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    4830 Lincoln St Wichita, KS 67218-2449

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    4830 Lincoln St Wichita, KS 67218-2449


    • Outlet malls
    • 8,320 SF
    • 0.83 lot acres
    Off-Market
    Last Sale Sep 18, 2024
    Property ID
    US33-0760550
    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.

    Value Estimations
    $1,300,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 4830 Lincoln St

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    0.83 lot acres
    Property size
    8,320 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    087-127-25-0-23-02-022.00
    APU
    87127250230202200

    Description

    This exceptional 8,320-square-foot storefront retail space, located at 4830 E Lincoln St in Wichita, Kansas, presents a significant investment opportunity. Situated on a 0.83-acre lot (36,000 square feet), this single-story, 2012-built building boasts a prominent location directly across from Parklane Shopping Center at the intersection of Lincoln and Oliver. The property features 34 parking stalls and benefits from high visibility due to a traffic count of 21,647 vehicles per day at the major intersection. Currently vacant, the space offers immediate occupancy from September 30, 2023, and is zoned for limited commercial use. The asking price is $600,000, translating to $72.12 per square foot. Tenant responsibilities include utilities, insurance, snow removal, sweeping, and trash removal, as outlined in the estimated net operating expenses. This property is ideal for a variety of retail uses and offers significant potential for a strong return on investment. The building is in excellent condition and ready for immediate occupancy. Don't miss this chance to secure a prime retail location in a thriving Wichita neighborhood.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,420,000
      6.5%
      $1,310,000
      7%
      $1,215,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,294,000
      Market price range: $432k - $1.56M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $915,000
      Current use
      RESTAURANT
      $1,005,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $900,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $815,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2791
    Latitude
    37.6724
    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
    $26,329
    $18,000
    $163,525
    $181,525
    -
    $72,000
    $654,100
    $726,100
    More about this property
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