Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Mead St Sta, Unit A Wichita, KS 67202-2744
    Back to Search
    Property profile & analytics

    300 Mead St Sta, Unit A Wichita, KS 67202-2744

    View on Map
    • Strip malls
    • 41,735 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US33-0430688
    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.
    Value Estimations
    $2,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 300 Mead St Sta

    Year built
    2002
    Lot size
    0.48 lot acres
    Property size
    41,735 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    087-125-21-0-21-07-007.00
    APU
    87125210210700700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,426,000
      Market price range: $1.87M - $3.18M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,425,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,605,000
      Change: +48% Conversion: Difficult
      RESTAURANT
      $3,525,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $3,315,000
      Change: +37% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,190,000
      Change: +31% Conversion: Difficult
      MEDICAL BUILDING
      $2,890,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,115,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3285
    Latitude
    37.6901
    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
    $124,475
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,035,000
      17,775 SF

      325 Mead St

      SHOPPING CENTER, STRIP CENTER • 17,775 SF
      325 Mead St, Wichita, KS 67202-2721
      View Details
    • Value Estimation by Request
      4,841 SF

      527 Central Ave

      SHOPPING CENTER, STRIP CENTER • 4,841 SF
      527 Central Ave, Wichita, KS 67202-1059
      View Details
    • Value Estimation
      $540,000
      8,620 SF

      360 William St

      SHOPPING CENTER, STRIP CENTER • 8,620 SF
      360 William St, Wichita, KS 67202-4032
      View Details
    • Value Estimation by Request
      2,540 SF

      151 Rock Is St Ste 1b

      SHOPPING CENTER, STRIP CENTER • 2,540 SF
      151 Rock Is St Ste 1b, Wichita, KS 67202-2768
      View Details
    • Value Estimation by Request
      6,408 SF

      151 Rock Is St Ste 1a

      SHOPPING CENTER, STRIP CENTER • 6,408 SF
      151 Rock Is St Ste 1a, Wichita, KS 67202-2768
      View Details
    • Value Estimation
      $555,000
      6,672 SF

      725 Douglas Ave

      SHOPPING CENTER, STRIP CENTER • 6,672 SF
      725 Douglas Ave, Wichita, KS 67202-3505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Showroom/Warehouse/Shop Space For Sale

      6,500 SF showroom/warehouse/shop space in Wichita, Kansas.
      157 S Washington St, Wichita, KS 67202
      View Details
    • Contact for pricing

      Historic Mixed-Use Eaton Place

      Mixed-use property in downtown Wichita near entertainment and biomedical campus.
      517 East Douglas Ave, Wichita, KS 67202
      View Details
    • $595,000
      4,802 SF

      Retail Space with Fenced Lot

      Retail space with multiple layout options and adjacent fenced lot.
      1001 E Central Ave, Wichita, KS 67202
      View Details
    • Contact for pricing

      Downtown Wichita Versatile Commercial Property

      Prime location suitable for retail, office, or live/work use.
      501-523 E Douglas Ave, Wichita, KS 67202
      View Details
    • Contact for pricing
      1,024 SF

      Versatile Commercial Space Available

      Adaptable commercial space suitable for various business needs.
      200 N Broadway St, Wichita, KS 67202
      View Details
    • $1,300,000
      20,990 SF

      Downtown Wichita Mixed-Use Opportunity

      Versatile space in a prime, high-visibility downtown location.
      614-622 S Commerce St, Wichita, KS 67202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Wichita, Kansas

      Retail or strip center space in a bustling Wichita location.
      8778 West 29Th St N, Wichita, KS 67202
      View Details
    • Contact for pricing

      Commerce Street Office/Retail Space

      Open office/retail space with high visibility and unique features.
      400 S Commerce St, Wichita, KS 67202
      View Details
    • Contact for pricing
      1,627 SF

      Retail Space in Old Town

      Prime retail space for lease in Old Town, Wichita.
      141 N Rock Island St, Wichita, KS 67202
      View Details
    • Contact for pricing

      Downtown Wichita Retail/Restaurant Space

      Retail/Restaurant space for ground lease in Downtown Wichita.
      436 S Topeka St, Wichita, KS 67202
      View Details
    • Contact for pricing
      4,571 SF

      Retail/Office Space Near Arena

      Retail and office spaces for lease near Intrust Bank Arena.
      400 S Commerce St, Wichita, KS 67202
      View Details
    • Contact for pricing
      7,552 SF

      Downtown Wichita Retail/Office Space

      Renovated retail or office space in downtown Wichita.
      100 N Market St, Wichita, KS 67202
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Mead St Sta, Unit A
    Wichita, KS 67202-2744
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Mead St Sta, Wichita, KS, 67202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!