New search
Property profile & analytics
FOR LEASE
Grocery and convenience stores
4747 S Broadway Ave, Wichita, KS 67216
Entity Owned
15-yr Hold
Free & Clear
Property ID
US33-0517142
For Lease
$8,340,000
4747 S Broadway Ave, Wichita, KS 67216
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
94,574 SF
Lot
7.92 ac (344,995 SF)
APN
087-214-17-0-44-01-034.02
UPID
US33-0517142
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.07M
Blend (final)
Blend
$8.34M
Owner & transaction history
Arc Dewchks001 LLC · 15 yrs held
Arc Dewchks001 LLC
since 2011
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.4M
+19.0%
Restaurant
$10.2M
+16.7%
Warehouse, storage
$9.2M
+6.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,700,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,350,000
Change: +19% · Conversion: Difficult
RESTAURANT
$10,150,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$9,225,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,670,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.34M
Range $7.51M – $9.17M · ±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
$88 / 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
$167,169
Tax year 2023
Assessed value
$1,440,925
Assessed 2024
Previous assessed
$1,443,725
-0.2% YoY
Effective rate
11.60%
On assessed value
Assessed land
$345,250
Assessed improvement
$1,095,675
Land market value
$1,381,000
Improvement market value
$4,382,700
Total market value
$5,763,700
Applied tax rate
6,707.0000
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
GROCERY, SUPERMARKET
Status
For Lease
Year built
1995
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
94,574 SF
Lot
7.92 ac (344,995 SF)
APN
087-214-17-0-44-01-034.02
UPID
US33-0517142
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
RETAIL STORES Current
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
RESTAURANT
Est. value
$10.2M
WAREHOUSE, STORAGE
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
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
1995
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
7.92 ac
Current owner
From public records · entity-resolved
Arc Dewchks001 LLC
Entity
Free & Clear · 15 yrs held
Mailing address
106 YORK RD, JENKINTOWN, PA 19046-3233
Ownership since
2011
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
Apr 8, 2011
—
Arc Dewchks001 LLC
Barton Properties L P
Special Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
