4834 Lincoln St Wichita, KS 67218-2449
Property profile & analytics
4834 Lincoln St Wichita, KS 67218-2449
- Turn key restaurants
- 1,344 SF
- 0.22 lot acres
Property ID
US33-0763723
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
- Turn key restaurants
Property Details for 4834 Lincoln St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 1,344 SF
- Property type
- Turn key restaurants
- APN
- 087-127-25-0-23-02-019.02
- APU
- 87127250230201902
Description
Exceptional investment opportunity: the Sweetheart Diner, a 3,475 square foot, single-tenant retail property located at 4834 E Lincoln St, Wichita, KS 67218. This Class C building, originally constructed in 1960 and extensively renovated in 2023, boasts a new roof, plumbing upgrades, flooring, and paint. The property features eight parking spaces per unit. Currently operating at 100% occupancy since September 1, 2023, the diner is under a triple-net (NNN) lease with a remaining term of approximately 21.8 years, expiring September 1, 2046. The lease commenced September 1, 2023, and includes a 30-year rent-to-own option. The asking price is $250,000, representing a 10.91% capitalization rate. The tenant's monthly rent is $2,500. The rent-to-own option requires an additional $15,000 down payment after the initial $10,000, converting to a 30-year contract at 9.9% interest, with taxes and insurance the tenant's responsibility. This option projects total payments of $816,146.52 over the 30-year period. The property represents a turnkey investment with significant recent upgrades exceeding $55,000. This is a rare opportunity to acquire a piece of Wichita's history with strong financial projections.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2792
- Latitude
- 37.6729
- 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
$1,657
$4,800
$12,200
$17,000
-
$19,200
$48,800
$68,000
