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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail space
2441 Maize Rd 10, Wichita, KS 67205-7935
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0837409
Property summary
AI-generated overview
This exceptional retail sublease opportunity is located in the vibrant New Market Square shopping center in Wichita, Kansas. Situated between Ross Dress for Less and Petco, this 3,800 square foot space offers excellent visibility and accessibility. Built in 2002, the property is zoned for Limited Commercial use (LC) and is part of a multi-tenant strip center. The location benefits from exceptionally high traffic counts, with 44,613 vehicles passing daily on 21st & Maize Road and 28,659 vehicles on 29th & Maize Road, ensuring significant exposure for your business. This sublease is offered by a national tenant, providing a stable and reputable presence within the center. The property is located at 2441 N Maize Road, Wichita, KS 67205, within Sedgwick County. This space presents a unique chance to establish or expand your retail presence in a prime location with proven high traffic volume and strong neighboring businesses. The property's Limited Commercial zoning ensures a variety of potential uses. This is a rare opportunity to secure a well-positioned retail space in a thriving shopping center. Contact us today to learn more about this exceptional sublease opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
15,264 SF
Lot
1.19 ac (51,836 SF)
APN
087-133-06-0-41-01-001.02
UPID
US33-0837409
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
-
Bling Glamour Wichita Clothing & Fashion Store
-
Lane Bryant Clothing & Fashion Store
-
Maurices Clothing & Fashion Store
-
Men's Wearhouse Clothing & Fashion Store
-
Ross Dress for Less Clothing Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$725k
Owner & transaction history
NEW MARKET SQUARE
NEW MARKET SQUARE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+80.6%
Medical building
$1.1M
+63.7%
Office building
$945,000
+45.9%
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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$645,000
Current use
AUTO REPAIR, GARAGE
$1,165,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$1,055,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$945,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$47 / 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
$63,538
Tax year 2023
Assessed value
$536,425
Assessed 2024
Previous assessed
$510,900
+5.0% YoY
Effective rate
11.84%
On assessed value
Assessed land
$58,175
Assessed improvement
$478,250
Land market value
$232,700
Improvement market value
$1,913,000
Total market value
$2,145,700
Applied tax rate
6,720.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
15,264 SF
Lot
1.19 ac (51,836 SF)
APN
087-133-06-0-41-01-001.02
UPID
US33-0837409
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
RETAIL STORES Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$945,000
RETAIL STORES Current
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
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
NEW MARKET SQUARE
Individual
Free & Clear · 0 yrs held
Mailing address
245 N WACO ST STE #400, WICHITA, KS 67202-1117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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