Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Distribution centers
1519 Macarthur Rd Wichita, KS 67217-2739
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US33-1555482
Property summary
AI-generated overview
This exceptional Class A industrial distribution facility, built in 2023, presents a compelling investment opportunity. Located at 1519 W MacArthur Rd, Wichita, KS 67217, this single-tenant property boasts 201,096 square feet of net rentable space, fully occupied by a credit-rated tenant, AGCO, under a triple-net (NNN) lease. The lease commenced May 22, 2024, and has a remaining term of 4.4 years, with two 5-year renewal options. The property features eight loading docks, eight dock-high doors, a 32-foot ceiling height, and ample parking (101 spaces). The strategic location provides easy access to major highways I-235, I-135, and I-35. The lease includes a favorable 3% annual rent increase. This investment offers a stable, long-term income stream with a strong tenant and attractive lease terms. The property is zoned for industrial use and is situated in Sedgwick County. The building is a single-story structure. This is an institutional-grade NNN investment opportunity with a high occupancy rate (100%). The property's modern features and prime location make it an ideal addition to any portfolio.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Total area
203,340 SF
Lot
10.99 ac (478,724 SF)
APN
087-214-18-0-11-01-001.03
UPID
US33-1555482
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.83M
Owner & transaction history
Aspen Ironhorse Industrial LLC · 1 yrs held
Aspen Ironhorse Industrial LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±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
$19 / 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
$3,335
Tax year 2023
Assessed value
$338,960
Assessed 2024
Previous assessed
$28,956
+1,070.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$167,850
Assessed improvement
$171,110
Land market value
$671,400
Improvement market value
$13,688,600
Total market value
$14,360,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Heating
SPACE
Stories
1
Total area
203,340 SF
Lot
10.99 ac (478,724 SF)
APN
087-214-18-0-11-01-001.03
UPID
US33-1555482
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
Building & site characteristics
From public records
Year built
2023
Heating
SPACE
Stories
1
Lot
10.99 ac
Current owner
From public records · entity-resolved
Aspen Ironhorse Industrial LLC
Entity
Mailing address
PO BOX 3548, WICHITA, KS 67201-3548
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
Aspen Ironhorse Industrial LLC
—
Deed
related
$13,200,000 · National Life Insurance Company
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?”
You own 1519 Macarthur Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
