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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Grocery and convenience stores
4051 Rdg Rd, Wichita, KS 67205-8822
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US33-0933672
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2014
Total area
5,824 SF
Lot
1.74 ac (75,794 SF)
APN
087-088-28-0-41-01-008.00
UPID
US33-0933672
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
-
QuikTrip Gas Station
-
Western Union Bank Credit Union
-
INTRUST Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$725k
Owner & transaction history
Qt Ridge LLC · 11 yrs held
Qt Ridge LLC
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+164.5%
Warehouse, storage
$710,000
+113.2%
Restaurant
$680,000
+103.7%
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
$485,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Change: +164% · Conversion: Easy
WAREHOUSE, STORAGE
$710,000
Change: +113% · Conversion: Difficult
RESTAURANT
$680,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$490,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$445,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$124 / 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
$66,409
Tax year 2023
Assessed value
$531,718
Assessed 2024
Previous assessed
$516,655
+2.9% YoY
Effective rate
12.49%
On assessed value
Assessed land
$208,950
Assessed improvement
$322,768
Land market value
$835,800
Improvement market value
$1,291,070
Total market value
$2,126,870
Applied tax rate
6,738.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2014
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
5,824 SF
Lot
1.74 ac (75,794 SF)
APN
087-088-28-0-41-01-008.00
UPID
US33-0933672
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)
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$710,000
RESTAURANT
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$445,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2014
Heating
YES
Cooling
Yes
Stories
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Qt Ridge LLC
Entity
Mailing address
4011 N TARA CIR, WICHITA, KS 67226-3336
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
—
Qt Ridge LLC
—
Deed
related
$1,400,000 · Union State Bank
Aug 15, 2014
—
Qt Ridge LLC
Quiktrip West Incorporated
Warranty Deed
$1,872,349 · Umb 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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