3910 Rdg Rd Wichita, KS 67205-7800
Property profile & analytics
3910 Rdg Rd Wichita, KS 67205-7800
- Office buildings
- 16,944 SF
- 0.82 lot acres
Property ID
US33-1559848
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.
Location Intelligence
Current Use by Public Records
- Dr. David T. Truong, MD / Ophthalmologist
- Trevor R. Askew, OD / Physician
- Donald B. Scrafford, MD / Ophthalmologist
- Christopher B. Means, OD / Physician
- Misha A. Anderson, OD / Physician
Property Details for 3910 Rdg Rd
- Year built
- 2016
- Lot size
- 0.82 lot acres
- Property size
- 16,944 SF
- Property type
- Office buildings
- APN
- 087-088-27-0-33-02-005.00
- APU
- 87088270330200500
Description
This exceptional Class A medical office building, totaling 16,875 square feet, is situated on a 0.82-acre lot in Wichita, Kansas (67205). Constructed in 2016, the property boasts a 100% occupancy rate with a long-term lease in place with Grene Vision Group, a leading provider of eye care services. The current tenant, part of EyeCare Partners, has a five-year lease renewal, demonstrating strong tenant commitment and financial stability. The building offers a compelling investment opportunity with a 6.89% cap rate and a current annual base rent of $385,655. Located in northwest Wichita near other medical facilities, new apartments, and K-96 Highway, the property benefits from excellent visibility and accessibility. The asking price is $5,600,000, translating to $331.85 per square foot. This property is offered as a standalone investment or as part of a larger portfolio. The sale includes a single building on a 35,719 square foot lot. This is a rare opportunity to acquire a high-performing medical office building in a prime Wichita location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment for discerning buyers. The Net Lease (NNN) structure minimizes landlord responsibilities.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $735,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,162,000
Market price range: $737k - $1.34M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,045,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,425,000 Change: +36% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,295,000 Change: +24% Conversion: Difficult
- MEDICAL BUILDING
- $1,175,000 Change: +12% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $970,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.4256
- Latitude
- 37.7543
- 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
$86,911
$53,400
$614,000
$667,400
-
$213,600
$2,456,000
$2,669,600
