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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Grocery and convenience stores
2404 George Washington Blvd, Wichita, KS 67210-1300
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US33-0445559
Property summary
AI-generated overview
This Southeast Wichita industrial property offers 10,035 square feet of immediately available warehouse space, perfect for a variety of businesses. The space is divisible to a minimum of 4,000 square feet, allowing for flexibility depending on your operational needs. The maximum contiguous space available is 10,035 square feet. The warehouse boasts ceiling heights ranging from 13 to 17 feet, providing ample vertical storage capacity. Convenient loading and unloading is ensured with one dock-high door and one ground-level drive-in door. The property is equipped with 3-phase power, offering robust electrical capabilities. The zoning is designated as Limited Commercial, suitable for a range of industrial and light manufacturing uses. The lease rate is $6.50 per square foot, on an industrial gross lease basis. This well-located warehouse presents a compelling opportunity for businesses seeking efficient and adaptable space in a thriving industrial area. Don't miss this chance to secure your ideal warehouse in Southeast Wichita.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Construction
STEEL FRAME
Total area
20,035 SF
Lot
2.01 ac (87,556 SF)
APN
087-211-02-0-11-02-006.00
UPID
US33-0445559
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
-
Dollar Tree Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$690k
Owner & transaction history
Hj Development LLC · 5 yrs held
Hj Development LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$34 / 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
$23,465
Tax year 2023
Assessed value
$165,350
Assessed 2024
Previous assessed
$203,650
-18.8% YoY
Effective rate
14.19%
On assessed value
Assessed land
$32,825
Assessed improvement
$132,525
Land market value
$131,300
Improvement market value
$530,100
Total market value
$661,400
Applied tax rate
6,702.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
20,035 SF
Lot
2.01 ac (87,556 SF)
APN
087-211-02-0-11-02-006.00
UPID
US33-0445559
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
Building & site characteristics
From public records
Year built
2011
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Hj Development LLC
Entity
Mailing address
PO BOX 782680, WICHITA, KS 67278-2680
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
—
Hj Development LLC
—
Deed
related
$1,040,000 · Southwest National Bank
May 24, 2021
—
Hj Development LLC
Triangle Investments LLC
Warranty Deed
$468,000 · Southwest National Bank
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.
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