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Property profile & analytics
OFF-MARKET Estimated value $20,215,000
Outlet malls

2022 16th St Wellington, KS 67152-8151

151,892 SF 16.9 ac lot Built 2007
Entity Owned 16-yr Hold Free & Clear
Property ID
US33-0255930
Property summary
AI-generated overview

This exceptional 0.57-acre commercial land parcel presents a unique investment opportunity in Wellington, Kansas. Strategically located on East 16th Street, the property boasts unparalleled visibility due to its proximity to a Walmart Supercenter, which averages approximately 72,600 monthly visitors. The site benefits from its position along East 16th Road and South William Drive, ensuring high traffic counts and excellent exposure for any commercial development. The property is zoned as Highway Service District (C-S), allowing for a variety of commercial uses. Its convenient location offers easy access to major transportation arteries, including the Kansas Turnpike and Interstate 35, enhancing accessibility for both customers and employees. Situated just 35 miles south of Wichita, Kansas, this location provides access to a larger regional market. The high visibility, convenient location, and favorable zoning make this a compelling opportunity for businesses seeking a prominent presence in a thriving community. The substantial traffic generated by the adjacent Walmart store provides a significant advantage for attracting customers and building a successful enterprise. This property is ready for development and offers significant potential for growth and return on investment.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 151,892 SF
Lot 16.9 ac (736,164 SF)
Zoning code RV06
APN 156-13-0-00-00-001.01-0
UPID US33-0255930
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$20.19M
Comparable Approach Comparable
$20.25M
Blend (final) Blend
$20.22M
Owner & transaction history
City Of Wellington · 16 yrs held
City Of Wellington
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
RV06 · Wellington, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Office building $31.7M +140.7%
Commercial (general) $26.8M +103.6%
Restaurant $19.9M +51.0%
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