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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1617 Greenwich Rd Wichita, KS 67207-4321

    • Retail space
    • 3,750 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0488725
    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

    • LED Sign Co / Sign Shop

    Property Details for 1617 Greenwich Rd

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property size
    3,750 SF
    Property type
    Retail space
    APN
    087-118-33-0-11-01-003.00
    APU
    87118330110100300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2085
    Latitude
    37.6636
    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
    $11,382
    $11,000
    $91,000
    $102,000
    -
    $44,000
    $364,000
    $408,000

    Comparable in this City

    • Value Estimation
      $680,000
      22,344 SF

      9045 Kellogg Dr

      RETAIL STORES (PERSONAL SERVICES) • 22,344 SF
      9045 Kellogg Dr, Wichita, KS 67207-1827
      View Details
    • Value Estimation by Request
      5,980 SF

      1218 Rock Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,980 SF
      1218 Rock Rd, Wichita, KS 67207-3320
      View Details
    • Value Estimation by Request
      1,316 SF

      1616 Rock Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,316 SF
      1616 Rock Rd, Wichita, KS 67207-5149
      View Details
    • Value Estimation by Request
      976 SF

      2262 Greenwich Rd

      RETAIL STORES (PERSONAL SERVICES) • 976 SF
      2262 Greenwich Rd, Wichita, KS 67207-6114
      View Details
    • Value Estimation by Request
      12,980 SF

      10929 Kellogg Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,980 SF
      10929 Kellogg Dr, Wichita, KS 67207-1919
      View Details
    • Value Estimation by Request
      2,820 SF

      11818 Kellogg Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,820 SF
      11818 Kellogg Dr, Wichita, KS 67207-1938
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,400 SF

      East Kellogg Retail Center Investment

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      Retail Space Near Towne East

      Retail space available near Towne East Mall with high traffic.
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    • $484,800
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      Wichita Retail Land Development

      Prime 1.85-acre retail site, $484,800
      300 Greenwich Rd, Wichita, KS 67207
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    • Contact for pricing
      2,716 SF

      Turnkey Restaurant with Drive-Thru

      Turnkey restaurant with drive-thru in high-traffic location.
      1140 S Rock Rd, Wichita, KS 67207
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    • $2,650,000
      34,575 SF

      Fully Occupied Retail Investment Property

      Retail property with two tenants on 6.87 acres.
      10001 E Kellogg Dr, Wichita, KS 67207
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    • $2,930,443
      11.22 Acres

      East Kellogg Prime Development Land

      11.22 Acres, Wichita, KS - $2.9M
      0 Kellogg & Greenwich Rd, Wichita, KS 67207
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    Similar Nearby for Lease

    • $27 SF/Yr
      7,700 SF

      Central and Webb Road Retail

      Retail or office space at Central and Webb Road.
      503 Webb Rd, Wichita, KS 67207
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    • $750 /Mo
      11,975 SF

      East Kellogg Retail/Office Space

      Prime retail or office space with excellent visibility and access.
      6701 East Kellogg Dr, Wichita, KS 67207
      View Details
    • $17 SF/Yr
      875 SF

      Retail Space on Rock Road

      Retail space available in a high-traffic Wichita location.
      2250 N Rock Rd, Wichita, KS 67207
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    • Contact for pricing
      4,080 SF

      Retail Space on Kellogg Drive

      Retail space available for lease with 4,080 square feet.
      8113 E Kellogg Dr, Wichita, KS 67207
      View Details
    • $18 SF/Yr
      1,632 SF

      Retail Space on Greenwich Road

      Retail space with drive-up window and highway access.
      343 S Greenwich Rd, Wichita, KS 67207
      View Details
    • $18 SF/Yr
      2,310 SF

      Former Salon Space Available

      2,310 SF retail space, ideal for salon or retail.
      313 S Greenwich Rd, Wichita, KS 67207
      View Details
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    1617 Greenwich Rd
    Wichita, KS 67207-4321
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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