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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Day care centers
2072 127th E St, Wichita, KS 67206-3004
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0247150
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2012
Total area
11,356 SF
Lot
1.73 ac (75,359 SF)
APN
087-111-11-0-21-04-003.04
UPID
US33-0247150
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
-
Primrose School of Wichita East Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$705k
Owner & transaction history
Amber Waves Diving And Aquatic Ctr · 4 yrs held
Amber Waves Diving And Aquatic Ctr
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+81.2%
Apartment house (5+ units)
$955,000
+58.0%
Auto repair, garage
$870,000
+43.7%
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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$605,000
Current use
RESTAURANT
$1,095,000
Change: +81% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$955,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$870,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$62 / 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
$67,795
Tax year 2023
Assessed value
$537,268
Assessed 2024
Previous assessed
$521,333
+3.1% YoY
Effective rate
12.62%
On assessed value
Assessed land
$75,475
Assessed improvement
$461,793
Land market value
$301,900
Improvement market value
$1,847,170
Total market value
$2,149,070
Applied tax rate
6,791.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2012
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
11,356 SF
Lot
1.73 ac (75,359 SF)
APN
087-111-11-0-21-04-003.04
UPID
US33-0247150
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$605,000
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$870,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$675,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2012
Heating
YES
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Amber Waves Diving And Aquatic Ctr
Individual
Mailing address
2072 N 127TH ST E, WICHITA, KS 67206-3004
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
—
Amber Waves Diving And Aquatic Ctr
Reed 127th Commercial LLC
Special Warranty Deed
—
Jan 18, 2019
—
Gnl Properties LLC
Gnl Properties LLC
Deed
related
—
Nov 30, 2018
—
Gnl Properties LLC
—
Deed
related
$1,250,000 · Rcb Bank
Apr 26, 2018
—
Gnl Properties LLC
Venture Seven Development L L C
Special Warranty Deed
—
Apr 26, 2012
—
Jarm Property Management LLC
Primrose School Franchising Company
Special Warranty Deed
$3,000,000 · Evolve Bank & Trust Isaoa Atima
Apr 3, 2009
—
Primrose School Franchising Company
Reed 127th/commercial LLC
Special Warranty Deed
—
Jul 29, 2005
—
Lakepoint At Reeds Cove LLC
Reed 127th Commercial LLC
Warranty Deed
$532,800 · Yerus Bank NA
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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