2323 Amidon Ave Wichita, KS 67204-5629
Property profile & analytics
2323 Amidon Ave Wichita, KS 67204-5629
- Grocery and convenience stores
- 20,910 SF
- 1.80 lot acres
Property ID
US33-1543947
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.
Location Intelligence
Current Use by Public Records
- ALDI / Specialty Food Shop / Supermarket
- ATM / Atm
Property Details for 2323 Amidon Ave
- Year built
- 1966
- Lot size
- 1.80 lot acres
- Property size
- 20,910 SF
- Property type
- Grocery and convenience stores
- APN
- 087-123-06-0-34-01-016.06
- APU
- 87123060340101606
Description
This exceptional investment opportunity presents a fee-simple ownership of a ±20,910 square foot Aldi grocery store located at 2323 N Amidon Ave, Wichita, KS 67204. The property sits on a 1.8-acre lot and boasts a single-story building constructed in 1966, extensively renovated in 2018. Currently operating under a 15-year Net Net lease (NN) with Aldi, a dominant retailer with over 2,000 US stores, the lease commenced May 1, 2018, and has approximately 8.5 years remaining, with 3 and 5-year renewal options and 10% rent increases every five years. The property generates a strong Net Operating Income (NOI) of $150,789, representing a 5.25% cap rate on the asking price of $2,872,200. This translates to a price per square foot of $137.36, significantly below replacement cost. The location benefits from high traffic counts on N Amidon Ave (approximately 16,000 vehicles per day), proximity to Wichita State University (less than 4 miles, with over 23,000 students), and a strong retail corridor including a major shopping center with over 100,000 monthly visits. Monthly visits to the Aldi location average approximately 143,219, according to AlphaMaps. Wichita's robust labor market, with 6,300 jobs added in July compared to the previous year, further enhances the investment's appeal. This is a rare opportunity to acquire a well-performing, established retail asset with a strong tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,565,000
- 6.5%
- $3,290,000
- 7%
- $3,055,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,557,000
Market price range: $1.01M - $4.91M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3637
- Latitude
- 37.7255
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,115
$39,100
$291,750
$330,850
-
$156,400
$1,167,000
$1,323,400
