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Property profile & analytics
OFF-MARKET
Garden apartment buildings

3000 Kellogg Dr Wichita, KS 67213-2204

12,458 SF 0.47 ac lot Built 1963
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US33-0339928
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1963
Construction FRAME
Total area 12,458 SF
Lot 0.47 ac (20,473 SF)
APN 087-137-25-0-13-02-031.00
UPID US33-0339928
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lofts By Viewpoint LLC · 3 yrs held
Lofts By Viewpoint LLC
since 2023
6 recorded transactions
2023
Price N/A
2023
Price N/A
2020
Price N/A
2018
Price N/A
2018
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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