Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 S Greenwich Rd Wichita, KS 67207
    Back to Search
    Property profile & analytics

    300 S Greenwich Rd Wichita, KS 67207

    View on Map
    • Turn key restaurants
    • 1,280 SF
    • 0.48 lot acres
    For Sale
    $484,800
    View Listing →
    Commercial Development Land For Sale For Sale
    $484,800
    80,800 SF

    Commercial Development Land For Sale

    1.85 acres of commercial land near Greenwich and Kellogg.

    300 S Greenwich Rd, Wichita, KS 67207
    View Listing
    Property ID
    US33-0578857
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Two Brothers BBQ / Restaurant
    • Confidence Barbershop / Barber Shop
    • Body Canvas Tattooing / Tattoo & Piercing Shop
    • Road Runner Mexican Cantina / Restaurant
    • Angela's Cafe / Cafe & Coffee Shop

    Property Details for 300 S Greenwich Rd

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.48 lot acres
    Property size
    1,280 SF
    Property type
    Turn key restaurants
    APN
    087-115-22-0-33-01-005.01
    APU
    87115220330100501

    Description

    This exceptional 80,800 square foot development site in Wichita, Kansas presents a compelling opportunity for retail investors. Located at 300 S Greenwich Rd, 67207, this vacant, 1.85-acre parcel is zoned Limited Commercial (LC) and offers excellent visibility and accessibility. The property boasts a strategic location near the intersection of Kellogg (US 54/400) and Greenwich, experiencing a high daily traffic volume of 45,753 vehicles. Its proximity to major retailers such as Walmart, Lowe's, and numerous restaurants and dealerships ensures high foot traffic and strong consumer demographics. The site is ideally suited for a variety of retail uses, including junior box stores, making it an attractive investment for developers seeking a prime location in a thriving commercial area. Adjacent to Hawker Beechcraft, this property benefits from a strong local workforce and established business community. The asking price is $484,800, translating to $6.00 per square foot. This represents a significant opportunity to acquire a well-positioned retail development site in a high-demand area of Wichita. Don't miss this chance to capitalize on this exceptional location and strong market potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2074
    Latitude
    37.6827
    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
    $4,825
    $26,250
    $18,623
    $44,873
    -
    $105,000
    $74,490
    $179,490

    Comparable in this City

    • Value Estimation
      $4,500,000
      141,863 SF

      8113 Kellogg Dr

      RESTAURANT • 141,863 SF
      8113 Kellogg Dr, Wichita, KS 67207-1838
      View Details
    • Value Estimation by Request
      4,132 SF

      11855 Kellogg Dr

      RESTAURANT • 4,132 SF
      11855 Kellogg Dr, Wichita, KS 67207-1939
      View Details
    • Value Estimation by Request
      8,249 SF

      7607 Douglas Ave

      RESTAURANT • 8,249 SF
      7607 Douglas Ave, Wichita, KS 67207-1220
      View Details
    • Value Estimation by Request
      9,750 SF

      6801 Harry St

      RESTAURANT • 9,750 SF
      6801 Harry St, Wichita, KS 67207-2908
      View Details
    • Value Estimation by Request
      4,221 SF

      335 Towne E Mall Dr

      RESTAURANT • 4,221 SF
      335 Towne E Mall Dr, Wichita, KS 67207-1066
      View Details
    • Value Estimation
      $685,000
      8,970 SF

      412 Towne E Mall Dr

      RESTAURANT • 8,970 SF
      412 Towne E Mall Dr, Wichita, KS 67207-1050
      View Details

    Similar Nearby for Sale

    • $1,932,054
      19,225 SF

      Cherry Creek Commercial Space Available

      Versatile commercial space in Cherry Creek Business Park.
      7803 E Osie St, Wichita, KS 67207
      View Details
    • Contact for pricing
      7,700 SF

      Central and Webb Road Retail

      Retail or office space at Central and Webb Road.
      503 Webb Rd, Wichita, KS 67207
      View Details
    • Contact for pricing
      34,575 SF

      Fully Occupied Retail Investment Property

      Retail property with two tenants on 6.87 acres.
      10001 E Kellogg Dr, Wichita, KS 67207
      View Details
    • Contact for pricing
      30,000 SF

      Prime Commercial Development Opportunity

      30-acre commercial development site in Southeast Wichita.
      11933 E Pawnee St, Wichita, KS 67207
      View Details
    • Contact for pricing
      10,850 SF

      Retail Space Near Towne East

      Retail space available near Towne East Mall with high traffic.
      368 S Towne East Mall Dr, Wichita, KS 67207
      View Details
    • $299,000

      Office Unit with Potential

      Office unit for sale with multiple configuration options.
      6631 E Kellogg Dr, Wichita, KS 67207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,864 SF

      Restaurant Space in Whole Foods Center

      Rare restaurant opportunity in high-profile Wichita shopping center.
      1441 N Webb Rd, Wichita, KS 67207
      View Details
    • $15 SF/Yr
      5,300 SF

      Retail Space on Rock Road

      Retail space for lease with Rock Road frontage, available 2025.
      1655 S Rock Rd, Wichita, KS 67207
      View Details
    • Contact for pricing

      Restaurant Space in Retail Center

      Turn-key restaurant space in high-traffic retail corridor.
      340 S Greenwich Rd, Wichita, KS 67207
      View Details
    • Contact for pricing

      East Kellogg Retail Opportunity

      East Kellogg Drive site with great signage and potential uses.
      8335 E Kellogg Dr, Wichita, KS 67207
      View Details
    • Contact for pricing
      2,705 SF

      Restaurant Space in Whole Foods Center

      Restaurant space available in high-profile Waterfront Plaza shopping center.
      1431 N Webb Rd, Wichita, KS 67207
      View Details
    • $12 SF/Yr
      1,200 SF

      Retail Space Near Air Force Base

      Retail space available in Wichita near McConnel Air Force Base.
      7800-7820 E Harry St, Wichita, KS 67207
      View Details
    View Listing
    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 S Greenwich Rd
    Wichita, KS 67207
    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 S Greenwich Rd, Wichita, KS, 67207
    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!