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Property profile & analytics
OFF-MARKET
Estimated value
$4,770,000
Garden apartment buildings
1945 Rock Rd 2401 Wichita, KS 67206-1237
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US33-0750960
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Total area
40,416 SF
Lot
5.39 ac (234,788 SF)
APN
087-113-07-0-11-01-006.00
UPID
US33-0750960
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
-
Midwest Property Preservation Property Management Company
-
Sundance Apartments Real Estate Rental Agency Apartment Complex
-
LawnStarter Lawn Care Service Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$4.77M
Owner & transaction history
Pbh Sundance LLC · 9 yrs held
Pbh Sundance LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.7M
+125.8%
Restaurant
$3.9M
+14.6%
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%
$5,170,000
6.5%
$4,770,000
7%
$4,430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,395,000
Current use
WAREHOUSE, STORAGE
$7,665,000
Change: +126% · Conversion: Difficult
RESTAURANT
$3,890,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,090,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.77M
Range $4.29M – $5.25M · ±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
$118 / 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
$10,871
Tax year 2023
Assessed value
$762,979
Assessed 2024
Previous assessed
$95,220
+701.3% YoY
Effective rate
1.42%
On assessed value
Assessed land
$60,720
Assessed improvement
$702,259
Land market value
$528,000
Improvement market value
$6,106,600
Total market value
$6,634,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1979
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
496
Total area
40,416 SF
Lot
5.39 ac (234,788 SF)
APN
087-113-07-0-11-01-006.00
UPID
US33-0750960
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$7.7M
RESTAURANT
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
RESTAURANT
AUTO REPAIR, GARAGE
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
1979
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
496
Lot
5.39 ac
Current owner
From public records · entity-resolved
Pbh Sundance LLC
Entity
Mailing address
777 BRICKELL AVE STE #1200, MIAMI, FL 33131-2867
Ownership since
2016
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
Sep 2, 2016
—
Pbh Sundance LLC
Sundance Apartmenets Wichita LLC
Special Warranty Deed
—
Apr 25, 2014
—
Sundance Apartments Wichita LLC
Sundance Ks Associates LLC
Quit Claim Deed
related
—
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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