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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Warehouses
3100 Meridian Ave Wichita, KS 67217-2002
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-0529902
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Total area
94,230 SF
Lot
7.75 ac (337,590 SF)
APN
087-213-06-0-33-04-002.00
UPID
US33-0529902
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
Current use
Occupant on record · Public records
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
Afs Meridian LLC · 6 yrs held
Afs Meridian LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$75,295
Tax year 2023
Assessed value
$731,700
Assessed 2024
Previous assessed
$653,625
+11.9% YoY
Effective rate
10.29%
On assessed value
Assessed land
$126,550
Assessed improvement
$605,150
Land market value
$506,200
Improvement market value
$2,420,600
Total market value
$2,926,800
Applied tax rate
6,702.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
94,230 SF
Lot
7.75 ac (337,590 SF)
APN
087-213-06-0-33-04-002.00
UPID
US33-0529902
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
7.75 ac
Current owner
From public records · entity-resolved
Afs Meridian LLC
Entity
Mailing address
1851 MADISON AVE STE #300, COUNCIL BLUFFS, IA 51503-3604
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Afs Meridian LLC
—
Deed
related
$5,138,321 · Oakstar Bank NA
Dec 6, 2021
—
Aps Meridian LLC
—
Deed
related
$3,400,000 · Oakstar Bank NA
Aug 29, 2019
—
Afs Meridian LLC
Via Fone INC
Warranty Deed
$2,598,221 · Mutual Of Omaha Bank
Jul 31, 2017
—
A Ai Wakil
—
Deed
related
$412,500 · Skyward Cu
Jan 3, 2017
—
Via Fone INC
Kth Properties Corp
Special Warranty Deed
$1,100,000 · Skyward Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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