1851 Webb Rd Wichita, KS 67206-3413
Property Lookup
Property profile & analytics
1851 Webb Rd Wichita, KS 67206-3413
- Medical Office Space
- 30,156 SF
- 3.02 lot acres
Property ID
US33-0219719
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.
Location Intelligence
Current Use by Public Records
- Christie L. Rose, OD, FAAO / Physician
- P. Joe Jittawait, OD / Physician
- Grene Laser / Eye Care Center / Doctor
- Robin L. Agpoon, OD / Physician
- Jill M. Prilliman, OD / Physician
Property Details for 1851 Webb Rd
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 3.02 lot acres
- Property size
- 30,156 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 087-113-08-0-14-02-008.00
- APU
- 87113080140200800
Description
This exceptional investment opportunity presents a 29,900 square foot, Class A medical office building located at 1851 North Webb Rd, Wichita, Kansas, 67206. The property, built in 2003 and situated on a 131,558 square foot lot, boasts 100% occupancy with a strong, established medical tenant under a lease extending through 2029, with options for further renewal. The asking price is $10,000,000, translating to a price per square foot of $334.45. The building features modern finishes and benefits from convenient access to Highway K-96 and nearby restaurants. The lease provides a stable income stream with a rate of $22.06 per square foot per year. The property is zoned for general office use and offers a compelling sale-leaseback structure. The current occupancy is 100%, with the lease expiration date set for August 15, 2024. This presents a rare opportunity to acquire a high-performing medical office building in a desirable Wichita location with a long-term, reliable tenant. The property's strong financials and prime location make it an ideal addition to any investment portfolio. This is a turnkey investment with minimal vacancy risk and a proven track record of success. The building's modern design and convenient location ensure continued high demand and strong rental income potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,040,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,074,000
Market price range: $1.50M - $2.47M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,945,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,535,000 Change: +30% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,305,000 Change: +18% Conversion: Difficult
- OFFICE BUILDING
- $1,795,000 Change: -8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2271
- Latitude
- 37.7169
- 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
$184,410
$148,000
$1,595,500
$1,743,500
-
$592,000
$6,382,000
$6,974,000
