation by Request
      2,044 SF

      2709 Wilma St

      GARDEN APT, COURT APT (5+ UNITS) • 2,044 SF
      2709 Wilma St, Wichita, KS 67211-3767
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    • Value Estimation by Request
      2,044 SF

      2901 Wilma St

      GARDEN APT, COURT APT (5+ UNITS) • 2,044 SF
      2901 Wilma St, Wichita, KS 67211-3771
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,208 SF

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    • Contact for pricing
      1,200 SF

      Wichita Duplex on Corner Lot

      Duplex with fenced yards, garage, and income potential.
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    • $99,000
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      South Broadway Commercial Land

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      Mixed-Use Retail Center For Sale

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    Similar Nearby for Lease

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      Wichita Industrial Space For Lease

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      10,087 SF Strip Center, 2,833 SF Available
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    • $12 SF/Yr
      14,400 SF

      Warehouse Space For Lease

      Warehouse space for lease, suitable for various business purposes.
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    • $2,390 /Mo
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      Warehouse and Office Space Available

      Versatile warehouse and office space with I-135 access.
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    • $3,000 /Mo
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      Freestanding Flex Building For Lease

      Versatile flex building suitable for office, warehouse, retail, or showroom.
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    1502 Indianapolis St
    Wichita, KS 67211-2613
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    Realmo Value Estimation

    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.

    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.

    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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