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    2200 53 St Park City, KS 67219
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    Property profile & analytics

    2200 53 St Park City, KS 67219

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    • Commercial real estate
    • 14.75 lot acres
    Off-Market
    Property ID
    US33-0175616
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2200 53 St

    Lot size
    14.75 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 14.75-acre parcel presents a unique opportunity for developers seeking a strategic location in Park City, Kansas. Zoned for farming/ranching, the property offers significant potential for diverse commercial or residential development. Located at 2200 East 53rd St N, Park City, KS 67219, this expansive lot is priced at $706,761, translating to approximately $1.10 per square foot. Its strategic position offers convenient access to major transportation arteries, with just over half a mile to Highway 135. The property's proximity to significant planned developments further enhances its appeal. Within 1.2 miles lies the planned Park Centre multi-use development, and a mere 2.25 miles away is the anticipated Champtown Entertainment complex. This advantageous location makes it an excellent choice for workforce housing or expansion opportunities for nearby industrial businesses. The expansive acreage provides ample space for a variety of projects, making this a truly compelling investment opportunity in a rapidly growing area. The property's farming/ranching zoning offers flexibility for creative development plans. Don't miss this chance to acquire a substantial land holding in a thriving Kansas community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.311253
    Latitude
    37.7822409

    Comparable in this City

    • $2,400,000

      Prime Industrial/Commercial Land Available

      41-acre parcel in Wichita's industrial corridor with development potential.
      5611 N Hydraulic Ave, Park City, KS 67219
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    • $60,000

      Commercial Development Lot Near K15

      0.39 acre development lot near K15 and Spirit Aerosystems.
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      Land on South Commuter Route

      Land with high visibility and easy access to multiple cities.
      NE/c 63Rd St S, Wichita, KS 67219
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      Park City Industrial Land Available

      Approximately 44 acres of industrial land for sale.
      6701 N Broadway Ave, Park City, KS 67219
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      Mixed-Use Development on 58 Acres

      Sprawling mixed-use development with retail, residential, and commercial spaces.
      1941 East 61St St N, Park City, KS 67219
      View Details

    Similar Nearby for Sale

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      Park City Industrial Land Available

      Approximately 44 acres of industrial land for sale.
      6701 N Broadway Ave, Park City, KS 67219
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      Mixed-Use Development on 58 Acres

      Sprawling mixed-use development with retail, residential, and commercial spaces.
      1941 East 61St St N, Park City, KS 67219
      View Details
    • $2,400,000
      41 SF

      Prime Wichita Development Opportunity

      41 acres of industrial/commercial land with redevelopment potential.
      5611 N Hydraulic Ave, Park City, KS 67219
      View Details
    • Contact for pricing

      Commercial Land Available on Broadway

      Two lots available with highway access and permitted uses.
      5255 S Broadway St, Wichita, KS 67219
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    • Contact for pricing

      Land on South Commuter Route

      Land with high visibility and easy access to multiple cities.
      NE/c 63Rd St S, Wichita, KS 67219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      674,334 SF

      FORMER LOVE BOX | PRATT 37TH ST. CAMPUS

      Distribution centers • 674,334 SF
      700 37Th St, Wichita, KS 67219
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      Warehouse/Manufacturing/Distribution Campus For Sale

      Warehouse/manufacturing/distribution campus available for purchase with excellent access.
      700 E 37Th St N, Wichita, KS 67219
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      Retail Space in Growing Community

      Retail space available in Park City near mixed-use development.
      1560 East 61St St N, Park City, KS 67219
      View Details
    • $10 SF/Yr
      16,936 SF

      Park City Retail Center - Prime Location

      16,936 SF Retail Space, High Visibility
      425 61 St, Park City, KS 67219
      View Details
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    Park City, KS 67219
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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