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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office Spaces
3737 Ridgewood St Wichita, KS 67220-4418
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-1018672
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
10,080 SF
Lot
2.06 ac (89,734 SF)
APN
087-097-36-0-21-01-003.01
UPID
US33-1018672
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
-
Associated Imaging Services Inc Medical Clinic
-
Associated Imaging Services Production Facility
-
Nuclear Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$535k
Owner & transaction history
Spangler Family LLC · 1 yrs held
Spangler Family LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$845,000
+68.2%
Office building
$835,000
+65.9%
Auto repair, garage
$770,000
+53.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$835,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: +53% · Conversion: Difficult
WAREHOUSE, STORAGE
$760,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +46% · Conversion: Easy
MEDICAL BUILDING
$700,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / 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
$14,477
Tax year 2023
Assessed value
$151,200
Assessed 2024
Previous assessed
$125,625
+20.4% YoY
Effective rate
9.57%
On assessed value
Assessed land
$33,575
Assessed improvement
$117,625
Land market value
$134,300
Improvement market value
$470,500
Total market value
$604,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
10,080 SF
Lot
2.06 ac (89,734 SF)
APN
087-097-36-0-21-01-003.01
UPID
US33-1018672
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$760,000
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Spangler Family LLC
Entity
Mailing address
6348 E 47TH ST N, BEL AIRE, KS 67220-1651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Spangler Family LLC
—
Deed
related
$720,000 · Intrust Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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