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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office Spaces
2616 Oliver St Ste 101 Wichita, KS 67210-1268
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US33-0424880
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
FRAME
Total area
12,000 SF
Lot
3.94 ac (171,626 SF)
APN
087-211-01-0-22-04-003.00
UPID
US33-0424880
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$620k
Owner & transaction history
Pir Oliver Avenue LLC · 1 yrs held
Pir Oliver Avenue LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$995,000
+159.4%
Auto repair, garage
$915,000
+139.2%
Warehouse, storage
$905,000
+136.6%
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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$385,000
Current use
OFFICE BUILDING
$995,000
Change: +159% · Conversion: Easy
AUTO REPAIR, GARAGE
$915,000
Change: +139% · Conversion: Difficult
WAREHOUSE, STORAGE
$905,000
Change: +137% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +134% · Conversion: Moderate
RETAIL STORES
$870,000
Change: +128% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: +117% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$52 / 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
$55,199
Tax year 2023
Assessed value
$551,600
Assessed 2024
Previous assessed
$478,050
+15.4% YoY
Effective rate
10.01%
On assessed value
Assessed land
$53,600
Assessed improvement
$498,000
Land market value
$214,400
Improvement market value
$1,992,000
Total market value
$2,206,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
SPACE
Buildings
6
Stories
1
Bathrooms
4
Total area
12,000 SF
Lot
3.94 ac (171,626 SF)
APN
087-211-01-0-22-04-003.00
UPID
US33-0424880
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
COMMERCIAL (GENERAL) Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
RETAIL STORES
Est. value
$870,000
MEDICAL BUILDING
Est. value
$830,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL 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
1984
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
6
Bathrooms
4
Lot
3.94 ac
Current owner
From public records · entity-resolved
Pir Oliver Avenue LLC
Entity
Mailing address
2616 S OLIVER ST, WICHITA, KS 67210-1268
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Pir Oliver Avenue LLC
Central Properties Of Wichita LLC
Warranty Deed
$1,530,000 · Vintage Bank Kansas
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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