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    Property profile & analytics

    401 Douglas Ave Wichita, KS 67202-3407

    • Hotels
    • 89,548 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $930,000
    Location Intelligence
    Property ID
    US33-0658293
    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

    • Hilton Garden Inn Wichita Downtown / Hotel
    • The Art Reception Gallery / Art Gallery
    • A. Price Woodard Park / City Park / Tourist Attraction
    • Preferred Mental Health Management / Business Management Consultant
    • North Waterwalk Bridge / Bridge

    Property Details for 401 Douglas Ave

    Year built
    1932
    Lot size
    0.48 lot acres
    Property size
    89,548 SF
    Property type
    Hotels
    APN
    087-125-21-0-32-02-005.00-D
    APU
    087125210320200500D

    Description

    This exceptional 53,440 square foot restaurant space, located at 401 E Douglas Ave in Wichita, Kansas, presents a unique opportunity. Situated in the heart of the Central Business District (CBD) on a 0.483-acre lot, this single-tenancy property boasts a prime location with stunning rooftop views. Currently configured as a restaurant and bar, the space features a first-generation build-out, complete with a walk-in cooler, walk-in freezer, and a Type 1 hood system. The property benefits from its proximity to the Hilton Garden Inn, a 127-room full-service hotel, ensuring high foot traffic and visibility. A significant tenant improvement allowance is available for qualified tenants, providing flexibility for customization and build-out. Furthermore, the property's location offers unparalleled access to the future $300 million BioMedical Campus, projected to bring 3,000 students and 200 faculty and staff to Downtown Wichita, significantly increasing the potential customer base. This is an exceptional opportunity to establish a thriving business in a rapidly developing area of Wichita, Sedgwick County, Kansas (zip code 67202). The property's zoning designation is CBD.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $775,000
      6.5%
      $835,000
      7%
      $835,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $800,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $710,000
      Retail
      $740,000
      Mixed-Use
      $725,000
      Hospitality
      $730,000
      Educational
      $860,000
      Residential Income
      $695,000
      Energy
      $865,000
      Income-Based Land
      $855,000
      Food Service
      $675,000

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3338
    Latitude
    37.6857
    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
    $148,962
    $36,825
    $1,306,500
    $1,343,325
    -
    $147,300
    $5,226,000
    $5,373,300

    Comparable in this City

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      400 Douglas Ave

      HOTEL • 187,978 SF
      400 Douglas Ave, Wichita, KS 67202-2902
      View Details
    • Value Estimation by Request
      0.03 Acres

      Wichita, KS 67202

      HOTEL/MOTEL • 0.03 Acres
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      View Details
    • Value Estimation by Request
      245,449 SF

      400 Waterman St

      HOTEL • 245,449 SF
      400 Waterman St, Wichita, KS 67202-3600
      View Details

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    401 Douglas Ave
    Wichita, KS 67202-3407
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    Realmo Value Estimation

    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.

    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.

    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
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