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Property profile & analytics
OFF-MARKET Estimated value $750,000
Assisted living facilities

224 Central Ave Andover, KS 67002-8580

35,554 SF 2.7 ac lot Built 2010
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US33-1062595
Property summary
AI-generated overview

This exceptional 40,000 square foot (40,360 total square feet) residential treatment facility is situated in the thriving Andover community, a suburb of Wichita, Kansas. Conveniently located just 20 minutes from Wichita Dwight D. Eisenhower National Airport and 2 miles from Andover's Kansas Medical Center Hospital, this property offers unparalleled accessibility. The "H"-shaped building comprises four distinct wings, each equipped with its own kitchen and dining area. Common areas, including a therapy area and activity room, are located in the basement (6,186 square feet) and on the second floor. Extensive amenities include a 43-space paved parking lot, paved walkways, a courtyard, and attractive landscaping. The building boasts a hip composition roof, brick veneer siding, and a sprinkler system. Interior features are equally impressive, encompassing a spacious lobby, 11 offices, 60 units/rooms, 65 restrooms, a salon, four dining rooms, two nurses' stations, multiple laundry hookups, ample storage, a gym, a commercial kitchen, numerous lounge areas, dedicated medication rooms, a walk-out basement, and a convenient elevator. Modern technological infrastructure is in place, including Cox internet fiber, a VOIP phone system with ANAYA overhead paging, Ethernet wiring, and a backup generator. Safety features include fire and smoke detectors, and the building benefits from individually controlled HVAC systems. This turnkey operation presents a unique investment opportunity in a high-demand sector within a desirable location.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2010
Total area 35,554 SF
Lot 2.7 ac (117,612 SF)
APN 008-304-17-0-30-03-002.02-0
UPID US33-1062595
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
  • RODNEY K BRYANT Geriatric Care Provider
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k
Owner & transaction history
Andover Ks Propco LLC · 2 yrs held
Andover Ks Propco LLC
since 2023
2 recorded transactions
2023
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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