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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3084 Maize Rd Wichita, KS 67205-7359

    • Outlet malls
    • 136,191 SF
    • 14.22 lot acres
    OFF-MARKET
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1093659
    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.

    Current Use by Public Records

    • Sam's Club Bakery / Bakery / Wholesale Bakery
    • Sam's Club Hearing Aid Center / Hearing Aid Store
    • Sam's Club Pharmacy / Pharmacy
    • Sam's Club Optical Center / Eye Care Center
    • Sam's Club Gas Station / Gas Station

    Property Details for 3084 Maize Rd

    Year built
    2013
    Construction
    WOOD
    Lot size
    14.22 lot acres
    Property size
    136,191 SF
    Property type
    Outlet malls
    APN
    087-089-32-0-33-01-004.00
    APU
    87089320330100400

    Description

    This exceptional 1.06-acre pad site presents a prime commercial development opportunity in Wichita, Kansas. Located at 3084 N Maize Rd, this property boasts excellent visibility and accessibility, situated in a high-traffic area with strong demographics. The site is zoned Community Unit Plan DP-327, allowing for a variety of commercial uses. Its strategic location offers significant advantages, being directly adjacent to a Sam's Club, which averages over 109,000 monthly visitors. The surrounding shopping center further enhances the property's appeal, attracting over 143,000 visitors monthly. This translates to substantial foot traffic and potential customer base for any new development. The property's proximity to NewMarket Square, the largest power center in Kansas, only half a mile to the south, adds to its desirability and potential for significant return on investment. This location offers unparalleled exposure and access to a large consumer base, making it an ideal site for businesses seeking high visibility and strong market presence. The property's size and zoning provide flexibility for a range of commercial ventures, ensuring a diverse pool of potential buyers and tenants. This is a rare opportunity to acquire a highly desirable commercial pad site in a thriving retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $805,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4604
    Latitude
    37.7392
    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
    $371,719
    $774,375
    $2,214,825
    $2,989,200
    -
    $3,097,500
    $8,859,300
    $11,956,800

    Comparable in this City

    • Value Estimation
      $650,000
      18,537 SF

      2414 Maize Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 18,537 SF
      2414 Maize Rd, Wichita, KS 67205-7306
      View Details
    • Value Estimation
      $1,215,000
      178,100 SF

      2727 Maize Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 178,100 SF
      2727 Maize Rd, Wichita, KS 67205-7311
      View Details
    • Value Estimation
      $880,000
      139,277 SF

      2626 Maize Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 139,277 SF
      2626 Maize Rd, Wichita, KS 67205-7312
      View Details
    • Value Estimation
      $365,000
      6,626 SF

      3675 Maize Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,626 SF
      3675 Maize Rd, Wichita, KS 67205-7329
      View Details
    • Value Estimation
      $430,000
      7,360 SF

      3710 Maize Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,360 SF
      3710 Maize Rd, Wichita, KS 67205-7325
      View Details
    • Value Estimation
      $990,000
      73,322 SF

      2710 Maize Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 73,322 SF
      2710 Maize Rd, Wichita, KS 67205-7322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,128 SF

      Sandlot Condos: West Wichita

      Premium Garage Condos, Sold Out
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      Wichita Retail/Office Building For Sale

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      Retail spaces available in a high-traffic Wichita location.
      Wichita, KS 67205
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    • $2,637,037

      New Retail Property For Sale

      New retail property with two drive-through lanes and strong tenants.
      10209 W 29Th St N, Wichita, KS 67205
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    • $680,000
      1 SF

      Prime Commercial Land on Maize

      1.42 acres of commercial land on Maize Road.
      37 37Th St, Wichita, KS 67205
      View Details
    • Contact for pricing
      12.21 Acres

      Prime Maize Agricultural Land

      12.21 Acres, Light Industrial Zoning
      45th St. & Tyler Rd, Maize, KS 67205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,400 SF

      Retail Space Near New Market

      Retail space suitable for retail, restaurant, and medical users.
      10240 West 29Th St N, Wichita, KS 67205
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    • $25 SF/Yr
      22,350 SF

      Shops at Avante II Retail Space

      High-traffic retail space near 96 highway.
      0 37Th St, Wichita, KS 67205
      View Details
    • Contact for pricing
      10,500 SF

      Wichita Retail Space - Maize Road

      Prime Retail Space, New Construction, High Visibility
      3080 Maize Rd, Wichita, KS 67205
      View Details
    • Contact for pricing
      9,793 SF

      Wichita Retail Strip Center

      Prime Wichita retail space, ample parking.
      8778 29Th St, Wichita, KS 67205
      View Details
    • $18 SF/Yr
      3,800 SF

      Wichita Retail Space Sublease Opportunity

      High-traffic retail space available in Wichita, KS.
      2441 Maize Rd, Wichita, KS 67205
      View Details
    • $17 SF/Yr
      1,500 SF

      Wichita Retail Space for Lease

      High-traffic location, 1500 sq ft retail space.
      2233 Ridge Rd, Wichita, KS 67205
      View Details
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    Wichita, KS 67205-7359
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    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
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