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Property profile & analytics
OFF-MARKET
Estimated value
$4,025,000
Motels
1550 Waterfront Pkwy Wichita, KS 67206-6607
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US33-0528548
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2005
Total area
94,000 SF
Lot
3.49 ac (152,024 SF)
APN
087-112-09-0-34-01-001.00
UPID
US33-0528548
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
-
Homewood Suites by Hilton @ The Waterfront Hotel & Motel Vacation Rental
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Hotel Wichita Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$4.03M
Owner & transaction history
Aac1 LLC · 2 yrs held
Aac1 LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+106.2%
Office building
$5.6M
+89.9%
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%
$4,050,000
6.5%
$3,740,000
7%
$3,470,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,945,000
Current use
MEDICAL BUILDING
$6,070,000
Change: +106% · Conversion: Difficult
OFFICE BUILDING
$5,590,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$4.03M
Range $3.62M – $4.43M · ±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
$239,116
Tax year 2023
Assessed value
$2,204,025
Assessed 2024
Previous assessed
$1,968,200
+12.0% YoY
Effective rate
10.85%
On assessed value
Assessed land
$265,675
Assessed improvement
$1,938,350
Land market value
$1,062,700
Improvement market value
$7,753,400
Total market value
$8,816,100
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2005
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
104
Bathrooms
2
Total area
94,000 SF
Lot
3.49 ac (152,024 SF)
APN
087-112-09-0-34-01-001.00
UPID
US33-0528548
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
$2.9M
MEDICAL BUILDING
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.6M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
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
2005
Heating
YES
Cooling
Yes
Stories
4
Units
104
Bathrooms
2
Lot
3.49 ac
Current owner
From public records · entity-resolved
Aac1 LLC
Entity
Mailing address
PO BOX 856, SALINA, KS 67402-0856
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
Mar 1, 2024
—
Aac1 LLC
—
Deed
related
$14,650,000 · Commerce Bank
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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