3000 Kellogg Dr Wichita, KS 67213-2204
This exceptional 18,824-square-foot commercial property, situated on a 2-acre lot at 3000 W Kellogg Dr in Wichita, Kansas, presents a compelling investment opportunity. Recently renovated in November, this former office building has been transformed into 27 upscale apartment units, each boasting high-end finishes including granite countertops, soft-close cabinetry, LVP flooring, and LED ceiling fans. All major systems—electrical, plumbing, HVAC, fire, and sprinkler—are brand new and fully compliant with current building codes. The property is immediately income-generating, requiring no further capital investment. Eight on-site washers and dryers provide supplemental revenue. Its location near Newman University and Friends University ensures strong tenant demand from students and professionals. This turnkey asset offers a low-maintenance operation with significant income potential and a strong cap rate, promising both immediate returns and long-term value growth in a high-demand market. The property's modern amenities and superior design create exceptional tenant appeal, contributing to a robust and stable income stream. This is a rare chance to acquire a high-quality, income-producing asset in a prime Wichita location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.