Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3250 Toben St Wichita, KS 67226-2900

    • Outlet malls
    • 184,034 SF
    • 16.71 lot acres
    OFF-MARKET
    Value Estimations
    $2,325,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0561480
    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

    • Menards / Hardware Store / Lumber Store
    • KeyMe Locksmiths / Locksmith / Key Duplication Service
    • Pittsburgh Paints & Stains / Paint Store
    • Blue Rhino / Propane Supplier

    Property Details for 3250 Toben St

    Year built
    2010
    Lot size
    16.71 lot acres
    Property size
    184,034 SF
    Property type
    Outlet malls
    APN
    087-109-32-0-41-02-002.00
    APU
    87109320410200200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2305
    Latitude
    37.7439
    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
    $357,784
    $545,800
    $2,367,350
    $2,913,150
    -
    $2,183,200
    $9,469,400
    $11,652,600

    Comparable in this City

    • Value Estimation
      $1,860,000
      139,364 SF

      3415 Rock Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 139,364 SF
      3415 Rock Rd, Wichita, KS 67226-1325
      View Details
    • Value Estimation by Request
      1.24 Acres

      Wichita, KS 67226

      WHOLESALE OUTLET, DISCOUNT STORE • 1.24 Acres
      Wichita, KS 67226
      View Details
    • Value Estimation by Request
      7,360 SF

      3320 Rock Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,360 SF
      3320 Rock Rd, Wichita, KS 67226-1315
      View Details
    • Value Estimation
      $1,460,000
      56,096 SF

      2425 Greenwich Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 56,096 SF
      2425 Greenwich Rd, Wichita, KS 67226-8205
      View Details
    • Value Estimation
      $2,210,000
      204,213 SF

      3030 Rock Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 204,213 SF
      3030 Rock Rd, Wichita, KS 67226-1309
      View Details
    • Value Estimation by Request
      9,875 SF

      2783 Greenwich Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,875 SF
      2783 Greenwich Rd, Wichita, KS 67226-8240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,524 SF

      Wichita Shopping Center Investment

      Class A retail/office center; high-growth area.
      8440 29Th St, Wichita, KS 67226
      View Details
    • Contact for pricing
      7,596 SF

      8440 East 29th St North, Wichita, KS

      Retail space • 7,596 SF
      8440 East 29Th St North, Wichita, KS 67226
      View Details
    • $1,165,000
      6,648 SF

      Freestanding Building K-96 Visibility

      6,648 SF building with high visibility and access.
      3213 N Toben St, Wichita, KS 67226
      View Details
    • Contact for pricing
      2.85 Acres

      K-96 & Greenwich Commercial Lots

      Prime Wichita land, flexible development.
      0 27 & Greenwich Rd, Bel Aire, KS 67226
      View Details
    • Contact for pricing
      1,328 SF

      Greenlight Garagedominiums, Wichita

      Luxury Self-Storage Condos, Wichita, KS
      9401 35Th St, Wichita, KS 67226
      View Details
    • $21,183,000
      40,000 SF

      Topgolf Wichita: NNN Investment

      High-return Topgolf NNN lease, Kansas.
      2976 Greenwich Rd, Wichita, KS 67226
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      10,216 SF

      Retail Space on Rock Road

      10,216 SF retail space available in move-in ready condition.
      3035 N Rock Rd, Wichita, KS 67226
      View Details
    • $13 SF/Yr
      9,050 SF

      Retail Space in Northrock Center

      Retail space available in established Wichita shopping destination.
      3411 N Rock Rd, Wichita, KS 67226
      View Details
    • $24 SF/Yr
      10,000 SF

      Greenwich Rd Retail Center

      Wichita, KS: Prime Retail Space Available
      2556 Greenwich Rd, Wichita, KS 67226
      View Details
    • Contact for pricing
      122,629 SF

      Wichita Retail Pad Sites Available

      Build-to-suit retail pads in prime Wichita location.
      7718 37Th St, Wichita, KS 67226
      View Details
    • $24 SF/Yr
      5,140 SF

      3505 N Rock Rd, Wichita, KS

      Restaurants • 5,140 SF
      3505 N Rock Rd, Wichita, KS 67226
      View Details
    • $28 SF/Yr
      31,800 SF

      Wichita Class A Office Space

      Multi-tenant medical/executive suites, prime location.
      9758 21St St, Wichita, KS 67226
      View Details

    Property Visit Statistics

    • Visits by month
      70.5k
    • Visitors by month
      48.3k
    • Avg Time on site
      29 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3250 Toben St
    Wichita, KS 67226-2900
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.