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Property profile & analytics
FOR SALE
Hotels

3642 N Oliver St Wichita, KS 67220

70,896 SF 3.34 ac lot Built 2016
Entity Owned Absentee Owner Free & Clear
Property ID
US33-1252507
Property summary
AI-generated overview

This exceptional 7-10.45 acre commercial land parcel in Wichita, Kansas, presents a unique investment opportunity within the thriving District 96 development. Located at 3642 N Oliver St, this Limited Industrial zoned property offers 1,200-4,000 square feet of buildable space, currently at 20% occupancy. The site boasts unparalleled visibility and accessibility, situated on a major thoroughfare with over 58,000 vehicles passing daily. Its strategic location offers proximity to significant employment centers, including the Koch Industries Headquarters (over 3,200 employees) and Wichita State University (enrollment exceeding 23,800 students in Fall 2024). The surrounding area is home to a diverse range of established businesses, such as QuikTrip, Aloft Hotel, Great Plains Industries, and many more, ensuring a vibrant and active commercial environment. District 96 is a 100-acre mixed-use development, suitable for retail, office, industrial, or multi-family uses. The owner is open to considering sale, build-to-suit options, or lease arrangements. This prime location is also conveniently near Chisholm Lake Park and Great Plains Nature Center walking trails. The property is part of a development nominated by the Wichita Business Journal for "Development of the Year." This is an ideal opportunity to establish a presence in a rapidly growing and highly desirable area of Wichita.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2016
Total area 70,896 SF
Lot 3.34 ac (145,490 SF)
APN 087-097-36-0-21-01-009.00
UPID US33-1252507
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
  • Aloft Wichita Hotel & Motel
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.82M
Comparable Approach Comparable
$3.25M
Blend (final) Blend
$3.04M
Owner & transaction history
LAKE CHARLES LODGING LLC
LAKE CHARLES LODGING LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.9M +121.1%
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More about this property
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