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    3200 El Dorado Ave El Dorado, KS 67042-8018
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    Property profile & analytics

    3200 El Dorado Ave, El Dorado, KS 67042-8018

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    • Hotels
    • 24,590 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US33-0159355
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Days Inn & Suites by Wyndham El Dorado / Hotel & Motel

    Property Details for 3200 El Dorado Ave

    Year built
    2015
    Lot size
    2.00 lot acres
    Property type
    Hotels
    APN
    008-213-05-0-00-00-040.00-0
    APU
    82130500000040000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2019 — Hrsp LLC — Deed · related $500k · Kunj & Pooja Sheth
    Apr 5, 2016 — City Ofe El Dorado Kansas Hrsp LLC Warranty Deed · related —
    Feb 1, 2016 — Hrsp LLC — Trustees Deed · related $202k · Community Nat'l Bk&tr
    Mar 12, 2015 — Hrsp LLC — Trustees Deed · related $2.2M · Community Nat'l Bk&tr
    Mar 2, 2015 — Hrsp LLC City Of El Dorado Kansas Warranty Deed · related —
    — — Hrsp LLC — Deed Of Trust · related $500k · Kunj & Pooja Sheth

    Description

    This 42-room Days Inn & Suites in El Dorado, Kansas, presents a compelling investment opportunity. Built in 2015, this two-story, 24,396 square foot hotel boasts an impressive 13.30% cap rate and a Net Operating Income (NOI) of $458,909. All 42 rooms feature full kitchens, a significant amenity for guests. The property also includes a substantial six-bedroom, three-bathroom manager's living quarter. Situated on a 1.97-acre lot zoned C1, this hotel benefits from its convenient location at 3200 El Dorado Ave, El Dorado, KS 67042. The Days Inn & Suites has consistently exceeded its competitive set year over year and is priced below replacement cost at $3,450,000. The property's accolades include the Wyndham President's Award (2016-2023), Wyndham Green Core certification, and TripAdvisor's Travelers' Choice Award (2022), demonstrating its strong operational performance and guest satisfaction. This well-maintained, interior corridor hotel with an elevator offers a turnkey opportunity for a savvy investor seeking a high-performing hospitality asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Dorado
    County
    Butler
    State
    Kansas
    Longitude
    -96.9008
    Latitude
    37.8159
    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
    2019
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $130,000
    $2,034,500
    $2,164,500

    Comparable in this City

    • Value Estimation
      $1,840,000
      39,116 SF

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      3100 El Dorado Ave, El Dorado, KS 67042-8014
      View Details
    • Value Estimation
      $965,000
      17,649 SF

      2530 Central Ave

      HOTEL
      2530 Central Ave, El Dorado, KS 67042-3212
      View Details
    • Value Estimation by Request
      9,600 SF

      1111 Central Ave

      MOTEL
      1111 Central Ave, El Dorado, KS 67042-8505
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    • Value Estimation by Request
      5,980 SF

      2525 Central Ave

      MOTEL
      2525 Central Ave, El Dorado, KS 67042-3213
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    • Value Estimation
      $510,000
      10,596 SF

      2525 Central Ave

      MOTEL
      2525 Central Ave, El Dorado, KS 67042-3213
      View Details
    • Value Estimation by Request
      936 SF

      2765 Us Hwy 54

      MOTEL
      2765 Us Hwy 54, El Dorado, KS 67042-9136
      View Details

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      0.19 Acres

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      4,000 SF

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      14,990 SF

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      El Dorado Business Park Land

      Commercial and industrial lots available in El Dorado, Kansas.
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      Downtown El Dorado Office Space

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      El Dorado Warehouse Opportunity

      204,855 SF warehouse in established industrial corridor.
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      Prime retail spaces available in high-traffic, Walmart-anchored center.
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      El Dorado Warehouse Opportunity

      204,855 SF warehouse in established industrial corridor.
      2400 Pioneer Dr, El Dorado, KS 67042
      View Details
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    El Dorado, KS 67042-8018
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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.

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