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    Property profile & analytics

    3111 Central Ave Wichita, KS 67214-4816

    • Strip malls
    • 8,020 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $660,000
    Location Intelligence
    Property ID
    US33-0521396
    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

    • Heating and Air Conditioning / Heating Contractor
    • Starbucks / Breakfast Restaurant / Cafe

    Property Details for 3111 Central Ave

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    8,020 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    087-125-22-0-11-01-002.00
    APU
    87125220110100200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $795,000
      6.5%
      $870,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $850,000
      Geo Method
      $920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $690,000
      Mixed-Use
      $830,000
      Hospitality
      $655,000
      Educational
      $875,000
      Residential Income
      $735,000
      Energy
      $845,000
      Income-Based Land
      $840,000
      Food Service
      $880,000

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2998
    Latitude
    37.6933
    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
    $46,297
    $9,925
    $455,525
    $465,450
    -
    $39,700
    $1,822,100
    $1,861,800

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Wichita, KS 67214

      SHOPPING CENTER, STRIP CENTER • 0.01 Acres
      Wichita, KS 67214
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    • Value Estimation by Request
      2,250 SF

      2202 17th N St

      SHOPPING CENTER, STRIP CENTER • 2,250 SF
      2202 17th N St, Wichita, KS 67214-1934
      View Details
    • Value Estimation by Request
      15,590 SF

      2620 21st N St

      SHOPPING CENTER, STRIP CENTER • 15,590 SF
      2620 21st N St, Wichita, KS 67214-2248
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    • Value Estimation by Request
      6,277 SF

      118 21st N St

      SHOPPING CENTER, STRIP CENTER • 6,277 SF
      118 21st N St, Wichita, KS 67214-1032
      View Details
    • Value Estimation
      $345,000
      4,552 SF

      102 21st N St

      SHOPPING CENTER, STRIP CENTER • 4,552 SF
      102 21st N St, Wichita, KS 67214-1032
      View Details
    • Value Estimation by Request
      2,338 SF

      952 Grv St

      SHOPPING CENTER, STRIP CENTER • 2,338 SF
      952 Grv St, Wichita, KS 67214-3376
      View Details

    Similar Nearby for Sale

    • $800,000
      4,418 SF

      Mixed-Use Retail Center For Sale

      Highly visible mixed-use retail center with stable long-term tenants.
      2800 E Central Ave, Wichita, KS 67214
      View Details
    • $349,000
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      Versatile Flex Space For Sale

      Adaptable space suitable for office, service, or light industrial use.
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    • $595,000
      6,930 SF

      Wichita Flex Building - Prime Location

      6,930 SF Flex Space, Owner/User Opportunity
      1101 Central Ave, Wichita, KS 67214
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    • $275,000

      High-Traffic Corner Lot Building

      Commercial building near Wesley Hospital with excellent exposure.
      303 N Hillside St, Wichita, KS 67214
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    • $275,000
      1,680 SF

      Mixed-Use Building in Douglas District

      Mixed-use building in vibrant Douglas Design District, fully occupied.
      2808 E Douglas Ave, Wichita, KS 67214
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    • $500,000
      7,126 SF

      Downtown Wichita Retail Gem

      Prime storefront, leaseback option, high visibility.
      430 Central Ave, Wichita, KS 67214
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    Similar Nearby for Lease

    • $13 SF/Yr
      15,590 SF

      East 21st Street Retail Center

      High-traffic retail space near WSU.
      2614-2628 21St St, Wichita, KS 67214
      View Details
    • $28 SF/Yr
      1,800 SF

      Retail Space on Central Avenue

      Retail space available in a high-traffic Wichita location.
      3107 E Central Ave, Wichita, KS 67214
      View Details
    • $12 SF/Yr
      2,000 SF

      Prime Restaurant Space Available

      Fully furnished, high-visibility restaurant
      500 Central Ave, Wichita, KS 67214
      View Details
    • Contact for pricing
      8,000 SF

      Wichita Retail Space - 8,000 SF

      Prime Wichita retail space, high visibility, excellent location.
      2201 Central Ave, Wichita, KS 67214
      View Details
    • $5 SF/Yr
      6,930 SF

      Wichita Flex Building Investment Opportunity

      Prime Wichita flex space, 6,930 sq ft, $595,000
      1001 Central Ave, Wichita, KS 67214
      View Details
    • $2,500 /Mo
      1,500 SF

      Retail Space on Broadway Available

      Retail space for lease with monument signage available.
      1770 N Broadway St, Wichita, KS 67214
      View Details
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    Wichita, KS 67214-4816
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    Realmo Value Estimation

    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.

    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.

    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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