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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Strip malls
1812 Seneca St 400 Wichita, KS 67213-4100
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US33-0914023
Property summary
AI-generated overview
This exceptional retail opportunity is located at 1812 S Seneca St, Wichita, Kansas, 67213, in Sedgwick County. The property offers 1,970 square feet of readily available space within a multi-tenant building. Enjoy excellent access and high visibility from a prime location. Current building tenants include Grene Vision, Tuscan Salon and Studios, and Great Wall, creating a strong and diverse tenant mix. This space is ideal for a variety of retail businesses seeking a vibrant and established commercial area. The property benefits from its proximity to Kellogg, ensuring convenient access for customers and employees. A tenant allowance is available for qualified tenants, making this an even more attractive proposition. The property is classified as retail with multiple tenancies. Interested parties should inquire about lease terms and conditions. This is a fantastic chance to establish or expand your business in a thriving Wichita neighborhood. The property's location offers significant advantages for attracting customers and building a successful enterprise. Don't miss this opportunity to secure a prime retail space in a high-traffic area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
9,660 SF
Lot
0.85 ac (37,026 SF)
APN
087-129-32-0-22-04-024.01
UPID
US33-0914023
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
-
Shear Concept Hair Salon Nail Salon
-
Shear Oasis Hair Salon Nail Salon
-
Tuscan Salon And Studios Hair Salon Nail Salon
-
Urban Beauty by Jenn Hair Salon
-
Lori L. Barton, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$665k
Owner & transaction history
Vista View LLC · 2 yrs held
Vista View LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+67.4%
Restaurant
$1.1M
+64.2%
Retail stores
$895,000
+37.9%
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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Current use
AUTO REPAIR, GARAGE
$1,085,000
Change: +67% · Conversion: Difficult
RESTAURANT
$1,065,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$895,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$670,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$630,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$69 / 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
$25,443
Tax year 2023
Assessed value
$268,975
Assessed 2024
Previous assessed
$220,825
+21.8% YoY
Effective rate
9.46%
On assessed value
Assessed land
$18,500
Assessed improvement
$250,475
Land market value
$74,000
Improvement market value
$1,001,900
Total market value
$1,075,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
9,660 SF
Lot
0.85 ac (37,026 SF)
APN
087-129-32-0-22-04-024.01
UPID
US33-0914023
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$895,000
MEDICAL BUILDING
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
YES
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Vista View LLC
Entity
Mailing address
818 WENDY ST, POCATELLO, ID 83202-4956
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Vista View LLC
Argo Properties LLC
Warranty Deed
$843,750 · Idaho Central Cu
Jun 16, 2014
—
David W & Maria C Lovett LP
Cook Construction LLC
Warranty Deed
$832,000 · Andover State 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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